Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Aster+0.132%7-day average — · you sell dearer than you buy

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

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.132% dearer against Aster than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003522	0.0100	pay 0.0050% / 4h	2h 48m	$59K	$299K	10x
Short	gTrade (Gains Network) BONK/USD	0.000003526	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	48m 23s	$24	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.132%Rate

Funding earned: −$21.17
Price spread: +0.132% → 0.000%: $13.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$25.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 63 min ago; gTrade (Gains Network): 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, 63 min ago	10.02 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0136%	1h	0.000003509	−0.356%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003525	+0.109%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDshort	L +0.0001% / S +0.0001%	1h	0.000003526	+0.132%	$24	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.030%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003530	+0.252%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0089%	4h	0.000003509	−0.356%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003530	+0.240%	$249K	$704K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003522	long leg	$59K	$299K	10x
Pacifica kBONK	+0.0100%	1h	0.000003522	+0.013%	$119K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003529	+0.222%	$17.9M	$70.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003522	+0.016%	$11.6M	$21.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003533	+0.325%	$2.7M	$11.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003525	+0.098%	$923K	$3.0M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003527	+0.155%	$9.9M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003530	+0.251%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003529	+0.212%	$4.5M	$3.8M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003526	+0.126%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003490	−0.899%	$324K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003487	−0.981%	$59K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003529	+0.226%	$42K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003515	−0.186%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003501	−0.584%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003511	−0.300%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003527	+0.142%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003501	−0.584%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003509	−0.356%	$1.0M	$17.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.810%	$389	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0321%	1h	0.000003505	−0.470%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1666%	1h	0.000003539	+0.496%	$11.9M	$6.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1729%	1h	0.000003512	−0.271%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2653%	1h	0.000003504	−0.490%	$215K	$218K	50x	as long as short