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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.005%
Price spread now: OKX against Reya+0.021%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 3 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 OKX is 0.021% dearer against Reya than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya kBONKRUSDPERP0.0000033360.0083pay 0.0010% / 1h7m 07s$415x
ShortOKX BONK-USDT-SWAP0.0000033370.0100get 0.0100% / 8h2h 07m$2.4M$7.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.021% → 0.000%
$2.07
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
−$10.32
Costs to cover
0.160%
Break-even
27.0 days
Slippage unknown: Reya: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago1.50 bp23.8 bp −$2462.6 bp −$626doesn'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
Deribit 1000BONK_USDC-PERPETUAL−0.0648%1h0.000003336−0.009%$2K$110K10xas long as short
Coinbase International 1000BONK-PERP-INTX−0.0320%1h0.000003332−0.129%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003338+0.051%$1.0M$13.1M75xas long as short
Orderly PERP_1000BONK_USDC−0.0049%4h0.000003335−0.039%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003339+0.069%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003345+0.250%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−1.868%$3K$1135.5xas long as short
Reya kBONKRUSDPERPlong+0.0083%1h0.000003336long leg$415x
Lighter 1000BONK+0.0096%1h0.000003339+0.081%$197K$290K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003336−0.009%$19K$108K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003341+0.133%$64K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003343+0.201%$114K$120K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003336−0.009%$14.9M$51.1M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003334−0.069%$10.1M$16.6M50xas long as short
OKX BONK-USDT-SWAPshort+0.0100%8h0.000003337+0.021%$2.4M$7.6M20x
Gate BONK_USDT+0.0100%4h0.000003337+0.021%$737K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003336−0.009%$10.0M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003337+0.021%$2.6M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003332−0.129%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003335−0.039%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003338+0.051%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003341+0.153%$301K$104Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003346+0.290%$57K$696K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003343+0.201%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003335−0.039%$2K$6K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003336−0.008%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003334−0.069%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.080%$558100xas long as short
HTX BONK-USDT+0.0563%4h0.000003376+1.190%$78K$123K30xas long as short
Hyperliquid kBONK+0.0735%1h0.000003344+0.231%$9.9M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.1150%1h0.000003341+0.139%$203K$148K50xas long as short