Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Aster−0.094%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.094%, 7d avg −0.052%

Together, before fees+0.109%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.041% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003559	0.0100	pay 0.0050% / 4h	2h 17m	$59K	$299K	10x
Short	Bitget 1000BONKUSDT	0.000003556	0.0100	get 0.0050% / 4h	2h 17m	$4.5M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → −0.052%: −$4.15
Slippage, 4 orders: −$85.67
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.82
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from Aster: live order book, 30 min ago; Bitget: live order book, 1 min ago.

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 Aster live order book, 30 min ago	12.80 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.63 bp	17.0 bp −$17	50.8 bp −$508	doesn't fit	doesn't fit

BONK on 31 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	−0.0136%	1h	0.000003567	+0.215%	$44K	$48K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003554	−0.142%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003558	−0.035%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.017%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0072%	4h	0.000003567	+0.215%	$1.0M	$18.2M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003557	−0.053%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0099%	4h	0.000003560	+0.019%	$31K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003557	−0.066%	$44K	$114K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003559	long leg	$59K	$299K	10x
Pacifica kBONK	+0.0100%	1h	0.000003558	−0.038%	$120K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003565	+0.146%	$18.3M	$72.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003562	+0.066%	$11.8M	$22.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003565	+0.159%	$2.8M	$11.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003561	+0.047%	$924K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003563	+0.103%	$10.6M	$8.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003562	+0.075%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003556	−0.094%	$4.5M	$4.0M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003559	−0.010%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003509	−1.418%	$327K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003544	−0.431%	$60K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003570	+0.299%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003564	+0.131%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003561	+0.047%	$101K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003563	+0.105%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003559	−0.010%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.715%	$392	—	100x	as long as short
Lighter 1000BONK	+0.0216%	1h	0.000003568	+0.243%	$250K	$723K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0593%	1h	0.000003561	+0.047%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1547%	1h	0.000003567	+0.215%	$11.8M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1623%	1h	0.000003570	+0.299%	$47K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2600%	1h	0.000003576	+0.478%	$219K	$218K	50x	as long as short