Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Aster−0.161%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.161% cheaper against Aster than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003541	0.0100	pay 0.0050% / 4h	17m 18s	$59K	$321K	10x
Short	dYdX BONK-USD	0.000003535	0	get 0.0000% / 1h	17m 18s	$13K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$21
Price spread: −0.161% → 0.000%: −$16.12
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$55.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 20 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 20 min ago	8.45 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0040%	1h	0.000003532	−0.254%	$43K	$66K	50x	as long as short
dYdX BONK-USDshort	0.0000%	1h	0.000003535	−0.161%	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003539	−0.065%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.540%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003539	−0.044%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003539	−0.042%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003541	long leg	$59K	$321K	10x
Pacifica kBONK	+0.0100%	1h	0.000003537	−0.113%	$119K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003541	0.000%	$18.6M	$87.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003538	−0.085%	$12.4M	$26.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003543	+0.056%	$3.0M	$15.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003538	−0.085%	$952K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003541	0.000%	$11.2M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003539	−0.056%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003531	−0.282%	$4.5M	$5.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003540	−0.028%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003531	−0.272%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003534	−0.198%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003539	−0.056%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003548	+0.198%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003538	−0.085%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003538	−0.085%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003537	−0.111%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003534	−0.198%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0146%	4h	0.000003543	+0.056%	$1.1M	$20.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.278%	$538	—	100x	as long as short
Lighter 1000BONK	+0.0440%	1h	0.000003540	−0.028%	$248K	$768K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0882%	1h	0.000003538	−0.085%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.1000%	1h	0.000003545	+0.113%	$12.1M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1680%	1h	0.000003532	−0.254%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4496%	1h	0.000003544	+0.097%	$181K	$275K	50x	as long as short