Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: Extended against Aster−0.007%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 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 airdropAster: Stage 5 · Extended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003349	0.0100	pay 0.0050% / 4h	2h 10m	$64K	$251K	10x
Short	Extended 1000BONK-USD	0.000003349	0.0104	get 0.0013% / 1h	10m 04s	$22K	$2K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0.84
Price spread: −0.007% → 0.000%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.82
Costs to cover: 0.130%
Break-even: 113.8 days

Slippage unknown: Aster: live order book, 12 min ago; 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 Aster live order book, 12 min ago	10.38 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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 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	−0.0320%	1h	0.000003344	−0.160%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003343	−0.190%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0046%	4h	0.000003350	+0.019%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003349	−0.023%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003344	−0.165%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003352	+0.079%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.250%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003348	−0.030%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003352	+0.079%	$198K	$290K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003349	long leg	$64K	$251K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003348	−0.041%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003349	+0.002%	$15.0M	$51.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003349	−0.011%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003351	+0.049%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003346	−0.100%	$739K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003349	−0.011%	$10.1M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003349	−0.011%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003348	−0.041%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003348	−0.041%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003353	+0.109%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003341	−0.237%	$301K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003352	+0.079%	$57K	$695K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003348	−0.026%	$19K	$108K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003353	+0.109%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003351	+0.049%	$2K	$6K	10x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003349	−0.007%	$22K	$2K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003347	−0.070%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.431%	$559	—	100x	as long as short
HTX BONK-USDT	+0.0326%	4h	0.000003380	+0.915%	$78K	$123K	30x	as long as short
Hyperliquid kBONK	+0.0740%	1h	0.000003357	+0.228%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1145%	1h	0.000003355	+0.168%	$204K	$148K	50x	as long as short