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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h +0.244%
Price spread now: Pacifica against GMX+16.467%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread pays, funding is against you. Pacifica is 16.467% dearer against GMX than usual: you sell high and buy low (spread +16.467% now, against zero (this spread has no 7-day history yet)): +$1,647 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BONK/USD [ETH-USDC]0.000003000L +0.0196% / S −0.3950%pay 0.0025% / 1h39m 04s$533100x
ShortPacifica kBONK0.0000034940.0100get 0.0013% / 1h39m 04s$116K$163K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. 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
−$20.18
Price spread: +16.467% → 0.000%
$1,646.67
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$1,606.48
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 59 min ago. 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 GMX no order-book sample
Sell Pacifica live order book, 59 min ago5.63 bp22.0 bp −$22doesn't fitdoesn't fitdoesn't fit
GMX: 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−0.0024%1h0.000003477+15.900%$42K$68K50xas long as short
dYdX BONK-USD0.0000%1h0.000003490+16.347%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003489+16.290%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274+9.133%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003491+16.365%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003489+16.300%$69K$139K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003494+16.451%$47K$332K10xas long as short
Pacifica kBONKshort+0.0100%1h0.000003494+16.467%$116K$163K10x
Binance 1000BONKUSDT+0.0100%4h0.000003489+16.293%$18.0M$89.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003488+16.263%$12.4M$27.2M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003485+16.167%$3.0M$15.0M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003490+16.333%$923K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003491+16.367%$11.4M$10.0M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003490+16.343%$3.0M$11.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003489+16.300%$4.5M$5.4M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003488+16.267%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003476+15.864%$327K$99Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003481+16.033%$59K$700K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003489+16.300%$30K$51K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003496+16.533%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003490+16.333%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003501+16.700%$99K$134K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003490+16.319%$22K$5K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003488+16.267%$4K3xas long as short
BloFin 1000BONK-USDT+0.0118%4h0.000003491+16.367%$1.1M$20.1M75xas long as short
GMX BONK/USD [ETH-USDC]longL +0.0196% / S −0.3950%1h0.000003000long leg$533100x
Lighter 1000BONK+0.0272%1h0.000003492+16.400%$245K$759K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0323%1h0.000003492+16.400%$34K$164K10xas long as short
Hyperliquid kBONK+0.0601%1h0.000003491+16.367%$11.9M$8.2M10xas long as short
Backpack kBONK_USDC_PERP+0.1835%1h0.000003495+16.500%$54K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2968%1h0.000003498+16.601%$178K$272K50xas long as short