Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.022%

Price spread now: Aevo against BloFin+0.055%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Aevo is 0.055% dearer against BloFin than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin 1000BONK-USDT	0.000003630	0.0145	pay 0.0072% / 4h	1h 46m	$1.1M	$19.0M	75x
Short	Aevo 1000BONK-PERP	0.000003632	0.0104	get 0.0013% / 1h	46m 46s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.055%Rate

Funding earned: −$8.55
Price spread: +0.055% → 0.000%: $5.51
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$31.04
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 min ago; Aevo: 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 BloFin live order book, 2 min ago	1.37 bp	16.2 bp −$16	19.7 bp −$197	72.9 bp −$7,287	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0016%	1h	0.000003624	−0.165%	$44K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003630	0.000%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003630	+0.003%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.807%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003632	+0.053%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003646	+0.441%	$52K	$120K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003635	+0.140%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003634	+0.110%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003636	+0.162%	$18.7M	$77.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003632	+0.061%	$12.3M	$23.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003630	0.000%	$3.0M	$13.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003633	+0.083%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003636	+0.165%	$11.6M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003633	+0.072%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003624	−0.165%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003633	+0.083%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003625	−0.140%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003631	+0.028%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003626	−0.110%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003637	+0.193%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003634	+0.110%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003632	+0.055%	$103K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003631	+0.028%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERPshort	+0.0104%	1h	0.000003632	+0.055%	$4K	—	3x
BloFin 1000BONK-USDTlong	+0.0145%	4h	0.000003630	long leg	$1.1M	$19.0M	75x
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.355%	$400	—	100x	as long as short
Lighter 1000BONK	+0.0216%	1h	0.000003635	+0.138%	$254K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0301%	1h	0.000003634	+0.110%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1203%	1h	0.000003640	+0.275%	$12.0M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1599%	1h	0.000003637	+0.193%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2964%	1h	0.000003643	+0.353%	$224K	$219K	50x	as long as short