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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.028%
Price spread now: dYdX against Pacifica−0.047%7-day average · you buy dearer than you sell
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 airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.047% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kBONK0.0000034510.0100pay 0.0013% / 1h26m 59s$115K$123K10x
ShortdYdX BONK-USD0.0000034490get 0.0000% / 1h26m 59s$13K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21
Price spread: −0.047% → 0.000%
−$4.66
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$43.66
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 41 min ago; dYdX: 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 Pacifica live order book, 41 min ago5.87 bp24.6 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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%1h0.000003369−2.376%$43K$26K50xas long as short
Orderly PERP_1000BONK_USDC−0.0007%4h0.0000034510.000%$30K$59K20xas long as short
dYdX BONK-USDshort0.0000%1h0.000003449−0.047%$13K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003453+0.046%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−5.129%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003455+0.114%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003455+0.130%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003455+0.109%$67K$253K10xas long as short
Pacifica kBONKlong+0.0100%1h0.000003451long leg$115K$123K10x
Binance 1000BONKUSDT+0.0100%4h0.000003452+0.037%$16.2M$56.6M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003451−0.012%$11.0M$17.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003452+0.029%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003449−0.058%$761K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003452+0.029%$9.6M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.0000034510.000%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003450−0.029%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003452+0.029%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003437−0.392%$313K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003439−0.348%$58K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003460+0.261%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003453+0.058%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003440−0.319%$97K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003450−0.041%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003450−0.029%$4K3xas long as short
Lighter 1000BONK+0.0120%1h0.000003456+0.145%$233K$671K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−13.069%$577100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0329%1h0.000003453+0.058%$2K$110K10xas long as short
Backpack kBONK_USDC_PERP+0.0378%1h0.000003455+0.116%$31K$7K10xas long as short
Hyperliquid kBONK+0.0980%1h0.000003460+0.261%$10.3M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2034%1h0.000003464+0.382%$216K$165K50xas long as short