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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.063%

Price spread now: Nado against Orderly+0.271%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 Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: 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: Nado is 0.271% dearer against Orderly than usual: you sell high and buy low, +$27 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	Orderly PERP_1000BONK_USDC	0.000003503	0.0100	pay 0.0050% / 4h	3h 54m	$30K	$51K	20x
Short	Nado kBONK-PERP	0.000003512	0.0100	get 0.0012% / 1h	54m 13s	$70K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → 0.000%: $27.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $14.12
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 14 min ago. 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 Nado live order book, 14 min ago	2.83 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit

Orderly: 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	−0.0024%	1h	0.000003505	+0.057%	$42K	$68K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003510	+0.200%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003501	−0.054%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.537%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003509	+0.184%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0089%	4h	0.000003513	+0.285%	$1.1M	$20.4M	75x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003512	+0.271%	$70K	$139K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003509	+0.184%	$58K	$334K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003512	+0.257%	$117K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003505	+0.057%	$18.4M	$89.0M	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	0.000003501	−0.043%	$12.3M	$27.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003506	+0.086%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003510	+0.200%	$933K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003505	+0.057%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003505	+0.057%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	+0.086%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003507	+0.114%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003526	+0.654%	$331K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003528	+0.714%	$59K	$704K	25x	as long as short
Orderly PERP_1000BONK_USDClong	+0.0100%	4h	0.000003503	long leg	$30K	$51K	20x
SunX BONK-USDT	+0.0100%	4h	0.000003510	+0.200%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003506	+0.086%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003517	+0.400%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003503	0.000%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003500	−0.086%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.359%	$535	—	100x	as long as short
Lighter 1000BONK	+0.0280%	1h	0.000003509	+0.171%	$245K	$756K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0321%	1h	0.000003503	0.000%	$34K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0697%	1h	0.000003515	+0.343%	$12.0M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2297%	1h	0.000003513	+0.285%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2959%	1h	0.000003509	+0.160%	$179K	$275K	50x	as long as short