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+0.0249%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h −0.001%
Price spread now: dYdX against Injective+6.153%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 +$7 a day on $10k at the current rate, and dYdX is 6.153% dearer against Injective than usual: you sell high and buy low: +$615 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% / 1h13m 02s$3K$1135.5x
ShortdYdX BONK-USD0.0000034750.0282get 0.0035% / 1h13m 02s$13K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$52.24
Price spread: +6.153% → 0.000%
$615.28
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee dYdX: 5 bp × 2 orders
−$10
Net
$657.5
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; dYdX: 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 dYdX no order-book sample
Injective and dYdX: 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%1h0.000003430+4.765%$43K$81K50xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003472+6.035%$24150xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003473+6.076%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003473+6.093%$66K$140K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003480+6.292%$48K$295K10xas long as short
Pacifica kBONK+0.0100%1h0.000003478+6.231%$115K$162K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003478+6.239%$18.0M$90.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003477+6.210%$12.4M$27.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003472+6.048%$3.0M$15.1M20xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BONK_USDT+0.0100%4h0.000003475+6.139%$920K$3.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003478+6.231%$11.3M$10.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003477+6.194%$2.9M$11.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003476+6.170%$4.5M$5.4M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003477+6.200%$5.1Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003484+6.429%$335K$115Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003486+6.475%$59K$698K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003471+6.017%$30K$51K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003480+6.292%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003473+6.078%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003480+6.292%$99K$137K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003473+6.081%$22K$5K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003471+6.017%$4K3xas long as short
BloFin 1000BONK-USDT+0.0125%4h0.000003478+6.231%$1.0M$19.9M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−8.369%$531100xas long as short
Lighter 1000BONK+0.0280%1h0.000003478+6.231%$246K$771K10xas long as short
dYdX BONK-USDshort+0.0282%1h0.000003475+6.153%$13K$10K10x
Hyperliquid kBONK+0.0587%1h0.000003480+6.292%$11.9M$8.3M10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0614%1h0.000003474+6.109%$24K$164K10xas long as short
Backpack kBONK_USDC_PERP+0.1620%1h0.000003482+6.353%$54K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2985%1h0.000003478+6.219%$176K$273K50xas long as short