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+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: SoDEX against gTrade (Gains Network)+0.067%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.067% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BONK/USD0.000003415L +0.0001% / S +0.0001%pay 0.0000% / 1h34m 56s$24150x
ShortSoDEX 1000BONK-USD0.0000034170.0100get 0.0013% / 1h34m 56s$2K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against gTrade (Gains Network). 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
$20.88
Price spread: +0.067% → 0.000%
$6.74
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$9.62
Costs to cover
0.180%
Break-even
3.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: 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 gTrade (Gains Network) no order-book sample
Sell SoDEX no order-book sample
gTrade (Gains Network) and SoDEX: 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%1h0.000003369−1.338%$43K$26K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003414−0.020%$939K$14.9M75xas long as short
Orderly PERP_1000BONK_USDC−0.0014%4h0.000003413−0.050%$29K$59K20xas long as short
dYdX BONK-USD0.0000%1h0.000003417+0.082%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDlongL +0.0001% / S +0.0001%1h0.000003415long leg$24150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.120%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003414−0.021%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003416+0.053%$26K$116K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003419+0.128%$66K$253K10xas long as short
Pacifica kBONK+0.0100%1h0.000003418+0.097%$113K$125K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003426+0.340%$16.1M$56.4M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003422+0.225%$10.8M$17.7M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003427+0.360%$2.5M$8.3M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003424+0.272%$749K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003422+0.214%$9.5M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003421+0.176%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003423+0.243%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003422+0.214%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003414−0.021%$310K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003407−0.225%$57K$713K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003421+0.184%$2K$12K20xas long as short
SoDEX 1000BONK-USDshort+0.0100%1h0.000003417+0.067%$2K$6K10x
HTX BONK-USDT+0.0100%4h0.000003417+0.067%$97K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003423+0.232%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003410−0.138%$4K3xas long as short
Lighter 1000BONK+0.0152%1h0.000003421+0.184%$233K$666K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−12.145%$571100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0336%1h0.000003417+0.067%$2K$110K10xas long as short
Backpack kBONK_USDC_PERP+0.0348%1h0.000003425+0.302%$30K$7K10xas long as short
Hyperliquid kBONK+0.0922%1h0.000003429+0.419%$10.2M$7.5M10xas long as short
Kraken Futures PF_BONKUSD+0.2058%1h0.000003424+0.259%$213K$165K50xas long as short