Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against SunX−0.206%7-day average — · you buy dearer than you sell

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

Long on SunX Short on KuCoin

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.206% cheaper against SunX than usual: you would sell low and buy high, −$21 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	0.000003405	0.0100	pay 0.0050% / 4h	47m 13s	$2K	$12K	20x
Short	KuCoin 1000BONKUSDTM	0.000003398	0.0100	get 0.0050% / 4h	47m 13s	$2.7M	$9.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → 0.000%: −$20.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.56
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	2.95 bp	22.8 bp −$23	130.0 bp −$1,300	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	−0.0456%	1h	0.000003342	−1.850%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003402	−0.088%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0082%	4h	0.000003400	−0.147%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003399	−0.179%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003400	−0.160%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.847%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003401	−0.117%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003399	−0.174%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003402	−0.088%	$190K	$299K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003400	−0.132%	$20K	$105K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.167%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003400	−0.147%	$115K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.147%	$15.4M	$52.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.206%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003401	−0.117%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003398	−0.206%	$729K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003399	−0.176%	$9.8M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003398	−0.206%	$2.7M	$9.9M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.206%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003399	−0.176%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003393	−0.350%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003399	−0.176%	$57K	$699K	25x	as long as short
SunX BONK-USDTlong	+0.0100%	4h	0.000003405	long leg	$2K	$12K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003403	−0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003410	+0.147%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003401	−0.121%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003398	−0.206%	$4K	—	3x	as long as short
Backpack kBONK_USDC_PERP	+0.0187%	1h	0.000003398	−0.206%	$30K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.894%	$568	—	100x	as long as short
Hyperliquid kBONK	+0.1297%	1h	0.000003407	+0.059%	$10.2M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1438%	1h	0.000003407	+0.053%	$207K	$149K	50x	as long as short