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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.022%
Price spread now: BloFin against Aevo+0.138%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.138% dearer against Aevo than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000036190.0104pay 0.0013% / 1h29m 01s$4K3x
ShortBloFin 1000BONK-USDT0.0000036240.0110get 0.0055% / 4h1h 29m$1.1M$19.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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
$1.16
Price spread: +0.138% → 0.000%
$13.82
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$13.03
Costs to cover
0.280%
Break-even
85.7 days
Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 5 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 Aevo no order-book sample
Sell BloFin live order book, 5 min ago4.12 bp11.3 bp −$1121.1 bp −$21173.8 bp −$7,382doesn'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 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−0.0016%1h0.000003622+0.083%$46K$62K50xas long as short
dYdX BONK-USD0.0000%1h0.000003607−0.320%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003608−0.298%$25150xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0026%1h0.000003622+0.083%$25K$165K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−9.533%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003622+0.095%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003619+0.014%$55K$123K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003624+0.138%$60K$303K10xas long as short
Pacifica kBONK+0.0100%1h0.000003635+0.442%$121K$138K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003621+0.047%$18.7M$79.5M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003617−0.053%$12.5M$24.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003618−0.028%$3.0M$13.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.0000036190.000%$962K$3.4M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003620+0.028%$12.1M$9.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003621+0.044%$3.1M$10.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003618−0.028%$4.7M$4.7M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003622+0.083%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003605−0.390%$338K$146Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003644+0.691%$61K$706K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.0000036190.000%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003624+0.138%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003625+0.166%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003624+0.138%$103K$131K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003620+0.031%$23K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003619long leg$4K3x
BloFin 1000BONK-USDTshort+0.0110%4h0.000003624+0.138%$1.1M$19.3M75x
Lighter 1000BONK+0.0160%1h0.000003628+0.249%$253K$747K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−17.104%$551100xas long as short
Hyperliquid kBONK+0.1251%1h0.000003627+0.221%$12.4M$7.8M10xas long as short
Backpack kBONK_USDC_PERP+0.1751%1h0.000003626+0.193%$56K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2968%1h0.000003637+0.510%$224K$222K50xas long as short