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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.1362%/8h= −149.1% APRnext payment $1.70 per $10,000 · paid last 24h −0.049%
Price spread now: SoDEX against Kraken Futures−0.245%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 3 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 against this trade now: funding costs −$41 a day on $10k at the current rate, and SoDEX is 0.245% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BONKUSD0.0000034070.1462pay 0.0183% / 1h28m 38s$212K$163K50x
ShortSoDEX 1000BONK-USD0.0000033990.0100get 0.0013% / 1h28m 38s$2K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Kraken Futures. 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
−$286.03
Price spread: −0.245% → 0.000%
−$24.51
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$328.54
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 44 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 Kraken Futures live order book, 44 min ago17.88 bp29.0 bp −$29105.7 bp −$1,057doesn'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−0.0376%1h0.000003395−0.362%$43K$24K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003403−0.128%$1.0M$14.4M75xas long as short
Orderly PERP_1000BONK_USDC−0.0053%4h0.000003398−0.274%$29K$39K20xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0044%1h0.000003397−0.304%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003398−0.266%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003394−0.382%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.914%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003397−0.304%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003398−0.260%$16K$104K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003400−0.215%$65K$262K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003397−0.304%$113K$120K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003395−0.373%$15.4M$53.1M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003399−0.251%$10.6M$17.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003398−0.274%$2.5M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003399−0.245%$727K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003392−0.450%$9.9M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003395−0.354%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003395−0.362%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003398−0.274%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003387−0.598%$304K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003379−0.832%$57K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003406−0.040%$2K$12K20xas long as short
SoDEX 1000BONK-USDshort+0.0100%1h0.000003399−0.245%$2K$6K10x
HTX BONK-USDT+0.0100%4h0.000003400−0.216%$93K$152K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003397−0.311%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003398−0.274%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.955%$568100xas long as short
Backpack kBONK_USDC_PERP+0.0271%1h0.000003401−0.186%$30K$7K10xas long as short
Lighter 1000BONK+0.0296%1h0.000003401−0.186%$322K$441K10xas long as short
Hyperliquid kBONK+0.0647%1h0.000003404−0.098%$10.1M$7.2M10xas long as short
Kraken Futures PF_BONKUSDlong+0.1462%1h0.000003407long leg$212K$163K50x