Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Binance against Aster−0.063%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$650.645% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.063%, 7d avg −0.016%

Together, before fees−0.098%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003372	0.0100	pay 0.0050% / 4h	26m 47s	$65K	$251K	10x
Short	Binance 1000BONKUSDT	0.000003370	0.0100	get 0.0050% / 4h	26m 47s	$15.2M	$52.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.016%: −$4.72
Slippage, 4 orders: −$46.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.22
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Aster: live order book, 50 min ago; Binance: live order book, 15 min ago.

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 Aster live order book, 50 min ago	10.39 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.48 bp	6.8 bp −$7	19.7 bp −$197	99.4 bp −$9,944	doesn't fit

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	−0.0456%	1h	0.000003342	−0.889%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003370	−0.058%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0070%	4h	0.000003369	−0.088%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003368	−0.106%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003366	−0.165%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003368	−0.117%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.905%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003367	−0.144%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003371	−0.028%	$189K	$300K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003368	−0.103%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003372	long leg	$65K	$251K	10x
Pacifica kBONK	+0.0100%	1h	0.000003368	−0.117%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003370	−0.063%	$15.2M	$52.4M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003370	−0.052%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003368	−0.117%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003370	−0.058%	$724K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	−0.058%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003370	−0.061%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003368	−0.117%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003370	−0.058%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003373	+0.031%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003372	+0.005%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003370	−0.058%	$57K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003373	+0.031%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003367	−0.147%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003371	−0.028%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003369	−0.091%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003367	−0.147%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.031%	$563	—	100x	as long as short
Hyperliquid kBONK	+0.1255%	1h	0.000003376	+0.120%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1454%	1h	0.000003371	−0.017%	$205K	$150K	50x	as long as short