Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.162%

Price spread now: Aster against Coinbase International+0.217%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.217% dearer against Coinbase International than usual: you sell high and buy low: +$22 more if the spread 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	Coinbase International 1000BONK-PERP-INTX	0.000003611	−0.0016	get 0.0002% / 1h	55m 32s	$44K	$52K	50x
Short	Aster 1000BONKUSDT	0.000003619	0.0100	get 0.0050% / 4h	1h 55m	$61K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.217%Rate

Funding earned: $24.36
Price spread: +0.217% → 0.000%: $21.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $28.1
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 51 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 51 min ago	12.80 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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-INTXlong	−0.0016%	1h	0.000003611	long leg	$44K	$52K	50x
dYdX BONK-USD	0.0000%	1h	0.000003616	+0.149%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003616	+0.138%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0027%	1h	0.000003617	+0.166%	$20K	$155K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.333%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003616	+0.150%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0100%	4h	0.000003631	+0.554%	$1.1M	$18.8M	75x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003619	+0.217%	$61K	$301K	10x
Pacifica kBONK	+0.0100%	1h	0.000003616	+0.138%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003627	+0.443%	$18.6M	$76.4M	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	0.000003625	+0.388%	$12.3M	$23.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003615	+0.111%	$3.0M	$12.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003618	+0.194%	$996K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003615	+0.111%	$11.0M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003625	+0.390%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003611	0.000%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003613	+0.055%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003608	−0.087%	$335K	$142K	—	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003612	+0.042%	$51K	$119K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003615	+0.111%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003623	+0.332%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003618	+0.194%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003648	+1.025%	$104K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003612	+0.016%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003612	+0.028%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.921%	$399	—	100x	as long as short
Lighter 1000BONK	+0.0576%	1h	0.000003623	+0.332%	$253K	$738K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0866%	1h	0.000003639	+0.775%	$61K	$706K	25x	as long as short
Hyperliquid kBONK	+0.1344%	1h	0.000003632	+0.582%	$12.0M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2256%	1h	0.000003626	+0.415%	$58K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2973%	1h	0.000003632	+0.582%	$224K	$219K	50x	as long as short