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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0591%/8h= +64.7% APRnext payment +$0.74 per $10,000 · paid last 24h +0.010%
Price spread now: Backpack against Aevo+0.260%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Backpack is 0.260% dearer against Aevo than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000034680.0104pay 0.0013% / 1h53m 46s$4K3x
ShortBackpack kBONK_USDC_PERP0.0000034770.0695get 0.0087% / 1h53m 46s$31K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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
$124.15
Price spread: +0.260% → 0.000%
$25.95
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Backpack: 5 bp × 2 orders
−$10
Net
$124.1
Costs to cover
0.260%
Break-even
0.0 days
Slippage unknown: Aevo: no order-book sample; Backpack: 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 Aevo no order-book sample
Sell Backpack no order-book sample
Aevo and Backpack: 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−0.0312%1h0.000003473+0.144%$43K$37K50xas long as short
dYdX BONK-USD0.0000%1h0.000003479+0.328%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003467−0.040%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−5.594%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0039%1h0.000003466−0.058%$6K$123K10xas long as short
BloFin 1000BONK-USDT+0.0064%4h0.000003484+0.461%$980K$16.0M75xas long as short
Orderly PERP_1000BONK_USDC+0.0080%4h0.000003466−0.058%$30K$55K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003465−0.088%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003474+0.173%$226K$671K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003466−0.058%$36K$103K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003471+0.073%$80K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003484+0.461%$116K$108K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003474+0.164%$16.8M$60.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003484+0.467%$11.4M$19.2M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003487+0.548%$2.5M$9.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003467−0.029%$843K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003469+0.029%$9.1M$7.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003470+0.052%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003466−0.058%$4.4M$3.2M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003467−0.029%$4.8Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003473+0.141%$316K$134Kas long as short
SunX BONK-USDT+0.0100%4h0.000003469+0.029%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003464−0.115%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003483+0.433%$99K$120K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003468−0.014%$23K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003468long leg$4K3x
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−13.495%$581100xas long as short
ApeX Omni 1000BONKUSDT+0.0335%1h0.000003462−0.173%$58K$705K25xas long as short
Hyperliquid kBONK+0.0626%1h0.000003477+0.260%$10.2M$4.9M10xas long as short
Backpack kBONK_USDC_PERPshort+0.0695%1h0.000003477+0.260%$31K$7K10x
Kraken Futures PF_BONKUSD+0.2419%1h0.000003472+0.116%$224K$175K50xas long as short