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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%
Price spread now: Nado against BingX−0.059%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$630.625% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.032%−$3 on $10k
Price spread, last 4 days (all we have)+0.653%+$65 · spread now −0.059%, 7d avg +0.011%
Together, before fees+0.621%+ Points / potential airdropNado: Active · farm board+$62 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 0.070% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000BONK-USDT0.0000033990.0100pay 0.0050% / 4h1h 29m$4.7M
ShortNado kBONK-PERP0.0000033970.0100get 0.0012% / 1h29m 22s$27K$97K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$0
Price spread: −0.059% → +0.011%
−$6.99
Slippage, 4 orders
−$45.51
Fee BingX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$69.5
Costs to cover
0.625%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Nado: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago4.41 bp14.2 bp −$1425.1 bp −$25193.3 bp −$9,326610.5 bp −$305.2K
Sell Nado live order book, 24 min ago1.46 bp18.4 bp −$18doesn't fitdoesn't fitdoesn't fit

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−0.0336%1h0.000003404+0.147%$46K$32K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003411+0.353%$953K$15.1M75xas long as short
dYdX BONK-USD0.0000%1h0.000003405+0.186%$12K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003403+0.118%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003399−0.015%$23150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.678%$3K$1135.5xas long as short
Orderly PERP_1000BONK_USDC+0.0050%4h0.000003398−0.029%$29K$58K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003398−0.018%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003407+0.235%$225K$670K10xas long as short
Nado kBONK-PERPshort+0.0100%1h0.000003397−0.059%$27K$97K10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003401+0.059%$79K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003404+0.147%$114K$104K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003398−0.029%$16.0M$56.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003395−0.118%$10.8M$17.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003396−0.088%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003401+0.059%$845K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000033990.000%$9.6M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003400+0.024%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.0000033990.000%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDTlong+0.0100%4h0.000003399long leg$4.7M
Backpack kBONK_USDC_PERP+0.0100%1h0.000003407+0.235%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003409+0.288%$311K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003407+0.235%$57K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003411+0.353%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003404+0.147%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003411+0.353%$97K$119K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003398−0.043%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003406+0.206%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.739%$568100xas long as short
Hyperliquid kBONK+0.0774%1h0.000003407+0.235%$10.1M$4.7M10xas long as short
Kraken Futures PF_BONKUSD+0.2034%1h0.000003417+0.522%$221K$174K50xas long as short