Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: OKX against Aevo0.000%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 OKX

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000BONK-PERP	0.000003378	0.0104	pay 0.0013% / 1h	0m 53s	$4K	—	3x
Short	OKX BONK-USDT-SWAP	0.000003378	0.0100	get 0.0100% / 8h	7h 00m	$2.5M	$8.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee AevobpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.84
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	1.47 bp	19.0 bp −$19	60.7 bp −$607	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 venues

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
Coinbase International 1000BONK-PERP-INTX	−0.0376%	1h	0.000003378	0.000%	$43K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003382	+0.118%	$939K	$14.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0030%	4h	0.000003380	+0.059%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003391	+0.397%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003380	+0.059%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003383	+0.154%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.079%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003388	+0.295%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003381	+0.099%	$65K	$252K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003394	+0.474%	$113K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003376	−0.073%	$15.8M	$54.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003373	−0.157%	$10.6M	$17.4M	50x	as long as short
OKX BONK-USDT-SWAPshort	+0.0100%	8h	0.000003378	0.000%	$2.5M	$8.0M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003375	−0.089%	$720K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003373	−0.148%	$9.8M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003378	−0.006%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003376	−0.059%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003376	−0.059%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003383	+0.145%	$308K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003392	+0.414%	$57K	$709K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003387	+0.281%	$24K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003384	+0.178%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003378	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003389	+0.326%	$95K	$159K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003378	−0.012%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERPlong	+0.0104%	1h	0.000003378	long leg	$4K	—	3x
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.190%	$566	—	100x	as long as short
Lighter 1000BONK	+0.0408%	1h	0.000003385	+0.207%	$351K	$476K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0430%	1h	0.000003381	+0.089%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0587%	1h	0.000003385	+0.207%	$9.6M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1471%	1h	0.000003387	+0.269%	$211K	$165K	50x	as long as short