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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.178%
Price spread now: Variational Omni against Coinbase International+0.162%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.162% dearer against Coinbase International than usual: you sell high and buy low: +$16 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-INTX0.000003327−0.0320get 0.0040% / 1h59m 55s$42K$22K50x
ShortVariational Omni 1000BONK0.0000033320.0100get 0.0050% / 4h1h 59m$299K$104K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$88.2
Price spread: +0.162% → 0.000%
$16.18
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$94.38
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 24 min ago. 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 Variational Omni RFQ quote, 24 min ago7.40 bpdoesn't fit60.7 bp −$607doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTXlong−0.0320%1h0.000003327long leg$42K$22K50x
BloFin 1000BONK-USDT−0.0140%4h0.000003332+0.150%$1.0M$13.1M75xas long as short
Orderly PERP_1000BONK_USDC−0.0059%4h0.000003338+0.331%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003336+0.258%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003332+0.146%$12K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003336+0.271%$2K$110K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−1.593%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003336+0.281%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003337+0.301%$198K$291K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003339+0.358%$64K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003334+0.210%$113K$120K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003335+0.249%$14.9M$51.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003337+0.289%$10.1M$16.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003335+0.240%$2.4M$7.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003333+0.180%$737K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003335+0.240%$10.0M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003335+0.231%$2.6M$10.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003332+0.150%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003334+0.210%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003337+0.301%$30K$7K10xas long as short
Variational Omni 1000BONKshort+0.0100%4h0.000003332+0.162%$299K$104K
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003330+0.090%$56K$696K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003334+0.225%$19K$107K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003340+0.391%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003335+0.240%$2K$6K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003333+0.183%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003336+0.271%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−9.829%$557100xas long as short
HTX BONK-USDT+0.0417%4h0.000003344+0.511%$77K$123K30xas long as short
Hyperliquid kBONK+0.0746%1h0.000003342+0.451%$9.9M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.1151%1h0.000003338+0.341%$203K$149K50xas long as short