Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against Aster−0.014%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.014%, 7d avg −0.050%

Together, before fees−0.003%+ Points / potential airdropAster: Stage 5 · farm board$0 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: Gate is 0.036% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003372	0.0100	pay 0.0050% / 4h	3h 57m	$65K	$251K	10x
Short	Gate BONK_USDT	0.000003372	0.0100	get 0.0050% / 4h	3h 57m	$725K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.050%: $3.6
Slippage, 4 orders: −$73.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.98
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from Aster: live order book, 14 min ago; Gate: live order book, 5 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, 14 min ago	7.47 bp	34.8 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.97 bp	12.6 bp −$13	110.1 bp −$1,101	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	−0.0376%	1h	0.000003361	−0.340%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003368	−0.133%	$1.0M	$14.0M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0063%	4h	0.000003372	−0.014%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003376	+0.117%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003373	+0.002%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.920%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0046%	1h	0.000003374	+0.045%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003373	+0.017%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003379	+0.194%	$234K	$337K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003372	long leg	$65K	$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	0.000003377	+0.134%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003379	+0.194%	$15.6M	$53.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003378	+0.164%	$10.3M	$16.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003378	+0.164%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003372	−0.014%	$725K	$2.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003378	+0.164%	$9.9M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003376	+0.114%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003375	+0.075%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003372	−0.014%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003376	+0.105%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003368	−0.131%	$302K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003368	−0.133%	$57K	$703K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003373	+0.031%	$19K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003380	+0.223%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003375	+0.075%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003373	+0.016%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003373	+0.012%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003370	−0.073%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.044%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0604%	1h	0.000003381	+0.253%	$9.9M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1474%	1h	0.000003380	+0.209%	$207K	$156K	50x	as long as short