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−0.0017%/8h= −1.9% APRpaid last 24h −0.005%
Price spread now: Reya against SunX−0.103%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 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.103% cheaper against SunX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BONK-USDT0.0000034500.0100pay 0.0050% / 4h2h 25m$2K$12K20x
ShortReya kBONKRUSDPERP0.0000034460.0083get 0.0010% / 1h25m 21s$415x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
−$3.6
Price spread: −0.103% → 0.000%
−$10.27
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
−$27.87
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SunX: no order-book sample; Reya: 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 SunX no order-book sample
Sell Reya no order-book sample
SunX and 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 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%1h0.000003369−2.348%$43K$26K50xas long as short
Orderly PERP_1000BONK_USDC−0.0006%4h0.000003446−0.116%$30K$58K20xas long as short
dYdX BONK-USD0.0000%1h0.000003448−0.049%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003447−0.099%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−5.101%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0040%1h0.000003447−0.087%$2K$110K10xas long as short
Reya kBONKRUSDPERPshort+0.0083%1h0.000003446−0.103%$415x
Lighter 1000BONK+0.0096%1h0.000003449−0.029%$232K$671K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003448−0.058%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003454+0.130%$67K$253K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003448−0.058%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003450−0.009%$16.2M$56.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003448−0.052%$11.0M$17.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003446−0.116%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003446−0.116%$763K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003448−0.058%$9.6M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003447−0.096%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003446−0.116%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003445−0.145%$4.7Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003458+0.230%$315K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003439−0.319%$58K$707K25xas long as short
SunX BONK-USDTlong+0.0100%4h0.000003450long leg$2K$12K20x
SoDEX 1000BONK-USD+0.0100%1h0.000003446−0.116%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003451+0.029%$98K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003445−0.157%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003446−0.116%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−13.043%$576100xas long as short
Backpack kBONK_USDC_PERP+0.0390%1h0.000003457+0.203%$31K$7K10xas long as short
Hyperliquid kBONK+0.0989%1h0.000003455+0.145%$10.3M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2037%1h0.000003458+0.226%$216K$165K50xas long as short