Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.024% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BONK-USDT	0.000003376	0.0100	pay 0.0050% / 4h	53m 34s	$2K	$12K	20x
Short	Aster 1000BONKUSDT	0.000003377	0.0100	get 0.0050% / 4h	53m 34s	$78K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → 0.000%: $2.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.63
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.

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 SunX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	8.88 bp	21.1 bp −$21	307.6 bp −$3,076	doesn't fit	doesn't fit

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 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	−0.0320%	1h	0.000003350	−0.770%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003370	−0.178%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003372	−0.118%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003372	−0.113%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.021%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0068%	4h	0.000003374	−0.059%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003373	−0.075%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003373	−0.089%	$223K	$667K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003377	+0.024%	$78K	$250K	10x
Pacifica kBONK	+0.0100%	1h	0.000003371	−0.148%	$113K	$104K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003370	−0.178%	$16.2M	$58.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003366	−0.296%	$10.7M	$18.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003369	−0.207%	$2.5M	$8.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003369	−0.207%	$813K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003369	−0.207%	$9.3M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003374	−0.056%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003365	−0.326%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003370	−0.178%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003372	−0.120%	$307K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003360	−0.474%	$57K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003372	−0.104%	$27K	$96K	10x	as long as short
SunX BONK-USDTlong	+0.0100%	4h	0.000003376	long leg	$2K	$12K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003371	−0.148%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003378	+0.059%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003369	−0.219%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003375	−0.030%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0111%	4h	0.000003374	−0.059%	$961K	$15.0M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.137%	$564	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0210%	1h	0.000003374	−0.059%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0907%	1h	0.000003378	+0.059%	$10.0M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2494%	1h	0.000003379	+0.092%	$218K	$174K	50x	as long as short