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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.2544%/8h= +278.6% APRnext payment +$3.18 per $10,000 · paid last 24h +0.193%
Price spread now: Kraken Futures against Aevo+0.212%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
Both sides work for this trade now. Funding pays +$76 a day on $10k at the current rate, and Kraken Futures is 0.212% dearer against Aevo than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000035040.0104pay 0.0013% / 1h46m 07s$4K3x
ShortKraken Futures PF_BONKUSD0.0000035110.2648get 0.0331% / 1h46m 07s$215K$218K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$534.26
Price spread: +0.212% → 0.000%
$21.2
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$529.46
Costs to cover
0.260%
Break-even
0.1 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Kraken Futures live order book, 1 min ago21.33 bp31.6 bp −$3287.7 bp −$877doesn't fitdoesn'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−0.0136%1h0.000003505+0.029%$43K$46K50xas long as short
dYdX BONK-USD0.0000%1h0.000003510+0.171%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003502−0.051%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.564%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0035%1h0.000003505+0.029%$9K$134K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003505+0.041%$415xas long as short
Orderly PERP_1000BONK_USDC+0.0091%4h0.000003505+0.029%$30K$53K20xas long as short
Lighter 1000BONK+0.0096%1h0.000003511+0.200%$248K$705K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003507+0.100%$42K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003513+0.265%$59K$299K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003511+0.200%$119K$122K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003509+0.132%$17.8M$70.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003506+0.046%$11.6M$21.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003506+0.057%$2.7M$11.3M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003505+0.029%$917K$3.0M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003507+0.086%$9.8M$8.0M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003507+0.086%$3.0M$10.3M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003506+0.057%$4.5M$3.8M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003507+0.086%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003501−0.075%$326K$141Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003487−0.485%$59K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003510+0.171%$2K$13K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003507+0.086%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003534+0.856%$101K$130K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003505+0.030%$23K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003504long leg$4K3x
BloFin 1000BONK-USDT+0.0114%4h0.000003512+0.228%$1.0M$17.5M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−14.384%$387100xas long as short
Hyperliquid kBONK+0.1664%1h0.000003515+0.314%$11.9M$6.3M10xas long as short
Backpack kBONK_USDC_PERP+0.1710%1h0.000003512+0.228%$46K$17K10xas long as short
Kraken Futures PF_BONKUSDshort+0.2648%1h0.000003511+0.212%$215K$218K50x