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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.53 per $10,000 · paid last 24h +0.092%
Price spread now: SunX against Orderly+0.349%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.349% dearer against Orderly than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000BONK_USDC0.000003435−0.0005get 0.0003% / 4h2h 23m$29K$58K20x
ShortSunX BONK-USDT0.0000034470.0100get 0.0050% / 4h2h 23m$2K$12K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$22.1
Price spread: +0.349% → 0.000%
$34.93
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
$43.03
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; SunX: 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 SunX no order-book sample
Orderly and SunX: 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 30 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−0.0336%1h0.000003437+0.058%$44K$27K50xas long as short
Orderly PERP_1000BONK_USDClong−0.0005%4h0.000003435long leg$29K$58K20x
dYdX BONK-USD0.0000%1h0.000003441+0.186%$13K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.0000034350.000%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003434−0.026%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.687%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003432−0.089%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003438+0.087%$232K$671K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003434−0.029%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003440+0.133%$66K$253K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003442+0.204%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003440+0.151%$16.2M$56.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003439+0.116%$11.0M$17.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003440+0.146%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003436+0.029%$760K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003440+0.146%$9.5M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003440+0.146%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003438+0.087%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003440+0.146%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003458+0.668%$315K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003448+0.378%$58K$709K25xas long as short
SunX BONK-USDTshort+0.0100%4h0.000003447+0.349%$2K$12K20x
SoDEX 1000BONK-USD+0.0100%1h0.0000034350.000%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003460+0.728%$98K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003439+0.119%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003437+0.058%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−12.664%$574100xas long as short
Backpack kBONK_USDC_PERP+0.0371%1h0.000003439+0.116%$30K$7K10xas long as short
Hyperliquid kBONK+0.0992%1h0.000003449+0.408%$10.2M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2044%1h0.000003446+0.318%$215K$165K50xas long as short