Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.4363%/8h= +477.8% APRnext payment +$5.45 per $10,000 · paid last 24h +0.278%
Price spread now: Kraken Futures against Extended+0.316%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$131 a day on $10k at the current rate, and Kraken Futures is 0.316% dearer against Extended than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000BONK-USD0.0000035560.0104pay 0.0013% / 1h38m 55s$23K$4K25x
ShortKraken Futures PF_BONKUSD0.0000035670.4467get 0.0558% / 1h38m 55s$182K$262K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$916.29
Price spread: +0.316% → 0.000%
$31.55
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$932.85
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Kraken Futures: live order book, 64 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Kraken Futures live order book, 64 min ago23.37 bp34.3 bp −$3479.1 bp −$791doesn't fitdoesn't fit
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0040%1h0.000003551−0.142%$43K$64K50xas long as short
dYdX BONK-USD0.0000%1h0.000003559+0.091%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003555−0.040%$25150xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0031%1h0.000003557+0.027%$35K$164K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−7.931%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003558+0.067%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003558+0.069%$64K$134K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003568+0.336%$59K$318K10xas long as short
Pacifica kBONK+0.0100%1h0.000003560+0.111%$118K$148K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003565+0.249%$18.4M$85.0M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003567+0.308%$12.5M$26.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003569+0.364%$3.0M$14.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003560+0.111%$997K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003566+0.280%$11.7M$9.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003558+0.069%$3.0M$11.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003558+0.055%$4.6M$5.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003565+0.252%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003571+0.429%$336K$99Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003578+0.618%$60K$706K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003557+0.027%$30K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003559+0.083%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003556−0.001%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003561+0.139%$101K$134K30xas long as short
Extended 1000BONK-USDlong+0.0104%1h0.000003556long leg$23K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003556−0.001%$4K3xas long as short
BloFin 1000BONK-USDT+0.0137%4h0.000003556−0.001%$1.1M$20.1M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−15.636%$543100xas long as short
Lighter 1000BONK+0.0560%1h0.000003561+0.139%$248K$761K10xas long as short
Hyperliquid kBONK+0.1059%1h0.000003562+0.168%$12.2M$8.1M10xas long as short
Backpack kBONK_USDC_PERP+0.1645%1h0.000003563+0.196%$55K$23K10xas long as short
Kraken Futures PF_BONKUSDshort+0.4467%1h0.000003567+0.316%$182K$262K50x