Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%

Price spread now: Aster against Nado+0.126%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.787%−$79 · spread now +0.126%, 7d avg +0.017%

Together, before fees−0.755%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$75 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 0.109% dearer against Nado than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003412	0.0100	pay 0.0012% / 1h	41m 55s	$27K	$97K	10x
Short	Aster 1000BONKUSDT	0.000003417	0.0100	get 0.0050% / 4h	1h 41m	$79K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → +0.017%: $10.89
Slippage, 4 orders: −$80.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$84.19
Costs to cover: 0.951%
Break-even: 28740487240181.6 days

Slippage from Nado: live order book, 12 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 Nado live order book, 12 min ago	1.46 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 20 min ago	5.79 bp	20.2 bp −$20	216.9 bp −$2,169	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	−0.0336%	1h	0.000003381	−0.923%	$46K	$31K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003420	+0.220%	$955K	$15.2M	75x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003418	+0.171%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003408	−0.132%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003412	−0.026%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.059%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0039%	4h	0.000003409	−0.103%	$29K	$58K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003411	−0.046%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003416	+0.103%	$225K	$670K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003412	long leg	$27K	$97K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003417	+0.126%	$79K	$256K	10x
Pacifica kBONK	+0.0100%	1h	0.000003419	+0.190%	$115K	$115K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003403	−0.265%	$16.1M	$56.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003405	−0.229%	$10.8M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003400	−0.366%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003404	−0.249%	$849K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003404	−0.249%	$9.9M	$7.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003405	−0.220%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003406	−0.190%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003406	−0.190%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003392	−0.589%	$308K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003400	−0.366%	$57K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003415	+0.073%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003411	−0.044%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003422	+0.278%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003400	−0.378%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003409	−0.103%	$4K	—	3x	as long as short
Backpack kBONK_USDC_PERP	+0.0112%	1h	0.000003412	−0.015%	$30K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.088%	$571	—	100x	as long as short
Hyperliquid kBONK	+0.0696%	1h	0.000003418	+0.161%	$10.1M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2032%	1h	0.000003420	+0.219%	$221K	$174K	50x	as long as short