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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0644%/8h= −70.5% APRnext payment $0.80 per $10,000 · paid last 24h −0.048%
Price spread now: Aevo against Hyperliquid−0.268%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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aevo is 0.268% cheaper against Hyperliquid than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kBONK0.0000033640.0748pay 0.0093% / 1h14m 46s$9.9M$7.2M10x
ShortAevo 1000BONK-PERP0.0000033550.0104get 0.0013% / 1h14m 46s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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
−$135.14
Price spread: −0.268% → 0.000%
−$26.75
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$186.89
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Aevo: 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 Hyperliquid live order book, 8 min ago2.96 bp11.3 bp −$1129.6 bp −$296doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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
Deribit 1000BONK_USDC-PERPETUAL−0.0345%1h0.000003358−0.178%$2K$110K10xas long as short
Coinbase International 1000BONK-PERP-INTX−0.0320%1h0.000003344−0.595%$43K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003352−0.357%$1.0M$13.1M75xas long as short
Orderly PERP_1000BONK_USDC−0.0044%4h0.000003356−0.238%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003356−0.235%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003358−0.185%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.675%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003353−0.317%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003358−0.178%$198K$290K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003352−0.342%$19K$109K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003358−0.193%$64K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003358−0.178%$114K$120K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003357−0.215%$15.1M$51.0M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003355−0.268%$10.2M$16.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003358−0.178%$2.4M$7.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003352−0.357%$740K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003357−0.208%$10.1M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003356−0.238%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003355−0.268%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003356−0.238%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003359−0.149%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003354−0.287%$302K$104Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003362−0.059%$57K$694K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003362−0.059%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003356−0.238%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003379+0.446%$78K$122K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003356−0.237%$22K$2K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003355−0.268%$4K3x
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.820%$561100xas long as short
Hyperliquid kBONKlong+0.0748%1h0.000003364long leg$9.9M$7.2M10x
Kraken Futures PF_BONKUSD+0.1143%1h0.000003361−0.097%$204K$148K50xas long as short