Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: Nado against Gate−0.028%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.028%, 7d avg +0.031%

Together, before fees+0.203%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.058% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BONK_USDT	0.000003632	0.0100	pay 0.0050% / 4h	1h 29m	$966K	$3.4M	50x
Short	Nado kBONK-PERP	0.000003631	0.0100	get 0.0012% / 1h	29m 55s	$55K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee NadobpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.031%: −$5.82
Slippage, 4 orders: −$56.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$84.15
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Nado: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	2.77 bp	23.7 bp −$24	91.3 bp −$913	doesn't fit	doesn't fit
Sell Nado live order book, 48 min ago	4.23 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0016%	1h	0.000003626	−0.165%	$46K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003607	−0.677%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003608	−0.655%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.857%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003630	−0.043%	$4	—	15x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003631	−0.028%	$55K	$123K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003636	+0.110%	$61K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003612	−0.551%	$120K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003636	+0.110%	$18.8M	$79.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003630	−0.055%	$12.5M	$24.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003634	+0.055%	$3.0M	$13.7M	20x	as long as short
Gate BONK_USDTlong	+0.0100%	4h	0.000003632	long leg	$966K	$3.4M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003635	+0.083%	$12.1M	$9.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003633	+0.036%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003631	−0.028%	$4.7M	$4.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003632	0.000%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003605	−0.747%	$338K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003644	+0.330%	$61K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003632	0.000%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003642	+0.275%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003638	+0.165%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003624	−0.220%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003633	+0.031%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003632	0.000%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0132%	4h	0.000003609	−0.633%	$1.1M	$19.2M	75x	as long as short
Lighter 1000BONK	+0.0168%	1h	0.000003640	+0.220%	$254K	$746K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.401%	$551	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1127%	1h	0.000003637	+0.138%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1258%	1h	0.000003643	+0.303%	$12.5M	$7.8M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1747%	1h	0.000003645	+0.358%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2956%	1h	0.000003653	+0.567%	$225K	$222K	50x	as long as short