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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against dYdX−0.148%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Funding pays, the price is against you. Nado is 0.148% cheaper against dYdX than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000033690get 0.0000% / 1h39m 57s$12K$3K10x
ShortNado kBONK-PERP0.0000033640.0100get 0.0012% / 1h39m 57s$25K$115K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$21
Price spread: −0.148% → 0.000%
−$14.82
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$10.82
Costs to cover
0.170%
Break-even
10.6 days
Slippage unknown: dYdX: no order-book sample; Nado: live order book, 18 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 dYdX no order-book sample
Sell Nado live order book, 18 min ago4.42 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
dYdX: 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−0.0336%1h0.000003369−0.015%$43K$26K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003414+1.321%$939K$14.9M75xas long as short
Orderly PERP_1000BONK_USDC−0.0018%4h0.000003372+0.074%$29K$49K20xas long as short
dYdX BONK-USDlong0.0000%1h0.000003369long leg$12K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003369−0.021%$23150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.834%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0046%1h0.000003377+0.223%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003367−0.074%$415xas long as short
Nado kBONK-PERPshort+0.0100%1h0.000003364−0.148%$25K$115K10x
Aster 1000BONKUSDT+0.0100%4h0.000003378+0.263%$65K$253K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003373+0.104%$112K$125K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003383+0.391%$15.9M$56.0M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003380+0.321%$10.7M$17.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003384+0.430%$2.5M$8.2M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003378+0.252%$735K$2.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003380+0.312%$9.4M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003379+0.282%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003384+0.430%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003382+0.371%$4.7Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003379+0.281%$309K$127Kas long as short
SunX BONK-USDT+0.0100%4h0.000003388+0.549%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003380+0.312%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003372+0.074%$95K$161K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003380+0.318%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003373+0.104%$4K3xas long as short
ApeX Omni 1000BONKUSDT+0.0145%1h0.000003411+1.232%$57K$714K25xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−10.966%$562100xas long as short
Lighter 1000BONK+0.0264%1h0.000003387+0.520%$231K$666K10xas long as short
Backpack kBONK_USDC_PERP+0.0299%1h0.000003383+0.401%$30K$7K10xas long as short
Hyperliquid kBONK+0.0865%1h0.000003388+0.549%$10.0M$7.5M10xas long as short
Kraken Futures PF_BONKUSD+0.2078%1h0.000003391+0.625%$211K$165K50xas long as short