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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.4236%/8h= +463.8% APRnext payment +$5.29 per $10,000 · paid last 24h +0.615%
Price spread now: GMX against Aevo−14.261%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 feesneeds both histories
Funding pays, the price is against you. GMX is 14.261% cheaper against Aevo than usual: you would sell low and buy high (spread −14.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,426 on $10k: about 11 days of funding at the current rate (+$127 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000034990.0104pay 0.0013% / 1h45m 01s$4K3x
ShortGMX BONK/USD [ETH-USDC]0.000003000L +0.0197% / S −0.4340%get 0.0542% / 1h45m 01s$584100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$889.53
Price spread: −14.261% → 0.000%
−$1,426.12
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$564.59
Costs to cover
0.280%
Break-even
11.4 days
Slippage unknown: Aevo: no order-book sample; GMX: 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 Aevo no order-book sample
Sell GMX no order-book sample
Aevo and GMX: 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−0.0312%1h0.000003488−0.314%$44K$38K50xas long as short
dYdX BONK-USD0.0000%1h0.000003490−0.247%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003499+0.003%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.430%$3K$1135.5xas long as short
BloFin 1000BONK-USDT+0.0049%4h0.000003503+0.114%$989K$16.1M75xas long as short
Orderly PERP_1000BONK_USDC+0.0081%4h0.000003500+0.029%$30K$55K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003497−0.059%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003504+0.143%$234K$679K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003494−0.129%$36K$102K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003503+0.109%$81K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003489−0.286%$116K$105K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003498−0.026%$17.0M$61.1M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003498−0.026%$11.4M$19.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003494−0.143%$2.6M$9.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.0000034990.000%$867K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003498−0.029%$9.6M$7.3M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003498−0.023%$3.1M$10.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003495−0.114%$4.4M$3.2M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003500+0.029%$4.6Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003488−0.318%$323K$138Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003487−0.343%$59K$705K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003498−0.029%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003503+0.114%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003506+0.200%$99K$120K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003495−0.128%$23K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003499long leg$4K3x
GMX BONK/USD [ETH-USDC]shortL +0.0197% / S −0.4340%1h0.000003000−14.261%$584100x
Deribit 1000BONK_USDC-PERPETUAL+0.0607%1h0.000003505+0.171%$6K$123K10xas long as short
Hyperliquid kBONK+0.0817%1h0.000003503+0.114%$10.3M$4.9M10xas long as short
Backpack kBONK_USDC_PERP+0.0954%1h0.000003503+0.114%$32K$8K10xas long as short
Kraken Futures PF_BONKUSD+0.2393%1h0.000003509+0.273%$224K$178K50xas long as short