Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo+0.196%7-day average — · you sell dearer than you buy

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

Long on Aevo 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 0.196% dearer against Aevo than usual: you sell high and buy low, +$20 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	Aevo 1000BONK-PERP	0.000003396	0.0104	pay 0.0013% / 1h	47m 25s	$4K	—	3x
Short	Aster 1000BONKUSDT	0.000003403	0.0100	get 0.0050% / 4h	47m 25s	$47K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee AsterbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$0.84
Price spread: +0.196% → 0.000%: $19.58
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.26
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 57 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 57 min ago	10.16 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 exchanges

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
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003397	+0.038%	$23	—	150x	as long as short
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003377	−0.559%	$44K	$88K	50x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.592%	$3K	$57	5.5x	as long as short
dYdX BONK-USD	+0.0079%	1h	0.000003389	−0.203%	$13K	$12K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003401	+0.136%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003395	−0.029%	$227K	$754K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003403	+0.196%	$47K	$210K	10x
Pacifica kBONK	+0.0100%	1h	0.000003392	−0.118%	$113K	$150K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003402	+0.177%	$17.3M	$90.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003399	+0.080%	$11.7M	$26.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003399	+0.088%	$2.9M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003395	−0.029%	$899K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003407	+0.324%	$10.6M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003403	+0.206%	$2.8M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003403	+0.206%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003400	+0.118%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003389	−0.218%	$320K	$137K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003390	−0.177%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003399	+0.088%	$63K	$134K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003399	+0.088%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003394	−0.059%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003390	−0.177%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	−0.118%	$90K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003397	+0.040%	$21K	$5K	25x	as long as short
Aevo 1000BONK-PERPlong	+0.0104%	1h	0.000003396	long leg	$4K	—	3x
BloFin 1000BONK-USDT	+0.0142%	4h	0.000003384	−0.353%	$1.0M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.661%	$402	—	100x	as long as short
Hyperliquid kBONK	+0.0400%	1h	0.000003405	+0.265%	$11.6M	$8.2M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0636%	1h	0.000003389	−0.206%	$23K	$152K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1188%	1h	0.000003394	−0.059%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1407%	1h	0.000003392	−0.117%	$175K	$256K	50x	as long as short