Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Binance against Nado−0.055%48s7-day average +0.006% · 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—prices read too far apart to compare

costs, in and out, $10k−$570.568% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.055%, 7d avg +0.006%

Together, before fees−0.138%+ Points / potential airdropNado: Active · farm board−$14 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: Binance is 0.060% cheaper against Nado than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003643	0.0100	pay 0.0012% / 1h	1m 43s	$51K	$119K	10x
Short	Binance 1000BONKUSDT	0.000003641	0.0100	get 0.0050% / 4h	2h 01m	$18.8M	$75.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.006%: −$6.04
Slippage, 4 orders: −$39.83
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.87
Costs to cover: 0.568%
Break-even: 22863886230388.0 days

Slippage from Nado: live order book, 17 min ago; Binance: live order book, 11 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 Nado live order book, 17 min ago	4.23 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.39 bp	13.1 bp −$13	31.2 bp −$312	107.7 bp −$10.8K	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	−0.0136%	1h	0.000003638	−0.137%	$45K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003635	−0.211%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003639	−0.113%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.129%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003641	−0.060%	$4	—	15x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003643	long leg	$51K	$119K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003645	+0.046%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003641	−0.055%	$124K	$129K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003641	−0.055%	$18.8M	$75.7M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003632	−0.302%	$12.3M	$23.5M	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	0.000003639	−0.110%	$3.0M	$12.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003636	−0.192%	$986K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003633	−0.274%	$11.2M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003640	−0.085%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003639	−0.110%	$4.7M	$4.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003639	−0.110%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003643	−0.004%	$337K	$142K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003639	−0.110%	$31K	$53K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003646	+0.082%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003642	−0.027%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003642	−0.027%	$104K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003636	−0.180%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003636	−0.192%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0150%	4h	0.000003644	+0.027%	$1.1M	$18.9M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.650%	$401	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003642	−0.027%	$254K	$739K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0245%	1h	0.000003647	+0.110%	$62K	$704K	25x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0575%	1h	0.000003638	−0.137%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1546%	1h	0.000003646	+0.082%	$12.1M	$7.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1657%	1h	0.000003647	+0.110%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2545%	1h	0.000003653	+0.286%	$225K	$219K	50x	as long as short