Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.005%

Price spread now: Reya against Aster+0.014%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003422	0.0100	pay 0.0050% / 4h	1h 53m	$79K	$263K	10x
Short	Reya kBONKRUSDPERP	0.000003422	0.0083	get 0.0010% / 1h	53m 47s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.014%Rate

Funding earned: −$3.6
Price spread: +0.014% → 0.000%: $1.4
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$16.2
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 8 min ago; Reya: 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, 8 min ago	5.79 bp	41.5 bp −$42	292.2 bp −$2,922	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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-INTX	−0.0336%	1h	0.000003431	+0.265%	$46K	$32K	50x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0042%	1h	0.000003422	+0.002%	$2K	$110K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003438	+0.481%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003419	−0.080%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0028%	4h	0.000003421	−0.027%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.323%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003422	+0.014%	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003427	+0.148%	$223K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003424	+0.075%	$27K	$106K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003422	long leg	$79K	$263K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003437	+0.440%	$114K	$118K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003421	−0.013%	$16.0M	$57.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003418	−0.115%	$10.9M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003418	−0.115%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003421	−0.027%	$891K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003420	−0.057%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003420	−0.057%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003416	−0.174%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003420	−0.057%	—	$4.7M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003422	+0.002%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003468	+1.344%	$313K	$133K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003429	+0.206%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003425	+0.089%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003434	+0.352%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003421	−0.022%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003419	−0.086%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.330%	$572	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0220%	1h	0.000003438	+0.469%	$58K	$708K	25x	as long as short
Hyperliquid kBONK	+0.0570%	1h	0.000003426	+0.119%	$10.1M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2023%	1h	0.000003434	+0.359%	$222K	$174K	50x	as long as short