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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against OKX−0.125%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.125% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003522	0.0100	pay 0.0100% / 8h	2h 36m	$2.8M	$11.5M	20x
Short	Extended 1000BONK-USD	0.000003518	0.0104	get 0.0013% / 1h	36m 56s	$23K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0.84
Price spread: −0.125% → 0.000%: −$12.51
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.67
Costs to cover: 0.150%
Break-even: 229.2 days

Slippage unknown: OKX: live order book, 1 min ago; Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 1 min ago	1.43 bp	13.6 bp −$14	47.6 bp −$476	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0136%	1h	0.000003479	−1.221%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003505	−0.470%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003519	−0.080%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.041%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003518	−0.100%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0091%	4h	0.000003518	−0.114%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003518	−0.099%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003519	−0.086%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003509	−0.369%	$117K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003524	+0.057%	$17.9M	$71.0M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003512	−0.278%	$11.6M	$22.1M	50x	as long as short
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003522	long leg	$2.8M	$11.5M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003517	−0.142%	$930K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003522	0.000%	$9.9M	$8.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003519	−0.091%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003514	−0.227%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003516	−0.170%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003496	−0.739%	$328K	$141K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003525	+0.085%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003521	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003521	−0.028%	$100K	$129K	30x	as long as short
BloFin 1000BONK-USDT	+0.0103%	4h	0.000003523	+0.028%	$1.0M	$17.8M	75x	as long as short
Lighter 1000BONK	+0.0104%	1h	0.000003523	+0.028%	$249K	$708K	10x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003518	−0.125%	$23K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003511	−0.312%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.821%	$389	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0198%	1h	0.000003489	−0.937%	$59K	$705K	25x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0603%	1h	0.000003520	−0.057%	$9K	$134K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1642%	1h	0.000003528	+0.170%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1658%	1h	0.000003527	+0.142%	$11.9M	$6.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2633%	1h	0.000003531	+0.266%	$217K	$218K	50x	as long as short