Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.176%

Price spread now: Coinbase International against Aster−0.098%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Coinbase International

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.098% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003430	0.0100	pay 0.0050% / 4h	2h 04m	$81K	$268K	10x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003427	−0.0336	pay 0.0042% / 1h	4m 35s	$44K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$91.56
Price spread: −0.098% → 0.000%: −$9.77
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$119.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 62 min ago; Coinbase International: 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 Aster live order book, 62 min ago	11.73 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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-INTXshort	−0.0336%	1h	0.000003427	−0.098%	$44K	$27K	50x
dYdX BONK-USD	0.0000%	1h	0.000003433	+0.088%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003425	−0.156%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003424	−0.179%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0020%	4h	0.000003425	−0.156%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.558%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003424	−0.187%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003438	+0.223%	$224K	$678K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003422	−0.243%	$27K	$112K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003430	long leg	$81K	$268K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003434	+0.106%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003431	+0.012%	$16.0M	$57.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003431	+0.025%	$10.9M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003440	+0.281%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003431	+0.019%	$865K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003431	+0.019%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003432	+0.045%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003438	+0.223%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003439	+0.252%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003430	−0.013%	$313K	$134K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	+0.048%	$58K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003432	+0.048%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003426	−0.127%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003431	+0.019%	$97K	$150K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003438	+0.229%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003425	−0.156%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.545%	$572	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0340%	1h	0.000003426	−0.127%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.1016%	1h	0.000003436	+0.165%	$10.2M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2050%	1h	0.000003436	+0.178%	$222K	$173K	50x	as long as short