Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin+0.030%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.030%, 7d avg −0.023%

Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.052% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003357	0.0100	pay 0.0050% / 4h	2h 29m	$2.7M	$9.8M	75x
Short	Aster 1000BONKUSDT	0.000003358	0.0100	get 0.0050% / 4h	2h 29m	$64K	$252K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee AsterbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.023%: $5.23
Slippage, 4 orders: −$75.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$90.71
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Aster: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 4 min ago	2.98 bp	22.0 bp −$22	177.3 bp −$1,773	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	8.84 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003356	−0.030%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003359	+0.060%	$1.0M	$13.1M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0048%	1h	0.000003358	+0.030%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0042%	4h	0.000003357	0.000%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003358	+0.036%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003358	+0.020%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.472%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003357	−0.005%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003357	0.000%	$198K	$289K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003357	0.000%	$20K	$104K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003358	+0.030%	$64K	$252K	10x
Pacifica kBONK	+0.0100%	1h	0.000003357	0.000%	$114K	$117K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003358	+0.030%	$15.1M	$50.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003357	0.000%	$10.2M	$16.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003358	+0.030%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003355	−0.060%	$736K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003358	+0.030%	$10.2M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003357	long leg	$2.7M	$9.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.089%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003357	0.000%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003358	+0.030%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003353	−0.109%	$302K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003361	+0.119%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003361	+0.119%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003357	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003357	0.000%	$79K	$118K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003357	+0.003%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003357	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.634%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0726%	1h	0.000003365	+0.238%	$9.9M	$7.0M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1143%	1h	0.000003361	+0.118%	$204K	$159K	50x	as long as short