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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.068%
Price spread now: Extended against Deribit+0.005%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 6 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit 1000BONK_USDC-PERPETUAL0.0000036260.0026pay 0.0003% / 1h46m 21s$20K$155K10x
ShortExtended 1000BONK-USD0.0000036260.0104get 0.0013% / 1h46m 21s$24K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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
$16.41
Price spread: +0.005% → 0.000%
$0.51
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$4.92
Costs to cover
0.120%
Break-even
4.9 days
Slippage unknown: Deribit: live order book, 28 min ago; 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 Deribit live order book, 28 min ago8.39 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
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-INTX−0.0016%1h0.000003624−0.055%$44K$53K50xas long as short
dYdX BONK-USD0.0000%1h0.000003630+0.110%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003623−0.074%$25150xas long as short
Deribit 1000BONK_USDC-PERPETUALlong+0.0026%1h0.000003626long leg$20K$155K10x
Injective BONK/USDC PERP+0.0033%1h0.000003274−9.708%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003625−0.030%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003625−0.014%$51K$120K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003628+0.055%$61K$301K10xas long as short
Pacifica kBONK+0.0100%1h0.000003634+0.221%$121K$133K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003628+0.055%$18.6M$77.0M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003625−0.030%$12.3M$23.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003628+0.055%$3.0M$13.1M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003625−0.028%$1.0M$3.2M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003630+0.110%$11.6M$8.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003625−0.014%$2.9M$10.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003624−0.055%$4.6M$4.3M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.0000036260.000%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003625−0.030%$339K$146Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003631+0.138%$61K$705K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003627+0.028%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003632+0.165%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003634+0.221%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003632+0.165%$103K$130K30xas long as short
Extended 1000BONK-USDshort+0.0104%1h0.000003626+0.005%$24K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003625−0.028%$4K3xas long as short
BloFin 1000BONK-USDT+0.0145%4h0.000003630+0.110%$1.1M$19.0M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−17.264%$400100xas long as short
Lighter 1000BONK+0.0216%1h0.000003635+0.248%$254K$738K10xas long as short
Hyperliquid kBONK+0.1186%1h0.000003630+0.110%$12.0M$7.3M10xas long as short
Backpack kBONK_USDC_PERP+0.1599%1h0.000003637+0.303%$56K$24K10xas long as short
Kraken Futures PF_BONKUSD+0.2967%1h0.000003639+0.347%$224K$219K50xas long as short