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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0248%/8h= −27.1% APRnext payment $0.31 per $10,000 · paid last 24h −0.150%
Price spread now: Coinbase International against gTrade (Gains Network)−0.179%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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.179% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BONK/USD0.000003351L 0.0000% / S +0.0001%get 0.0000% / 1h30m 04s$1K150x
ShortCoinbase International 1000BONK-PERP-INTX0.000003345−0.0248pay 0.0031% / 1h30m 04s$43K$22K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$52.03
Price spread: −0.179% → 0.000%
−$17.91
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$89.94
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: 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 Coinbase International no order-book sample
gTrade (Gains Network) and Coinbase International: 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-INTXshort−0.0248%1h0.000003345−0.179%$43K$22K50x
BloFin 1000BONK-USDT−0.0140%4h0.000003349−0.060%$1.0M$13.2M75xas long as short
Orderly PERP_1000BONK_USDC−0.0078%4h0.000003350−0.030%$29K$41K20xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0048%1h0.000003350−0.030%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDlongL 0.0000% / S +0.0001%1h0.000003351long leg$1K150x
dYdX BONK-USD0.0000%1h0.000003351−0.012%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.298%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003350−0.027%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003352+0.030%$188K$300K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003349−0.045%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003351+0.010%$64K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.0000033510.000%$113K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003351+0.005%$15.1M$51.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003351−0.003%$10.1M$16.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003353+0.060%$2.4M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003348−0.090%$741K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003350−0.030%$10.1M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003350−0.030%$2.6M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003349−0.060%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003350−0.030%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003352+0.030%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003352+0.032%$301K$121Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003362+0.328%$57K$699K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003354+0.090%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.0000033510.000%$2K$6K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003352+0.026%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003348−0.090%$4K3xas long as short
HTX BONK-USDT+0.0112%4h0.000003368+0.507%$91K$150K30xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.474%$560100xas long as short
Hyperliquid kBONK+0.0916%1h0.000003358+0.209%$10.1M$7.4M10xas long as short
Kraken Futures PF_BONKUSD+0.0965%1h0.000003358+0.219%$204K$149K50xas long as short