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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: SoDEX against gTrade (Gains Network)+0.097%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 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.097% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BONK/USD0.000003492L +0.0001% / S +0.0001%pay 0.0000% / 1h27m 49s$24150x
ShortSoDEX 1000BONK-USD0.0000034950.0100get 0.0013% / 1h27m 49s$2K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$20.88
Price spread: +0.097% → 0.000%
$9.74
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$12.62
Costs to cover
0.180%
Break-even
2.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: 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 SoDEX no order-book sample
gTrade (Gains Network) and SoDEX: 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−0.0136%1h0.000003489−0.074%$43K$47K50xas long as short
dYdX BONK-USD0.0000%1h0.000003490−0.034%$13K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003493+0.040%$9K$134K10xas long as short
gTrade (Gains Network) BONK/USDlongL +0.0001% / S +0.0001%1h0.000003492long leg$24150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.232%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003494+0.068%$415xas long as short
Orderly PERP_1000BONK_USDC+0.0092%4h0.000003494+0.069%$30K$53K20xas long as short
Nado kBONK-PERP+0.0100%1h0.000003494+0.069%$42K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003500+0.250%$58K$299K10xas long as short
Pacifica kBONK+0.0100%1h0.000003495+0.097%$116K$123K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003497+0.169%$17.9M$71.3M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003493+0.046%$11.5M$22.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003494+0.069%$2.8M$11.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003494+0.069%$922K$3.1M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003497+0.155%$10.4M$8.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003496+0.126%$3.0M$10.4M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003496+0.126%$4.5M$3.9M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003495+0.097%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003499+0.225%$325K$141Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003497+0.155%$59K$703K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003499+0.212%$2K$13K20xas long as short
SoDEX 1000BONK-USDshort+0.0100%1h0.000003495+0.097%$2K$7K10x
HTX BONK-USDT+0.0100%4h0.000003501+0.269%$100K$130K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003499+0.198%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003494+0.069%$4K3xas long as short
BloFin 1000BONK-USDT+0.0119%4h0.000003513+0.613%$1.0M$17.8M75xas long as short
Lighter 1000BONK+0.0128%1h0.000003497+0.155%$246K$717K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−14.080%$385100xas long as short
Backpack kBONK_USDC_PERP+0.1607%1h0.000003500+0.241%$46K$17K10xas long as short
Hyperliquid kBONK+0.1621%1h0.000003500+0.241%$11.8M$6.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2655%1h0.000003502+0.295%$215K$218K50xas long as short