Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.033%
Price spread now: dYdX against Backpack−0.012%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack kBONK_USDC_PERP0.0000033610.0100pay 0.0013% / 1h22m 19s$30K$7K10x
ShortdYdX BONK-USD0.0000033610get 0.0000% / 1h22m 19s$12K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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

Funding earned
−$21
Price spread: −0.012% → 0.000%
−$1.2
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$42.2
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Backpack: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack no order-book sample
Sell dYdX no order-book sample
Backpack and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0456%1h0.000003342−0.565%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003359−0.060%$1.0M$13.7M75xas long as short
Orderly PERP_1000BONK_USDC−0.0069%4h0.000003375+0.417%$29K$40K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003371+0.312%$1K150xas long as short
dYdX BONK-USDshort0.0000%1h0.000003361−0.012%$12K$3K10x
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003371+0.298%$2K$110K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.589%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003370+0.270%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003366+0.149%$189K$300K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003371+0.298%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003368+0.197%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003365+0.119%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003373+0.358%$15.3M$52.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003376+0.440%$10.3M$16.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003372+0.327%$2.5M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003368+0.208%$719K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000033610.000%$9.7M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003368+0.208%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003373+0.357%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003374+0.387%$8.0Mas long as short
Backpack kBONK_USDC_PERPlong+0.0100%1h0.000003361long leg$30K$7K10x
Variational Omni 1000BONK+0.0100%4h0.000003363+0.063%$303K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003359−0.060%$57K$702K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003362+0.030%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003356−0.149%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003360−0.030%$92K$153K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003367+0.177%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003374+0.387%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.741%$564100xas long as short
Hyperliquid kBONK+0.1248%1h0.000003378+0.506%$10.2M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.1456%1h0.000003365+0.126%$205K$150K50xas long as short