Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.092%

Price spread now: Aevo against Orderly0.000%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_1000BONK_USDC	0.000003459	0.0078	pay 0.0039% / 4h	3h 59m	$30K	$55K	20x
Short	Aevo 1000BONK-PERP	0.000003459	0.0104	get 0.0013% / 1h	59m 17s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now 0.000%Rate

Funding earned: $5.41
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.59
Costs to cover: 0.220%
Break-even: 28.5 days

Slippage unknown: Orderly: no order-book sample; Aevo: 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and Aevo: 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	−0.0312%	1h	0.000003457	−0.058%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003456	−0.076%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003460	+0.017%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.348%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDClong	+0.0078%	4h	0.000003459	long leg	$30K	$55K	20x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003461	+0.056%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003461	+0.058%	$225K	$671K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003461	+0.056%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003461	+0.058%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003466	+0.204%	$16.8M	$60.4M	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	0.000003460	+0.029%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003457	−0.058%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003460	+0.029%	$838K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003467	+0.231%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003465	+0.162%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003457	−0.058%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003460	+0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.141%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003454	−0.145%	$58K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003461	+0.072%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003464	+0.145%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003459	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003469	+0.289%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003459	+0.001%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERPshort	+0.0104%	1h	0.000003459	0.000%	$4K	—	3x
BloFin 1000BONK-USDT	+0.0112%	4h	0.000003456	−0.087%	$972K	$15.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.270%	$579	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0328%	1h	0.000003461	+0.058%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0364%	1h	0.000003458	−0.029%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0425%	1h	0.000003467	+0.231%	$10.2M	$4.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2424%	1h	0.000003464	+0.149%	$224K	$177K	50x	as long as short