Funding arb · Price arb /

BONK

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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 0.000%

Price spread now: Gate against Aster+0.148%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.148%, 7d avg −0.050%

Together, before fees−0.144%+ Points / potential airdropAster: Stage 5 · farm board−$14 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: Gate is 0.198% dearer against Aster than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003483	0.0100	pay 0.0050% / 4h	3h 52m	$80K	$251K	10x
Short	Gate BONK_USDT	0.000003488	0.0100	get 0.0050% / 4h	3h 52m	$865K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → −0.050%: $19.81
Slippage, 4 orders: −$75.44
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.63
Costs to cover: 0.984%
Break-even: never at this rate

Slippage from Aster: live order book, 64 min ago; Gate: live order book, 5 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, 64 min ago	8.88 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.89 bp	20.2 bp −$20	80.6 bp −$806	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	−0.0312%	1h	0.000003473	−0.283%	$43K	$37K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003481	−0.041%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003492	+0.251%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.997%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0077%	4h	0.000003490	+0.205%	$986K	$16.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0080%	4h	0.000003491	+0.234%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003488	+0.146%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003488	+0.148%	$227K	$671K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003489	+0.177%	$36K	$103K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003483	long leg	$80K	$251K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003487	+0.119%	$116K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003489	+0.184%	$16.8M	$60.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003488	+0.139%	$11.4M	$19.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003489	+0.177%	$2.6M	$9.4M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003488	+0.148%	$865K	$2.7M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003488	+0.148%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003486	+0.093%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003489	+0.177%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003491	+0.234%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003473	−0.286%	$316K	$134K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003502	+0.550%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003496	+0.378%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003497	+0.406%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003491	+0.221%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003491	+0.234%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.864%	$582	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0206%	1h	0.000003480	−0.082%	$59K	$704K	25x	as long as short
Hyperliquid kBONK	+0.0676%	1h	0.000003492	+0.263%	$10.3M	$4.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1085%	1h	0.000003498	+0.435%	$32K	$8K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1182%	1h	0.000003496	+0.378%	$6K	$123K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2398%	1h	0.000003502	+0.557%	$223K	$178K	50x	as long as short