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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Aevo against SoDEX−0.030%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.030% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000BONK-USD0.0000033490.0100pay 0.0013% / 1h14m 36s$2K$6K10x
ShortAevo 1000BONK-PERP0.0000033480.0104get 0.0013% / 1h14m 36s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SoDEX. 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
$0.84
Price spread: −0.030% → 0.000%
−$2.99
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$26.15
Costs to cover
0.240%
Break-even
224.9 days
Slippage unknown: SoDEX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Aevo no order-book sample
SoDEX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0456%1h0.0000033490.000%$43K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003350+0.030%$1.0M$13.8M75xas long as short
Orderly PERP_1000BONK_USDC−0.0065%4h0.000003348−0.030%$29K$40K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003349+0.012%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003349+0.015%$12K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.0000033490.000%$2K$110K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.239%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003346−0.089%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003352+0.090%$189K$301K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003351+0.052%$64K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003350+0.030%$113K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003345−0.119%$15.1M$52.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003344−0.161%$10.2M$16.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.0000033490.000%$2.4M$7.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.0000033490.000%$714K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000033490.000%$9.7M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.0000033490.000%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003345−0.119%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.0000033490.000%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.0000033490.000%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003358+0.269%$301K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003353+0.119%$56K$702K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003349+0.015%$19K$106K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003358+0.269%$2K$12K20xas long as short
SoDEX 1000BONK-USDlong+0.0100%1h0.000003349long leg$2K$6K10x
HTX BONK-USDT+0.0100%4h0.000003361+0.358%$92K$153K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003348−0.034%$22K$3K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003348−0.030%$4K3x
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.421%$561100xas long as short
Hyperliquid kBONK+0.1203%1h0.000003357+0.239%$10.1M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.1460%1h0.000003356+0.200%$205K$150K50xas long as short