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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.7% APRnext payment $0.67 per $10,000 · paid last 24h −0.100%
Price spread now: Orderly against Gate0.000%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BONK_USDT0.0000033840.0100pay 0.0050% / 4h2h 47m$746K$2.6M50x
ShortOrderly PERP_1000BONK_USDC0.000003384−0.0034pay 0.0017% / 4h2h 47m$29K$41K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$28.23
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$49.23
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 6 min ago; Orderly: 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 Gate live order book, 6 min ago2.96 bp26.7 bp −$2780.9 bp −$809doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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−0.0320%1h0.000003381−0.089%$43K$21K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003386+0.059%$1.0M$13.2M75xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0045%1h0.0000033840.000%$2K$110K10xas long as short
Orderly PERP_1000BONK_USDCshort−0.0034%4h0.0000033840.000%$29K$41K20x
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003386+0.056%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003388+0.118%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.251%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003386+0.047%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003386+0.059%$203K$283K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003386+0.044%$20K$104K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003391+0.221%$67K$252K10xas long as short
Pacifica kBONK+0.0100%1h0.000003389+0.148%$116K$116K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.0000033840.000%$15.3M$49.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003382−0.059%$10.2M$16.1M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003385+0.030%$2.5M$7.6M20xas long as short
Gate BONK_USDTlong+0.0100%4h0.000003384long leg$746K$2.6M50x
MEXC 1000BONK_USDT+0.0100%4h0.000003382−0.059%$9.8M$6.5M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.0000033840.000%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003382−0.059%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003386+0.059%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003386+0.059%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003379−0.162%$304K$105Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003380−0.118%$57K$693K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003390+0.177%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003385+0.030%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003399+0.443%$80K$117K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003385+0.036%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003382−0.059%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.348%$566100xas long as short
Hyperliquid kBONK+0.0749%1h0.000003391+0.207%$10.1M$6.9M10xas long as short
Kraken Futures PF_BONKUSD+0.1132%1h0.000003392+0.244%$206K$185K50xas long as short