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% APRpaid last 24h −0.027%

Price spread now: Nado against Aster+0.005%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$930.935% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.656%+$66 · spread now +0.005%, 7d avg −0.017%

Together, before fees+0.623%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$62 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: Nado is 0.022% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003395	0.0100	pay 0.0050% / 4h	20m 10s	$78K	$251K	10x
Short	Nado kBONK-PERP	0.000003395	0.0100	get 0.0012% / 1h	20m 10s	$31K	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.017%: $2.24
Slippage, 4 orders: −$78.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$91.24
Costs to cover: 0.935%
Break-even: never at this rate

Slippage from Aster: live order book, 36 min ago; Nado: live order book, 8 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, 36 min ago	8.88 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 8 min ago	4.39 bp	14.2 bp −$14	doesn't fit	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	−0.0320%	1h	0.000003390	−0.157%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003395	0.000%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003396	+0.008%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.573%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0045%	1h	0.000003396	+0.020%	$2K	$110K	10x	as long as short
BloFin 1000BONK-USDT	+0.0067%	4h	0.000003401	+0.167%	$964K	$15.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0075%	4h	0.000003395	−0.009%	$29K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003395	−0.012%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003400	+0.138%	$222K	$672K	10x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003395	+0.005%	$31K	$101K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003395	long leg	$78K	$251K	10x
Pacifica kBONK	+0.0100%	1h	0.000003397	+0.049%	$113K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003399	+0.098%	$16.4M	$59.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003399	+0.108%	$10.8M	$18.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003398	+0.079%	$2.5M	$9.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003395	−0.009%	$813K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003400	+0.138%	$9.0M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003398	+0.088%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003396	+0.020%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003399	+0.108%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003398	+0.075%	$309K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003427	+0.933%	$58K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003401	+0.167%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	+0.049%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003401	+0.167%	$96K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003396	+0.008%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003392	−0.098%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.643%	$568	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0315%	1h	0.000003397	+0.049%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0760%	1h	0.000003403	+0.226%	$10.0M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2475%	1h	0.000003405	+0.290%	$220K	$177K	50x	as long as short