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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1068%/8h= −116.9% APRnext payment $1.33 per $10,000 · paid last 24h −0.064%
Price spread now: SoDEX against Hyperliquid−0.504%51s7-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 3 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 −$32 a day on $10k at the current rate, and SoDEX is 0.504% cheaper against Hyperliquid than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kBONK0.0000033720.1168pay 0.0146% / 1h4m 27s$10.1M$7.4M10x
ShortSoDEX 1000BONK-USD0.0000033550.0100get 0.0013% / 1h4m 27s$2K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$224.26
Price spread: −0.504% → 0.000%
−$50.42
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$291.68
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; 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 Hyperliquid live order book, 8 min ago1.49 bp10.3 bp −$1037.0 bp −$370doesn't fitdoesn't fit
Sell SoDEX no order-book sample
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−0.0456%1h0.000003344−0.830%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003355−0.504%$1.0M$13.8M75xas long as short
Orderly PERP_1000BONK_USDC−0.0063%4h0.000003364−0.237%$29K$40K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003365−0.211%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003358−0.402%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.906%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0048%1h0.000003355−0.504%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003365−0.207%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003362−0.297%$216K$326K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003365−0.193%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003366−0.171%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003361−0.326%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003363−0.276%$15.3M$52.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003362−0.291%$10.3M$16.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003365−0.208%$2.4M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003361−0.326%$716K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003361−0.326%$9.8M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003367−0.160%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003362−0.297%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003364−0.237%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003357−0.445%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003349−0.681%$301K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003350−0.652%$56K$702K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003359−0.386%$2K$12K20xas long as short
SoDEX 1000BONK-USDshort+0.0100%1h0.000003355−0.504%$2K$6K10x
HTX BONK-USDT+0.0100%4h0.000003362−0.297%$92K$153K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003364−0.242%$22K$3K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003362−0.297%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.032%$561100xas long as short
Hyperliquid kBONKlong+0.1168%1h0.000003372long leg$10.1M$7.4M10x
Kraken Futures PF_BONKUSD+0.1458%1h0.000003360−0.351%$205K$151K50xas long as short