Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Aster against Pacifica+0.494%48s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1091.092% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.473%−$47 · spread now +0.494%, 7d avg +0.018%

Together, before fees−0.488%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.476% dearer against Pacifica than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003612	0.0100	pay 0.0013% / 1h	50m 51s	$121K	$133K	10x
Short	Aster 1000BONKUSDT	0.000003630	0.0100	get 0.0050% / 4h	1h 50m	$61K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.494%Rate

Funding earned: $0
Price spread: +0.494% → +0.018%: $47.56
Slippage, 4 orders: −$93.24
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.69
Costs to cover: 1.092%
Break-even: never at this rate

Slippage from Pacifica: live order book, 57 min ago; Aster: live order book, 56 min ago.

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 Pacifica live order book, 57 min ago	4.27 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 56 min ago	12.80 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit

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	−0.0016%	1h	0.000003606	−0.166%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003611	−0.017%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003622	+0.280%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.358%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003623	+0.303%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0085%	4h	0.000003627	+0.415%	$1.1M	$19.0M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003624	+0.332%	$51K	$119K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003630	+0.494%	$61K	$301K	10x
Pacifica kBONKlong	+0.0100%	1h	0.000003612	long leg	$121K	$133K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003635	+0.628%	$18.7M	$76.6M	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	0.000003634	+0.609%	$12.3M	$23.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003637	+0.692%	$3.0M	$13.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003634	+0.609%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003633	+0.581%	$11.1M	$8.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003632	+0.565%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003635	+0.637%	$4.7M	$4.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003633	+0.581%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003625	+0.357%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003624	+0.332%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003621	+0.249%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003630	+0.498%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003628	+0.443%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003631	+0.526%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003632	+0.554%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003624	+0.332%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.944%	$398	—	100x	as long as short
Lighter 1000BONK	+0.0360%	1h	0.000003636	+0.664%	$254K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0578%	1h	0.000003628	+0.443%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1294%	1h	0.000003644	+0.886%	$12.1M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1606%	1h	0.000003640	+0.775%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2966%	1h	0.000003640	+0.773%	$224K	$219K	50x	as long as short