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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h 0.000%
Price spread now: Reya against MEXC−0.118%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 fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.118% cheaper against MEXC than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC 1000BONK_USDT0.0000035080.0100pay 0.0050% / 4h3h 27m$9.8M$7.4M125x
ShortReya kBONKRUSDPERP0.0000035040.0083get 0.0010% / 1h27m 30s$415x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
−$3.6
Price spread: −0.118% → 0.000%
−$11.82
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
−$21.42
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 6 min ago; Reya: 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 MEXC live order book, 6 min ago1.43 bp5.3 bp −$510.8 bp −$10876.0 bp −$7,595127.8 bp −$63.9K
Sell Reya no order-book sample
Reya: 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−0.0312%1h0.000003510+0.057%$44K$39K50xas long as short
dYdX BONK-USD0.0000%1h0.000003504−0.104%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003503−0.128%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.670%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0035%1h0.000003507−0.029%$6K$123K10xas long as short
Orderly PERP_1000BONK_USDC+0.0082%4h0.000003506−0.057%$30K$54K20xas long as short
Reya kBONKRUSDPERPshort+0.0083%1h0.000003504−0.118%$415x
Nado kBONK-PERP+0.0100%1h0.000003505−0.071%$40K$104K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003511+0.089%$81K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003506−0.057%$118K$107K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003508+0.004%$17.2M$62.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003506−0.068%$11.4M$19.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003503−0.143%$2.6M$9.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003504−0.114%$873K$2.8M50xas long as short
MEXC 1000BONK_USDTlong+0.0100%4h0.000003508long leg$9.8M$7.4M125x
KuCoin 1000BONKUSDTM+0.0100%4h0.000003506−0.054%$3.0M$10.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003506−0.057%$4.4M$3.2M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003506−0.057%$4.8Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003521+0.367%$327K$139Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003521+0.371%$59K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003514+0.171%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003506−0.057%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003516+0.228%$100K$121K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003503−0.143%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003499−0.257%$4K3xas long as short
BloFin 1000BONK-USDT+0.0113%4h0.000003512+0.114%$996K$16.4M75xas long as short
Lighter 1000BONK+0.0176%1h0.000003511+0.086%$246K$692K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−14.481%$586100xas long as short
Hyperliquid kBONK+0.0837%1h0.000003512+0.114%$10.4M$5.0M10xas long as short
Backpack kBONK_USDC_PERP+0.1397%1h0.000003510+0.057%$48K$16K10xas long as short
Kraken Futures PF_BONKUSD+0.2387%1h0.000003518+0.299%$224K$178K50xas long as short