Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: BingX against Nado+0.056%7-day average — · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.056% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003549	0.0100	pay 0.0012% / 1h	35m 13s	$64K	$134K	10x
Short	BingX 1000BONK-USDT	0.000003551	0.0100	get 0.0050% / 4h	35m 13s	—	$5.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → 0.000%: $5.64
Slippage, 4 orders: −$50.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.14
Costs to cover: 0.678%
Break-even: 22035591121934.4 days

Slippage from Nado: live order book, 38 min ago; BingX: live order book, 14 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, 38 min ago	2.82 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	5.66 bp	13.7 bp −$14	31.8 bp −$318	75.8 bp −$7,578	479.6 bp −$239.8K

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	−0.0040%	1h	0.000003541	−0.225%	$43K	$64K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003548	−0.020%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003544	−0.141%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.749%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0055%	4h	0.000003550	+0.028%	$1.1M	$20.1M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003549	−0.005%	$4	—	15x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003549	long leg	$64K	$134K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003548	−0.019%	$59K	$318K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003551	+0.056%	$118K	$148K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003550	+0.033%	$18.2M	$85.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003547	−0.045%	$12.4M	$26.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003551	+0.056%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003545	−0.113%	$994K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003549	0.000%	$11.6M	$9.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003548	−0.034%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003545	−0.113%	$4.5M	$5.1M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003551	+0.056%	—	$5.1M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003547	−0.062%	$333K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003546	−0.085%	$60K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003546	−0.085%	$30K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003554	+0.141%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003548	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003551	+0.056%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003547	−0.070%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003547	−0.056%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.469%	$541	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0314%	1h	0.000003546	−0.085%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0496%	1h	0.000003552	+0.085%	$247K	$762K	10x	as long as short
Hyperliquid kBONK	+0.1013%	1h	0.000003557	+0.225%	$12.2M	$8.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1589%	1h	0.000003557	+0.225%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4477%	1h	0.000003559	+0.295%	$182K	$262K	50x	as long as short