Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Nado against Binance−0.041%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.041%, 7d avg −0.014%

Together, before fees+0.237%+ Points / potential airdropNado: Active · farm board+$24 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: Nado is 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003402	0.0100	pay 0.0050% / 4h	45m 00s	$17.3M	$90.5M	75x
Short	Nado kBONK-PERP	0.000003400	0.0100	get 0.0012% / 1h	45m 00s	$63K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.014%: −$2.68
Slippage, 4 orders: −$33.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$53.22
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Nado: live order book, 60 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 Binance live order book, 6 min ago	1.47 bp	11.4 bp −$11	20.7 bp −$207	218.5 bp −$21.9K	doesn't fit
Sell Nado live order book, 60 min ago	2.91 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit

BONK on 31 exchanges

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
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003399	−0.088%	$23	—	150x	as long as short
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003377	−0.732%	$44K	$88K	50x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.760%	$3K	$57	5.5x	as long as short
dYdX BONK-USD	+0.0068%	1h	0.000003399	−0.082%	$13K	$12K	10x	as long as short
BloFin 1000BONK-USDT	+0.0081%	4h	0.000003402	+0.003%	$1.0M	$19.9M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003400	−0.052%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003408	+0.179%	$226K	$756K	10x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003400	−0.041%	$63K	$134K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003404	+0.062%	$47K	$210K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003402	+0.003%	$113K	$150K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003402	long leg	$17.3M	$90.5M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003401	−0.032%	$11.7M	$26.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003404	+0.062%	$2.9M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003400	−0.056%	$900K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003402	+0.003%	$10.7M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003404	+0.071%	$2.8M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.056%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003402	+0.003%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003394	−0.243%	$321K	$137K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003390	−0.350%	$57K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003400	−0.056%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003408	+0.179%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003403	+0.032%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003403	+0.032%	$90K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003403	+0.043%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003398	−0.115%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.814%	$403	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0338%	1h	0.000003402	+0.003%	$23K	$152K	10x	as long as short
Hyperliquid kBONK	+0.0413%	1h	0.000003408	+0.179%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1293%	1h	0.000003408	+0.179%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1401%	1h	0.000003406	+0.121%	$175K	$256K	50x	as long as short