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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Aevo against gTrade (Gains Network)−0.415%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aevo is 0.415% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.415% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 13 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BONK/USD0.000003542L +0.0001% / S +0.0001%pay 0.0000% / 1h1m 40s$24150x
ShortAevo 1000BONK-PERP0.0000035270.0104get 0.0013% / 1h1m 40s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against gTrade (Gains Network). 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
$21.72
Price spread: −0.415% → 0.000%
−$41.51
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$45.78
Costs to cover
0.260%
Break-even
21.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Aevo no order-book sample
gTrade (Gains Network) and Aevo: 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−0.0312%1h0.000003527−0.415%$44K$46K50xas long as short
dYdX BONK-USD0.0000%1h0.000003508−0.941%$13K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003531−0.302%$9K$133K10xas long as short
gTrade (Gains Network) BONK/USDlongL +0.0001% / S +0.0001%1h0.000003542long leg$24150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−7.559%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003546+0.133%$415xas long as short
Orderly PERP_1000BONK_USDC+0.0084%4h0.000003530−0.330%$30K$53K20xas long as short
Nado kBONK-PERP+0.0100%1h0.000003544+0.065%$43K$111K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003519−0.636%$66K$290K10xas long as short
Pacifica kBONK+0.0100%1h0.000003515−0.754%$121K$113K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003512−0.839%$17.7M$67.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003507−0.980%$11.6M$21.2M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003509−0.923%$2.6M$10.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003514−0.782%$916K$2.9M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003512−0.839%$9.7M$7.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003510−0.901%$3.0M$10.2M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003517−0.697%$4.5M$3.6M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003517−0.697%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003590+1.360%$333K$140Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003591+1.392%$60K$708K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003535−0.189%$2K$13K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003528−0.387%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003541−0.020%$100K$130K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003515−0.766%$23K$4K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003527−0.415%$4K3x
BloFin 1000BONK-USDT+0.0158%4h0.000003564+0.630%$1.0M$17.4M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−15.295%$390100xas long as short
Lighter 1000BONK+0.0224%1h0.000003522−0.556%$247K$702K10xas long as short
Hyperliquid kBONK+0.1070%1h0.000003522−0.556%$11.6M$6.0M10xas long as short
Backpack kBONK_USDC_PERP+0.1550%1h0.000003526−0.443%$48K$16K10xas long as short
Kraken Futures PF_BONKUSD+0.2378%1h0.000003531−0.310%$225K$203K50xas long as short