Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against BingX−0.031%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.031%, 7d avg +0.028%

Together, before fees−0.003%+ Points / potential airdropAster: Stage 5 · farm board$0 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: Aster is 0.060% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003357	0.0100	pay 0.0050% / 4h	41m 08s	—	$4.8M	—
Short	Aster 1000BONKUSDT	0.000003356	0.0100	get 0.0050% / 4h	41m 08s	$78K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.028%: −$5.96
Slippage, 4 orders: −$70.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$94.62
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Aster: live order book, 16 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 BingX live order book, 9 min ago	4.47 bp	12.8 bp −$13	25.3 bp −$253	85.8 bp −$8,581	599.6 bp −$299.8K
Sell Aster live order book, 16 min ago	8.88 bp	21.1 bp −$21	307.6 bp −$3,076	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	−0.0320%	1h	0.000003335	−0.655%	$42K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003350	−0.198%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003354	−0.101%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.472%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0048%	1h	0.000003358	+0.030%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0069%	4h	0.000003356	−0.030%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003352	−0.151%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003360	+0.089%	$223K	$668K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003352	−0.134%	$26K	$97K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003356	−0.031%	$78K	$250K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003353	−0.119%	$112K	$106K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003360	+0.076%	$16.1M	$58.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003358	+0.030%	$10.6M	$18.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003361	+0.119%	$2.5M	$8.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003358	+0.030%	$814K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003359	+0.060%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003357	0.000%	$2.5M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003358	+0.030%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003357	long leg	—	$4.8M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003348	−0.272%	$305K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003347	−0.298%	$56K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003364	+0.209%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003356	−0.030%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003375	+0.536%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003355	−0.071%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003355	−0.060%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0132%	4h	0.000003356	−0.030%	$953K	$15.0M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−10.634%	$561	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0206%	1h	0.000003362	+0.149%	$29K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0695%	1h	0.000003369	+0.357%	$9.9M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2509%	1h	0.000003360	+0.078%	$217K	$177K	50x	as long as short