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 +0.010%

Price spread now: Aster against MEXC−0.010%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.010%, 7d avg +0.020%

Together, before fees+0.084%+ Points / potential airdropAster: Stage 5 · farm board+$8 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 0.030% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003398	0.0100	pay 0.0050% / 4h	3h 26m	$9.6M	$6.4M	125x
Short	Aster 1000BONKUSDT	0.000003398	0.0100	get 0.0050% / 4h	3h 26m	$65K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.020%: −$3.01
Slippage, 4 orders: −$55.37
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$66.38
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Aster: live order book, 20 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 MEXC live order book, 1 min ago	1.48 bp	4.0 bp −$4	11.3 bp −$113	89.0 bp −$8,900	138.5 bp −$69.2K
Sell Aster live order book, 20 min ago	8.95 bp	18.0 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	−0.0328%	1h	0.000003382	−0.471%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003397	−0.029%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0030%	4h	0.000003384	−0.412%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003388	−0.300%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003401	+0.088%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.649%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003398	−0.013%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003399	+0.029%	$200K	$280K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003398	−0.010%	$65K	$250K	10x
Pacifica kBONK	+0.0100%	1h	0.000003400	+0.059%	$117K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003404	+0.187%	$15.4M	$49.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003405	+0.209%	$10.3M	$16.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003400	+0.059%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003397	−0.029%	$749K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003398	long leg	$9.6M	$6.4M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003395	−0.088%	$2.7M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003398	0.000%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003400	+0.059%	—	$8.2M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003392	−0.177%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003407	+0.278%	$306K	$106K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003391	−0.206%	$57K	$692K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003397	−0.015%	$20K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003391	−0.206%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003388	−0.294%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003386	−0.353%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003401	+0.081%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003386	−0.353%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.713%	$566	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0341%	1h	0.000003388	−0.294%	$11K	$100K	10x	as long as short
Hyperliquid kBONK	+0.0593%	1h	0.000003404	+0.177%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1180%	1h	0.000003393	−0.156%	$206K	$182K	50x	as long as short