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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.005%
Price spread now: KuCoin against Reya+0.133%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.133% dearer against Reya than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya kBONKRUSDPERP0.0000034080.0083pay 0.0010% / 1h28m 09s$415x
ShortKuCoin 1000BONKUSDTM0.0000034130.0100get 0.0050% / 4h3h 28m$2.9M$11.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Reya. 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
$3.6
Price spread: +0.133% → 0.000%
$13.31
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1.09
Costs to cover
0.180%
Break-even
9.1 days
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 10 min ago. 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 Reya no order-book sample
Sell KuCoin live order book, 10 min ago2.86 bp23.4 bp −$23128.7 bp −$1,287doesn't fitdoesn't fit
Reya: 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−0.0024%1h0.000003404−0.131%$46K$81K50xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003409+0.022%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.945%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0043%1h0.000003412+0.104%$33K$164K10xas long as short
Reya kBONKRUSDPERPlong+0.0083%1h0.000003408long leg$415x
Nado kBONK-PERP+0.0100%1h0.000003407−0.028%$65K$142K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003413+0.145%$47K$323K10xas long as short
Pacifica kBONK+0.0100%1h0.000003403−0.160%$113K$163K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003413+0.138%$17.6M$90.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003411+0.080%$12.1M$27.5M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003418+0.280%$3.0M$14.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003409+0.016%$899K$3.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003414+0.162%$11.1M$10.5M125xas long as short
KuCoin 1000BONKUSDTMshort+0.0100%4h0.000003413+0.133%$2.9M$11.1M75x
Bitget 1000BONKUSDT+0.0100%4h0.000003410+0.045%$4.4M$5.4M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003412+0.104%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003433+0.718%$322K$94Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003432+0.691%$58K$700K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003412+0.104%$29K$51K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003417+0.250%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003412+0.104%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003408−0.014%$97K$138K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003411+0.063%$22K$5K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003410+0.045%$4K3xas long as short
BloFin 1000BONK-USDT+0.0126%4h0.000003411+0.074%$1.1M$19.5M75xas long as short
dYdX BONK-USD+0.0194%1h0.000003399−0.264%$13K$11K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−11.984%$520100xas long as short
Lighter 1000BONK+0.0248%1h0.000003417+0.250%$243K$765K10xas long as short
Hyperliquid kBONK+0.0563%1h0.000003410+0.045%$11.6M$8.3M10xas long as short
Backpack kBONK_USDC_PERP+0.1710%1h0.000003421+0.368%$53K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.3037%1h0.000003418+0.290%$173K$273K50xas long as short