Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Aevo against Bybit+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 Bybit 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003494	0.0100	pay 0.0050% / 4h	2h 28m	$11.5M	$22.2M	50x
Short	Aevo 1000BONK-PERP	0.000003494	0.0104	get 0.0013% / 1h	28m 03s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.014%Rate

Funding earned: $0.84
Price spread: +0.014% → 0.000%: $1.43
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$24.73
Costs to cover: 0.270%
Break-even: 213.1 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.43 bp	14.2 bp −$14	37.8 bp −$378	doesn't fit	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	−0.0136%	1h	0.000003489	−0.129%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.100%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003493	−0.014%	$9K	$134K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003492	−0.054%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.283%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003494	+0.013%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003494	+0.014%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003499	+0.157%	$246K	$717K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003494	+0.014%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003501	+0.210%	$58K	$299K	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	0.000003495	+0.043%	$116K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003497	+0.092%	$17.9M	$71.3M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003494	long leg	$11.5M	$22.2M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003496	+0.072%	$2.8M	$11.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003492	−0.043%	$922K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003497	+0.100%	$10.4M	$8.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003495	+0.034%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003493	−0.014%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003496	+0.072%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003499	+0.171%	$325K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003497	+0.100%	$59K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003499	+0.157%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003495	+0.043%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003501	+0.215%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003494	+0.001%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERPshort	+0.0104%	1h	0.000003494	+0.014%	$4K	—	3x
BloFin 1000BONK-USDT	+0.0119%	4h	0.000003513	+0.558%	$1.0M	$17.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.126%	$385	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.1607%	1h	0.000003500	+0.186%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1624%	1h	0.000003504	+0.301%	$11.8M	$6.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2655%	1h	0.000003502	+0.240%	$215K	$218K	50x	as long as short