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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0328%/8h= −35.9% APRnext payment $0.41 per $10,000 · paid last 24h −0.152%
Price spread now: Coinbase International against dYdX−0.290%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Coinbase International is 0.290% cheaper against dYdX than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000034140get 0.0000% / 1h32m 17s$12K$3K10x
ShortCoinbase International 1000BONK-PERP-INTX0.000003404−0.0328pay 0.0041% / 1h32m 17s$44K$21K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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
−$68.88
Price spread: −0.290% → 0.000%
−$28.99
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$117.87
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Coinbase International: 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 dYdX no order-book sample
Sell Coinbase International no order-book sample
dYdX and 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-INTXshort−0.0328%1h0.000003404−0.290%$44K$21K50x
BloFin 1000BONK-USDT−0.0140%4h0.000003416+0.062%$1.0M$13.2M75xas long as short
Orderly PERP_1000BONK_USDC−0.0030%4h0.000003412−0.056%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003410−0.126%$1K150xas long as short
dYdX BONK-USDlong0.0000%1h0.000003414long leg$12K$3K10x
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.098%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0043%1h0.000003415+0.032%$11K$100K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003410−0.117%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003415+0.032%$200K$279K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003411−0.085%$20K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003411−0.080%$65K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003417+0.091%$116K$114K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003411−0.085%$15.4M$49.3M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003409−0.143%$10.3M$16.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003412−0.056%$2.5M$7.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003407−0.202%$746K$2.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003410−0.114%$9.6M$6.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003409−0.132%$2.7M$9.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003412−0.056%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003411−0.085%$8.2Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003418+0.120%$31K$6K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003414−0.010%$307K$105Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003412−0.056%$58K$692K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003418+0.120%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003413−0.026%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003426+0.355%$81K$117K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003411−0.084%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003413−0.026%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−12.124%$570100xas long as short
Hyperliquid kBONK+0.0590%1h0.000003417+0.091%$10.1M$6.9M10xas long as short
Kraken Futures PF_BONKUSD+0.1171%1h0.000003418+0.115%$207K$181K50xas long as short