Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Binance−0.030%7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.030% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003490	0.0100	pay 0.0050% / 4h	3h 46m	$16.9M	$61.1M	75x
Short	gTrade (Gains Network) BONK/USD	0.000003489	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	46m 09s	$24	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.030%Rate

Funding earned: −$21.17
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; gTrade (Gains Network): 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 Binance live order book, 11 min ago	1.44 bp	11.3 bp −$11	25.5 bp −$255	209.1 bp −$20.9K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0312%	1h	0.000003488	−0.061%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	+0.007%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDshort	L +0.0001% / S +0.0001%	1h	0.000003489	−0.030%	$24	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.193%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003488	−0.061%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003489	−0.020%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003493	+0.082%	$235K	$678K	10x	as long as short
BloFin 1000BONK-USDT	+0.0099%	4h	0.000003490	−0.004%	$974K	$16.0M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003488	−0.061%	$36K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.083%	$81K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003490	−0.004%	$116K	$105K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003490	long leg	$16.9M	$61.1M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003490	−0.013%	$11.4M	$19.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003489	−0.033%	$2.6M	$9.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003489	−0.033%	$865K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003490	−0.004%	$9.6M	$7.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003489	−0.036%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003490	−0.004%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003491	+0.025%	—	$4.6M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	+0.079%	$322K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003489	−0.033%	$59K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003501	+0.311%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003489	−0.033%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003504	+0.397%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003488	−0.075%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003488	−0.061%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.044%	$583	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0323%	1h	0.000003490	−0.004%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0802%	1h	0.000003498	+0.225%	$10.3M	$4.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0991%	1h	0.000003493	+0.082%	$31K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2401%	1h	0.000003497	+0.190%	$223K	$178K	50x	as long as short