Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Aster−0.102%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.102%, 7d avg −0.052%

Together, before fees+0.154%+ Points / potential airdropAster: Stage 5 · farm board+$15 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: Bitget is 0.051% 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 −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003489	0.0100	pay 0.0050% / 4h	2h 54m	$58K	$299K	10x
Short	Bitget 1000BONKUSDT	0.000003485	0.0100	get 0.0050% / 4h	2h 54m	$4.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.052%: −$5.08
Slippage, 4 orders: −$70.29
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.37
Costs to cover: 0.903%
Break-even: never at this rate

Slippage from Aster: live order book, 57 min ago; Bitget: live order book, 4 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, 57 min ago	10.02 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.28 bp	15.1 bp −$15	43.0 bp −$430	doesn't fit	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	−0.0136%	1h	0.000003477	−0.332%	$43K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003483	−0.148%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003487	−0.042%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.151%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0037%	1h	0.000003489	+0.012%	$9K	$134K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003489	+0.010%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0084%	4h	0.000003489	+0.012%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003493	+0.141%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003489	long leg	$58K	$299K	10x
Pacifica kBONK	+0.0100%	1h	0.000003487	−0.045%	$116K	$120K	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	0.000003486	−0.069%	$17.7M	$69.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003483	−0.160%	$11.5M	$21.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003491	+0.070%	$2.7M	$11.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003488	−0.016%	$910K	$3.0M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003485	−0.102%	$9.7M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003487	−0.048%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003485	−0.102%	$4.4M	$3.8M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003488	−0.016%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003504	+0.439%	$325K	$141K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003495	+0.184%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003490	+0.041%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003499	+0.299%	$99K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003489	0.000%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003487	−0.045%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0112%	1h	0.000003494	+0.156%	$246K	$703K	10x	as long as short
BloFin 1000BONK-USDT	+0.0117%	4h	0.000003487	−0.045%	$1.0M	$17.3M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.005%	$385	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.1592%	1h	0.000003512	+0.672%	$59K	$705K	25x	as long as short
Hyperliquid kBONK	+0.1625%	1h	0.000003500	+0.328%	$11.5M	$6.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1784%	1h	0.000003495	+0.184%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2658%	1h	0.000003498	+0.272%	$215K	$218K	50x	as long as short