Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.1151%/8hnext payment −$1.44 per $10,000 · paid last 24h +0.006%

Price spread now: Aevo against Kraken Futures−0.136%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Aevo is 0.136% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BONKUSD	0.000003351	0.1255	pay 0.0157% / 1h	3m 56s	$203K	$181K	50x
Short	Aevo 1000BONK-PERP	0.000003346	0.0104	get 0.0013% / 1h	3m 56s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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 Kraken FuturesbpFee AevobpOrdersPrice spread, now −0.136%Rate

Funding earned: −$241.8
Price spread: −0.136% → 0.000%: −$13.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$281.41
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 28 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 28 min ago	20.70 bp	34.3 bp −$34	124.0 bp −$1,240	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0280%	1h	0.000003314	−1.091%	$42K	$20K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003351	+0.013%	$1.0M	$12.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0033%	4h	0.000003345	−0.166%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003344	−0.184%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003349	−0.047%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003347	−0.106%	$11K	$100K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.285%	$3K	$9K	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003345	−0.178%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003348	−0.076%	$197K	$274K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003344	−0.181%	$17K	$104K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003349	−0.057%	$64K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003350	−0.017%	$112K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003347	−0.106%	$15.1M	$48.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003347	−0.097%	$10.0M	$15.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003346	−0.136%	$2.4M	$7.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003346	−0.136%	$735K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003347	−0.106%	$9.5M	$6.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003347	−0.097%	$2.7M	$9.5M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003344	−0.196%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003347	−0.106%	—	$8.2M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003348	−0.076%	$30K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003343	−0.211%	$301K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003347	−0.106%	$57K	$691K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003351	+0.013%	$2K	$11K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003347	−0.106%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003351	+0.013%	$79K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003345	−0.156%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERPshort	+0.0104%	1h	0.000003346	−0.136%	$4K	—	3x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.463%	$559	—	100x	as long as short
Hyperliquid kBONK	+0.0667%	1h	0.000003352	+0.043%	$9.8M	$6.8M	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.1255%	1h	0.000003351	long leg	$203K	$181K	50x