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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.027%
Price spread now: Aevo against Injective+2.474%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 2.474% dearer against Injective than usual: you sell high and buy low: +$247 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BONK/USDC PERP0.0000032740.0033pay 0.0004% / 1h33m 11s$3K$1135.5x
ShortAevo 1000BONK-PERP0.0000033550.0104get 0.0013% / 1h33m 11s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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
$14.84
Price spread: +2.474% → 0.000%
$247.4
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
$246.22
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample
Sell Aevo no order-book sample
Injective and 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−0.0643%1h0.000003355+2.474%$2K$110K10xas long as short
Coinbase International 1000BONK-PERP-INTX−0.0320%1h0.000003350+2.321%$43K$21K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003356+2.505%$1.0M$13.1M75xas long as short
Orderly PERP_1000BONK_USDC−0.0041%4h0.000003355+2.474%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003357+2.523%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003364+2.746%$12K$3K10xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003355+2.485%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003357+2.535%$198K$288K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003355+2.489%$20K$103K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003359+2.606%$66K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003365+2.779%$116K$116K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003356+2.505%$15.1M$49.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003355+2.468%$10.2M$16.2M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003355+2.474%$2.4M$7.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003355+2.474%$738K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003355+2.474%$9.7M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003355+2.489%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003351+2.352%$4.2M$3.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003356+2.505%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003355+2.474%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003371+2.974%$303K$104Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003377+3.146%$57K$693K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003360+2.627%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003355+2.474%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003372+2.993%$79K$118K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003355+2.478%$22K$2K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003355+2.474%$4K3x
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−8.369%$561100xas long as short
Hyperliquid kBONK+0.0717%1h0.000003361+2.657%$9.9M$7.0M10xas long as short
Kraken Futures PF_BONKUSD+0.1142%1h0.000003363+2.726%$204K$159K50xas long as short