Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Pacifica against Aster−0.061%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1011.011% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.061%, 7d avg −0.019%

Together, before fees+0.038%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$4 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: Pacifica is 0.043% 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 −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003450	0.0100	pay 0.0050% / 4h	2h 24m	$66K	$253K	10x
Short	Pacifica kBONK	0.000003448	0.0100	get 0.0013% / 1h	24m 01s	$114K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.019%: −$4.28
Slippage, 4 orders: −$85.06
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$105.35
Costs to cover: 1.011%
Break-even: never at this rate

Slippage from Aster: live order book, 43 min ago; Pacifica: live order book, 43 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, 43 min ago	11.73 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 43 min ago	5.87 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit

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-INTX	−0.0336%	1h	0.000003369	−2.351%	$43K	$26K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0005%	4h	0.000003443	−0.206%	$29K	$58K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003445	−0.136%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003442	−0.247%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.105%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0040%	1h	0.000003445	−0.148%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003442	−0.237%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003449	−0.032%	$232K	$671K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003440	−0.279%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003450	long leg	$66K	$253K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONKshort	+0.0100%	1h	0.000003448	−0.061%	$114K	$123K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003448	−0.050%	$16.2M	$56.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003446	−0.111%	$11.0M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003445	−0.148%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003444	−0.177%	$762K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003447	−0.090%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003444	−0.169%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003443	−0.206%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003447	−0.090%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003458	+0.226%	$315K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003439	−0.322%	$58K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003448	−0.061%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003445	−0.148%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003450	−0.003%	$98K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003442	−0.247%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003444	−0.177%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.047%	$576	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0373%	1h	0.000003448	−0.061%	$31K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0992%	1h	0.000003456	+0.170%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2039%	1h	0.000003456	+0.168%	$215K	$165K	50x	as long as short