Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%

Price spread now: Extended against SunX−0.126%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: 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: Extended is 0.126% cheaper against SunX than usual: you would sell low and buy high, −$13 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	SunX BONK-USDT	0.000003447	0.0100	pay 0.0050% / 4h	1h 54m	$2K	$12K	20x
Short	Extended 1000BONK-USD	0.000003443	0.0104	get 0.0013% / 1h	54m 47s	$22K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0.84
Price spread: −0.126% → 0.000%: −$12.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.71
Costs to cover: 0.130%
Break-even: 212.9 days

Slippage unknown: SunX: no order-book sample; Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

SunX and Extended: 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 30 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	−0.0336%	1h	0.000003442	−0.145%	$47K	$32K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003438	−0.249%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003438	−0.261%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003438	−0.270%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0028%	4h	0.000003438	−0.261%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.019%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003438	−0.262%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003439	−0.232%	$224K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003436	−0.319%	$27K	$106K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003448	+0.028%	$80K	$263K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003437	−0.290%	$114K	$118K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003439	−0.227%	$16.1M	$57.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003436	−0.331%	$11.0M	$18.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003428	−0.551%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003442	−0.145%	$896K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003428	−0.551%	$9.7M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003437	−0.296%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003426	−0.609%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003443	−0.116%	—	$4.7M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003444	−0.087%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003468	+0.607%	$313K	$133K	—	as long as short
SunX BONK-USDTlong	+0.0100%	4h	0.000003447	long leg	$2K	$12K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003440	−0.203%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003450	+0.087%	$98K	$119K	30x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003443	−0.126%	$22K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003438	−0.261%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.968%	$575	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0220%	1h	0.000003438	−0.261%	$58K	$708K	25x	as long as short
Hyperliquid kBONK	+0.0617%	1h	0.000003444	−0.087%	$10.2M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2015%	1h	0.000003448	+0.042%	$223K	$174K	50x	as long as short