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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0105%/8h= −11.5% APRnext payment $0.13 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Aevo−0.081%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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.081% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000034380.0104pay 0.0013% / 1h19m 11s$4K3x
ShortgTrade (Gains Network) BONK/USD0.000003435L +0.0001% / S +0.0001%pay 0.0000% / 1h19m 11s$24150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$22.01
Price spread: −0.081% → 0.000%
−$8.14
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$56.15
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Aevo and gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0336%1h0.000003435−0.087%$44K$27K50xas long as short
Orderly PERP_1000BONK_USDC−0.0004%4h0.0000034380.000%$29K$58K20xas long as short
dYdX BONK-USD0.0000%1h0.000003437−0.020%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDshortL +0.0001% / S +0.0001%1h0.000003435−0.081%$24150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.770%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0041%1h0.000003437−0.029%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003437−0.017%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003441+0.087%$232K$671K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003436−0.058%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003441+0.087%$66K$254K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003439+0.029%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003439+0.029%$16.1M$56.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003437−0.020%$11.0M$17.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003437−0.029%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003437−0.029%$769K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000034380.000%$9.5M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003437−0.023%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003435−0.087%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.0000034380.000%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003440+0.069%$313K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003443+0.145%$58K$709K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003440+0.058%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.0000034380.000%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003459+0.611%$98K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003438−0.012%$22K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003438long leg$4K3x
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−12.740%$574100xas long as short
Backpack kBONK_USDC_PERP+0.0377%1h0.000003440+0.058%$30K$7K10xas long as short
Hyperliquid kBONK+0.1002%1h0.000003445+0.204%$10.2M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2043%1h0.000003448+0.303%$215K$165K50xas long as short