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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h +0.172%
Price spread now: Aevo against Coinbase International+0.885%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aevo is 0.885% dearer against Coinbase International than usual: you sell high and buy low: +$88 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000BONK-PERP-INTX0.000003390−0.0320get 0.0040% / 1h14m 31s$42K$35K50x
ShortAevo 1000BONK-PERP0.0000034200.0104get 0.0013% / 1h14m 31s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
$89.04
Price spread: +0.885% → 0.000%
$88.5
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
$151.54
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Aevo no order-book sample
Coinbase International and Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTXlong−0.0320%1h0.000003390long leg$42K$35K50x
dYdX BONK-USD0.0000%1h0.000003420+0.896%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003422+0.932%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.422%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0042%1h0.000003422+0.944%$2K$110K10xas long as short
Orderly PERP_1000BONK_USDC+0.0076%4h0.000003421+0.914%$29K$55K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003419+0.854%$415xas long as short
BloFin 1000BONK-USDT+0.0094%4h0.000003423+0.973%$974K$15.5M75xas long as short
Lighter 1000BONK+0.0096%1h0.000003428+1.121%$225K$672K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003421+0.900%$79K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003423+0.973%$114K$109K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003426+1.058%$16.6M$59.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003425+1.044%$10.9M$18.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003420+0.885%$2.5M$9.1M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003422+0.944%$818K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003427+1.091%$9.0M$7.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003421+0.914%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003419+0.855%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003419+0.855%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003417+0.794%$311K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003417+0.796%$58K$705K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003419+0.870%$31K$101K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003428+1.121%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003422+0.944%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003430+1.180%$97K$120K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003423+0.960%$22K$4K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003420+0.885%$4K3x
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.504%$572100xas long as short
Backpack kBONK_USDC_PERP+0.0342%1h0.000003423+0.973%$30K$7K10xas long as short
Hyperliquid kBONK+0.0770%1h0.000003426+1.062%$10.1M$4.8M10xas long as short
Kraken Futures PF_BONKUSD+0.2457%1h0.000003430+1.185%$221K$177K50xas long as short