Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Nado against BingX−0.014%7-day average +0.011% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+1.152%+$115 · spread now −0.014%, 7d avg +0.011%

Together, before fees+1.121%+ Points / potential airdropNado: Active · farm board+$112 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 0.025% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003465	0.0100	pay 0.0050% / 4h	3h 21m	—	$6.5M	—
Short	Nado kBONK-PERP	0.000003464	0.0100	get 0.0012% / 1h	21m 59s	$66K	$141K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.011%: −$2.5
Slippage, 4 orders: −$61.28
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$80.78
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Nado: live order book, 46 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 BingX live order book, 13 min ago	4.30 bp	22.5 bp −$22	75.7 bp −$757	490.4 bp −$49.0K	722.9 bp −$361.5K
Sell Nado live order book, 46 min ago	2.83 bp	16.7 bp −$17	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	−0.0024%	1h	0.000003430	−1.010%	$43K	$82K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003464	−0.020%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.512%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003464	−0.015%	$4	—	15x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003464	−0.014%	$66K	$141K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003468	+0.087%	$47K	$295K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003459	−0.173%	$115K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003466	+0.031%	$17.9M	$90.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003466	+0.029%	$12.4M	$27.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003464	−0.029%	$3.0M	$15.1M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDT	+0.0100%	4h	0.000003462	−0.087%	$916K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003468	+0.087%	$11.0M	$10.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003468	+0.087%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003458	−0.202%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003465	long leg	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003417	−1.390%	$319K	$96K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003420	−1.299%	$58K	$698K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003463	−0.058%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003471	+0.173%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003466	+0.029%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003470	+0.144%	$99K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003461	−0.126%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003464	−0.029%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0119%	4h	0.000003458	−0.202%	$1.1M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.420%	$528	—	100x	as long as short
dYdX BONK-USD	+0.0212%	1h	0.000003459	−0.161%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0280%	1h	0.000003468	+0.087%	$247K	$767K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0327%	1h	0.000003466	+0.029%	$24K	$174K	10x	as long as short
Hyperliquid kBONK	+0.0603%	1h	0.000003471	+0.173%	$11.8M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1632%	1h	0.000003473	+0.231%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2993%	1h	0.000003468	+0.098%	$176K	$273K	50x	as long as short