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+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Pacifica against Reya−0.113%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 airdropReya: Active · Pacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. Pacifica is 0.113% cheaper against Reya than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 22 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya kBONKRUSDPERP0.0000034180.0083pay 0.0010% / 1h4m 48s$415x
ShortPacifica kBONK0.0000034140.0100get 0.0013% / 1h4m 48s$113K$122K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Reya. 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
$3.6
Price spread: −0.113% → 0.000%
−$11.27
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$21.67
Costs to cover
0.140%
Break-even
49.1 days
Slippage unknown: Reya: no order-book sample; Pacifica: live order book, 3 min ago. 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 Reya no order-book sample
Sell Pacifica live order book, 3 min ago5.87 bp13.2 bp −$13doesn't fitdoesn't fitdoesn't fit
Reya: 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%1h0.000003371−1.371%$43K$25K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003422+0.121%$930K$14.8M75xas long as short
Orderly PERP_1000BONK_USDC−0.0033%4h0.000003414−0.113%$29K$39K20xas long as short
dYdX BONK-USD0.0000%1h0.000003416−0.044%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003417−0.034%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.209%$3K$1135.5xas long as short
Reya kBONKRUSDPERPlong+0.0083%1h0.000003418long leg$415x
Nado kBONK-PERP+0.0100%1h0.000003417−0.010%$19K$99K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003419+0.021%$66K$253K10xas long as short
Pacifica kBONKshort+0.0100%1h0.000003414−0.113%$113K$122K10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003433+0.443%$15.9M$53.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003426+0.250%$10.8M$17.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003431+0.385%$2.5M$8.0M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003426+0.238%$732K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003424+0.180%$10.1M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003422+0.130%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003432+0.414%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003427+0.268%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003406−0.351%$312K$125Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003424+0.180%$58K$708K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003426+0.238%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003418+0.004%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003457+1.145%$95K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003426+0.230%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003414−0.113%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−12.226%$571100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0335%1h0.000003420+0.063%$2K$110K10xas long as short
Lighter 1000BONK+0.0384%1h0.000003440+0.648%$357K$475K10xas long as short
Backpack kBONK_USDC_PERP+0.0416%1h0.000003422+0.121%$30K$7K10xas long as short
Hyperliquid kBONK+0.0605%1h0.000003437+0.560%$9.8M$7.3M10xas long as short
Kraken Futures PF_BONKUSD+0.1454%1h0.000003426+0.251%$214K$165K50xas long as short