Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.005%

Price spread now: SunX against Extended+0.167%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 SunX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.167% dearer against Extended than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000BONK-USD	0.000003539	0.0104	pay 0.0013% / 1h	57m 10s	$22K	$5K	25x
Short	SunX BONK-USDT	0.000003545	0.0100	get 0.0050% / 4h	3h 57m	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$0.84
Price spread: +0.167% → 0.000%: $16.68
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: $2.84
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; SunX: 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 SunX no order-book sample	—	—	—	—	—

Extended and SunX: 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	−0.0024%	1h	0.000003535	−0.116%	$42K	$69K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003532	−0.215%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003541	+0.045%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.491%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0061%	4h	0.000003542	+0.082%	$1.1M	$20.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003542	+0.082%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003544	+0.139%	$70K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003537	−0.072%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003531	−0.229%	$118K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003535	−0.116%	$18.6M	$88.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003538	−0.045%	$12.4M	$27.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003536	−0.088%	$3.0M	$15.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003535	−0.116%	$946K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003541	+0.054%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003538	−0.031%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003532	−0.201%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003534	−0.144%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003525	−0.398%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003528	−0.314%	$59K	$704K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003540	+0.026%	$30K	$51K	20x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003545	+0.167%	$2K	$15K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003542	+0.082%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003543	+0.110%	$100K	$134K	30x	as long as short
Extended 1000BONK-USDlong	+0.0104%	1h	0.000003539	long leg	$22K	$5K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003538	−0.031%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.233%	$540	—	100x	as long as short
Lighter 1000BONK	+0.0304%	1h	0.000003542	+0.082%	$248K	$756K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0597%	1h	0.000003544	+0.139%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0695%	1h	0.000003539	−0.003%	$12.1M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2249%	1h	0.000003545	+0.167%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2927%	1h	0.000003547	+0.215%	$181K	$275K	50x	as long as short