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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against BingX−0.113%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.113% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003512	0.0100	pay 0.0050% / 4h	3h 24m	—	$4.8M	—
Short	Extended 1000BONK-USD	0.000003508	0.0104	get 0.0013% / 1h	24m 13s	$23K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0.84
Price spread: −0.113% → 0.000%: −$11.34
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.5
Costs to cover: 0.150%
Break-even: 219.5 days

Slippage unknown: BingX: live order book, 11 min ago; Extended: 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 BingX live order book, 11 min ago	4.28 bp	13.6 bp −$14	23.6 bp −$236	72.4 bp −$7,244	590.8 bp −$295.4K
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0312%	1h	0.000003509	−0.085%	$44K	$39K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003511	−0.020%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003508	−0.125%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.777%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003508	−0.114%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003511	−0.033%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003514	+0.071%	$38K	$108K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003513	+0.032%	$81K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003515	+0.085%	$118K	$107K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003511	−0.031%	$17.4M	$63.1M	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	0.000003509	−0.085%	$11.4M	$19.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003513	+0.028%	$2.6M	$9.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003508	−0.114%	$877K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003510	−0.057%	$9.8M	$7.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003509	−0.085%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003510	−0.057%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003512	long leg	—	$4.8M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003522	+0.280%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003504	−0.228%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003516	+0.114%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003509	−0.085%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003517	+0.142%	$100K	$121K	30x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003508	−0.113%	$23K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003509	−0.085%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0125%	4h	0.000003516	+0.114%	$991K	$16.6M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.579%	$587	—	100x	as long as short
Lighter 1000BONK	+0.0200%	1h	0.000003514	+0.057%	$246K	$692K	10x	as long as short
Hyperliquid kBONK	+0.0837%	1h	0.000003523	+0.313%	$10.4M	$5.0M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0890%	1h	0.000003512	0.000%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1410%	1h	0.000003518	+0.171%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2388%	1h	0.000003516	+0.112%	$224K	$178K	50x	as long as short