Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.8% APRpaid last 24h −0.086%

Price spread now: Orderly against Extended+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.042% dearer against Extended than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000BONK-USD	0.000003350	0.0104	pay 0.0013% / 1h	47m 42s	$22K	$4K	25x
Short	Orderly PERP_1000BONK_USDC	0.000003351	0.0070	get 0.0035% / 4h	47m 42s	$29K	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee ExtendedbpFee OrderlybpOrdersPrice spread, now +0.042%Rate

Funding earned: −$7.22
Price spread: +0.042% → 0.000%: $4.19
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.03
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Extended and Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003340	−0.286%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003349	−0.006%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003351	+0.045%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.257%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDCshort	+0.0070%	4h	0.000003351	+0.042%	$29K	$56K	20x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003353	+0.100%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003351	+0.042%	$222K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003354	+0.146%	$26K	$97K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003351	+0.033%	$77K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003350	+0.012%	$111K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003356	+0.185%	$16.1M	$58.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003355	+0.149%	$10.7M	$18.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003351	+0.042%	$2.5M	$8.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003350	+0.012%	$811K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003352	+0.072%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003350	+0.003%	$2.5M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003349	−0.018%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003350	+0.012%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003359	+0.278%	$306K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003365	+0.460%	$57K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003356	+0.191%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003352	+0.072%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003361	+0.340%	$95K	$119K	30x	as long as short
Extended 1000BONK-USDlong	+0.0104%	1h	0.000003350	long leg	$22K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003346	−0.107%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0111%	4h	0.000003347	−0.077%	$954K	$14.9M	75x	as long as short
Backpack kBONK_USDC_PERP	+0.0112%	1h	0.000003356	+0.191%	$29K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−10.437%	$561	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0346%	1h	0.000003356	+0.191%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0820%	1h	0.000003355	+0.161%	$9.9M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2510%	1h	0.000003358	+0.255%	$217K	$176K	50x	as long as short