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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment $0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Reya against Extended−0.243%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 4 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 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.243% cheaper against Extended than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000BONK-USD0.0000035360.0104pay 0.0013% / 1h57m 46s$22K$4K25x
ShortReya kBONKRUSDPERP0.0000035270.0083get 0.0010% / 1h57m 46s$415x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Extended. 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
−$4.44
Price spread: −0.243% → 0.000%
−$24.32
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Reya: 3 bp × 2 orders
−$6
Net
−$39.76
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Reya: 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 Extended no order-book sample
Sell Reya no order-book sample
Extended and Reya: 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−0.0040%1h0.000003520−0.439%$44K$62K50xas long as short
dYdX BONK-USD0.0000%1h0.000003528−0.204%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003518−0.507%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−7.397%$3K$1135.5xas long as short
Reya kBONKRUSDPERPshort+0.0083%1h0.000003527−0.243%$415x
Nado kBONK-PERP+0.0100%1h0.000003526−0.255%$62K$128K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003538+0.073%$66K$318K10xas long as short
Pacifica kBONK+0.0100%1h0.000003529−0.184%$117K$141K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003539+0.099%$18.2M$83.1M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003524−0.311%$12.1M$25.4M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003531−0.128%$2.9M$14.1M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003537+0.042%$963K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003538+0.070%$11.8M$9.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003534−0.048%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003528−0.212%$4.5M$4.9M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003534−0.043%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003566+0.859%$336K$156Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003573+1.060%$60K$706K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003515−0.580%$30K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003526−0.269%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003522−0.382%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003531−0.128%$100K$133K30xas long as short
Extended 1000BONK-USDlong+0.0104%1h0.000003536long leg$22K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003514−0.608%$4K3xas long as short
BloFin 1000BONK-USDT+0.0133%4h0.000003537+0.042%$1.1M$19.4M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−15.147%$537100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0318%1h0.000003520−0.439%$35K$176K10xas long as short
Lighter 1000BONK+0.0776%1h0.000003533−0.071%$249K$751K10xas long as short
Backpack kBONK_USDC_PERP+0.0968%1h0.000003534−0.043%$54K$23K10xas long as short
Hyperliquid kBONK+0.1053%1h0.000003536+0.014%$12.1M$8.1M10xas long as short
Kraken Futures PF_BONKUSD+0.4508%1h0.000003535−0.010%$218K$224K50xas long as short