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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.166%
Price spread now: Extended against Coinbase International+0.803%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.803% dearer against Coinbase International than usual: you sell high and buy low: +$80 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-INTX0.000003342−0.0248get 0.0031% / 1h5m 33s$42K$22K50x
ShortExtended 1000BONK-USD0.0000033690.0104get 0.0013% / 1h5m 33s$22K$2K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$73.92
Price spread: +0.803% → 0.000%
$80.29
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$139.21
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTXlong−0.0248%1h0.000003342long leg$42K$22K50x
BloFin 1000BONK-USDT−0.0140%4h0.000003363+0.628%$1.0M$13.4M75xas long as short
Orderly PERP_1000BONK_USDC−0.0086%4h0.000003369+0.808%$29K$41K20xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0047%1h0.000003368+0.778%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003369+0.820%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003368+0.790%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.035%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003368+0.779%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003369+0.808%$189K$301K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003367+0.763%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003370+0.824%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003369+0.808%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003369+0.808%$15.2M$51.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003369+0.808%$10.2M$16.7M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003371+0.868%$2.4M$7.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003367+0.748%$721K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003367+0.748%$10.1M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003367+0.748%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003365+0.688%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003369+0.808%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003371+0.868%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003360+0.540%$302K$121Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003362+0.598%$57K$701K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003374+0.958%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003370+0.838%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003371+0.868%$91K$151K30xas long as short
Extended 1000BONK-USDshort+0.0104%1h0.000003369+0.803%$22K$2K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003368+0.778%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.233%$563100xas long as short
Hyperliquid kBONK+0.0929%1h0.000003373+0.928%$10.1M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.0960%1h0.000003375+0.995%$205K$149K50xas long as short