Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Aster against Gate+0.149%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.149%, 7d avg +0.048%

Together, before fees−0.155%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.101% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BONK_USDT	0.000003360	0.0100	pay 0.0050% / 4h	2h 16m	$742K	$2.6M	50x
Short	Aster 1000BONKUSDT	0.000003365	0.0100	get 0.0050% / 4h	2h 16m	$65K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.048%: $10.07
Slippage, 4 orders: −$92.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$105.22
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Aster: live order book, 5 min ago.

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 Gate live order book, 1 min ago	4.46 bp	15.8 bp −$16	92.3 bp −$923	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	10.38 bp	24.7 bp −$25	184.1 bp −$1,841	doesn't fit	doesn't fit

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
Deribit 1000BONK_USDC-PERPETUAL	−0.0344%	1h	0.000003363	+0.089%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003356	−0.119%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003359	−0.030%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0042%	4h	0.000003362	+0.060%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003362	+0.048%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003360	0.000%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.560%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003361	+0.040%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003362	+0.060%	$199K	$290K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003365	+0.149%	$65K	$251K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003361	+0.030%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003361	+0.030%	$15.1M	$50.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003358	−0.060%	$10.2M	$16.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003362	+0.060%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDTlong	+0.0100%	4h	0.000003360	long leg	$742K	$2.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003360	0.000%	$10.2M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003361	+0.030%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.179%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003359	−0.030%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003364	+0.119%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003370	+0.307%	$303K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003371	+0.327%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003360	+0.015%	$19K	$109K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003366	+0.179%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003361	+0.030%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003386	+0.774%	$78K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003360	+0.003%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003364	+0.119%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.714%	$562	—	100x	as long as short
Hyperliquid kBONK	+0.0748%	1h	0.000003368	+0.238%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1141%	1h	0.000003367	+0.218%	$205K	$148K	50x	as long as short