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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.12 per $10,000 · paid last 24h +0.001%
Price spread now: dYdX against Nado−0.060%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 airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.060% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado kBONK-PERP0.0000033730.0100pay 0.0012% / 1h25m 10s$18K$105K10x
ShortdYdX BONK-USD0.0000033710get 0.0000% / 1h25m 10s$12K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21
Price spread: −0.060% → 0.000%
−$6.05
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$44.05
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 47 min ago; dYdX: 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 Nado live order book, 47 min ago2.99 bp15.2 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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%1h0.000003363−0.311%$43K$25K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003377+0.104%$1.0M$14.4M75xas long as short
Orderly PERP_1000BONK_USDC−0.0051%4h0.000003372−0.044%$29K$39K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003373−0.021%$1K150xas long as short
dYdX BONK-USDshort0.0000%1h0.000003371−0.060%$12K$3K10x
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.949%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0047%1h0.000003373−0.015%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003372−0.030%$415xas long as short
Nado kBONK-PERPlong+0.0100%1h0.000003373long leg$18K$105K10x
Aster 1000BONKUSDT+0.0100%4h0.000003371−0.066%$65K$262K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003370−0.104%$112K$120K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003378+0.133%$15.3M$53.3M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003378+0.136%$10.6M$17.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003377+0.104%$2.5M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003374+0.015%$730K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003378+0.133%$9.9M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003377+0.095%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003376+0.074%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003378+0.133%$7.1Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003370−0.105%$303K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003392+0.548%$57K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003380+0.193%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003375+0.044%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003378+0.133%$93K$153K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003374+0.007%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003372−0.044%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.072%$563100xas long as short
Backpack kBONK_USDC_PERP+0.0275%1h0.000003379+0.163%$30K$7K10xas long as short
Lighter 1000BONK+0.0328%1h0.000003381+0.222%$320K$441K10xas long as short
Hyperliquid kBONK+0.0641%1h0.000003382+0.252%$9.6M$7.5M10xas long as short
Kraken Futures PF_BONKUSD+0.1474%1h0.000003381+0.216%$211K$165K50xas long as short