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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h +0.086%
Price spread now: Extended against Orderly+0.018%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000BONK_USDC0.0000033510.0070pay 0.0035% / 4h47m 31s$29K$56K20x
ShortExtended 1000BONK-USD0.0000033520.0104get 0.0013% / 1h47m 31s$22K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$7.22
Price spread: +0.018% → 0.000%
$1.83
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1.96
Costs to cover
0.110%
Break-even
8.9 days
Slippage unknown: Orderly: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Extended no order-book sample
Orderly and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0320%1h0.000003340−0.328%$43K$33K50xas long as short
dYdX BONK-USD0.0000%1h0.000003349−0.048%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003351+0.003%$23150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.298%$3K$1135.5xas long as short
Orderly PERP_1000BONK_USDClong+0.0070%4h0.000003351long leg$29K$56K20x
Reya kBONKRUSDPERP+0.0083%1h0.000003353+0.058%$415xas long as short
Lighter 1000BONK+0.0096%1h0.0000033510.000%$222K$667K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003353+0.060%$26K$97K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003351−0.005%$77K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003350−0.030%$111K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003352+0.029%$16.1M$58.3M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003349−0.054%$10.6M$18.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.0000033510.000%$2.5M$8.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.0000033510.000%$811K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003357+0.179%$9.3M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003346−0.149%$2.5M$9.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.0000033510.000%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003349−0.060%$4.8Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003359+0.236%$306K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003350−0.030%$56K$705K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003356+0.149%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003352+0.030%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003361+0.298%$95K$119K30xas long as short
Extended 1000BONK-USDshort+0.0104%1h0.000003352+0.018%$22K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003346−0.149%$4K3xas long as short
BloFin 1000BONK-USDT+0.0111%4h0.000003347−0.119%$954K$14.9M75xas long as short
Backpack kBONK_USDC_PERP+0.0112%1h0.000003356+0.149%$29K$7K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−10.474%$561100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0346%1h0.000003356+0.149%$2K$110K10xas long as short
Hyperliquid kBONK+0.0820%1h0.000003355+0.119%$9.9M$4.8M10xas long as short
Kraken Futures PF_BONKUSD+0.2510%1h0.000003358+0.213%$217K$176K50xas long as short