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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.04 per $10,000 · paid last 24h −0.075%
Price spread now: Orderly against KuCoin+0.020%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 7 days−0.541%−$54 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 1000BONKUSDTM0.0000035210.0100pay 0.0050% / 4h2h 35m$3.0M$10.3M75x
ShortOrderly PERP_1000BONK_USDC0.0000035220.0092get 0.0046% / 4h2h 35m$30K$53K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$1.73
Price spread: +0.020% → 0.000%
$1.99
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$17.75
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 8 min ago; Orderly: 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 KuCoin live order book, 8 min ago2.84 bp34.6 bp −$35425.4 bp −$4,254doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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−0.0136%1h0.000003479−1.201%$43K$47K50xas long as short
dYdX BONK-USD0.0000%1h0.000003520−0.037%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003515−0.187%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−7.023%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003517−0.109%$415xas long as short
Orderly PERP_1000BONK_USDCshort+0.0092%4h0.000003522+0.020%$30K$53K20x
Nado kBONK-PERP+0.0100%1h0.000003518−0.080%$42K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003512−0.263%$59K$299K10xas long as short
Pacifica kBONK+0.0100%1h0.000003519−0.065%$117K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003512−0.263%$17.9M$71.0M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003510−0.327%$11.5M$22.2M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003510−0.321%$2.8M$11.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003519−0.065%$931K$3.1M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003523+0.048%$9.9M$8.1M125xas long as short
KuCoin 1000BONKUSDTMlong+0.0100%4h0.000003521long leg$3.0M$10.3M75x
Bitget 1000BONKUSDT+0.0100%4h0.000003518−0.094%$4.5M$3.9M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003519−0.065%$4.9Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003510−0.322%$326K$141Kas long as short
SunX BONK-USDT+0.0100%4h0.000003520−0.037%$2K$13K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003521−0.009%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003525+0.105%$100K$129K30xas long as short
Lighter 1000BONK+0.0104%1h0.000003524+0.077%$249K$708K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003521−0.007%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003518−0.094%$4K3xas long as short
ApeX Omni 1000BONKUSDT+0.0134%1h0.000003514−0.207%$59K$705K25xas long as short
BloFin 1000BONK-USDT+0.0145%4h0.000003523+0.048%$1.0M$17.8M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−14.804%$388100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0602%1h0.000003523+0.048%$9K$134K10xas long as short
Backpack kBONK_USDC_PERP+0.1659%1h0.000003523+0.048%$46K$17K10xas long as short
Hyperliquid kBONK+0.1662%1h0.000003523+0.048%$11.9M$6.5M10xas long as short
Kraken Futures PF_BONKUSD+0.2636%1h0.000003527+0.158%$216K$218K50xas long as short