Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against Bitget−0.064%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$970.965% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.064%, 7d avg +0.052%

Together, before fees+0.012%+ Points / potential airdropAster: Stage 5 · farm board+$1 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 0.116% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003546	0.0100	pay 0.0050% / 4h	3h 02m	$4.5M	$3.6M	75x
Short	Aster 1000BONKUSDT	0.000003544	0.0100	get 0.0050% / 4h	3h 02m	$67K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.052%: −$11.56
Slippage, 4 orders: −$76.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$108.08
Costs to cover: 0.965%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 49 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 Bitget live order book, 5 min ago	5.58 bp	19.7 bp −$20	41.8 bp −$418	doesn't fit	doesn't fit
Sell Aster live order book, 49 min ago	10.02 bp	20.0 bp −$20	doesn't fit	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	−0.0312%	1h	0.000003553	+0.197%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003560	+0.395%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003561	+0.429%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0031%	1h	0.000003562	+0.451%	$9K	$133K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.671%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003565	+0.536%	$31K	$53K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003562	+0.463%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003560	+0.409%	$43K	$111K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003544	−0.064%	$67K	$290K	10x
Pacifica kBONK	+0.0100%	1h	0.000003561	+0.423%	$122K	$113K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003549	+0.089%	$17.9M	$67.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003544	−0.048%	$11.7M	$21.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003545	−0.028%	$2.6M	$10.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003548	+0.056%	$924K	$2.9M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003552	+0.169%	$9.9M	$7.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003554	+0.223%	$3.1M	$10.2M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003546	long leg	$4.5M	$3.6M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003546	0.000%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003590	+1.237%	$333K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003591	+1.269%	$60K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003564	+0.508%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003560	+0.395%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003561	+0.423%	$101K	$127K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003551	+0.129%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003563	+0.479%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0158%	4h	0.000003564	+0.508%	$1.0M	$17.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.398%	$393	—	100x	as long as short
Lighter 1000BONK	+0.0224%	1h	0.000003550	+0.113%	$247K	$700K	10x	as long as short
Hyperliquid kBONK	+0.1067%	1h	0.000003554	+0.226%	$11.7M	$6.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1557%	1h	0.000003562	+0.451%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2355%	1h	0.000003566	+0.558%	$227K	$202K	50x	as long as short