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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0654%/8h= −71.7% APRnext payment $0.82 per $10,000 · paid last 24h −0.108%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.575%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and gTrade (Gains Network) is 0.575% cheaper against Hyperliquid than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kBONK0.0000034080.0654pay 0.0082% / 1h30m 47s$10.1M$7.2M10x
ShortgTrade (Gains Network) BONK/USD0.000003388L 0.0000% / S +0.0001%pay 0.0000% / 1h30m 47s$1K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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
−$137.42
Price spread: −0.575% → 0.000%
−$57.51
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$213.93
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; gTrade (Gains Network): 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 Hyperliquid live order book, 2 min ago1.47 bp13.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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−0.0376%1h0.000003374−0.998%$43K$24K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003393−0.440%$1.0M$14.4M75xas long as short
Orderly PERP_1000BONK_USDC−0.0054%4h0.000003388−0.587%$29K$39K20xas long as short
gTrade (Gains Network) BONK/USDshortL 0.0000% / S +0.0001%1h0.000003388−0.575%$1K150x
dYdX BONK-USD0.0000%1h0.000003404−0.108%$12K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003389−0.558%$2K$110K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.932%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003388−0.587%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003390−0.513%$16K$105K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003398−0.299%$65K$262K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003402−0.176%$114K$122K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003400−0.222%$15.5M$53.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003402−0.179%$10.6M$17.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003405−0.088%$2.5M$8.0M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003397−0.323%$730K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003401−0.205%$9.9M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003402−0.164%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003401−0.205%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003402−0.176%$7.1Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003387−0.617%$304K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003379−0.851%$57K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003393−0.440%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003390−0.528%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003400−0.235%$93K$152K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003394−0.417%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003389−0.558%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.972%$567100xas long as short
Backpack kBONK_USDC_PERP+0.0268%1h0.000003392−0.469%$30K$7K10xas long as short
Lighter 1000BONK+0.0288%1h0.000003409+0.029%$322K$441K10xas long as short
Hyperliquid kBONKlong+0.0654%1h0.000003408long leg$10.1M$7.2M10x
Kraken Futures PF_BONKUSD+0.1466%1h0.000003399−0.278%$208K$159K50xas long as short