Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%

Price spread now: Extended against Bybit+0.160%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.160% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003372	0.0100	pay 0.0050% / 4h	1h 08m	$10.7M	$18.1M	50x
Short	Extended 1000BONK-USD	0.000003378	0.0104	get 0.0013% / 1h	8m 03s	$22K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0.84
Price spread: +0.160% → 0.000%: $16
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.84
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Bybit: live order book, just now; Extended: 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, just now	1.48 bp	11.0 bp −$11	32.0 bp −$320	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0336%	1h	0.000003372	−0.006%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003375	+0.093%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003378	+0.175%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.912%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0046%	1h	0.000003376	+0.113%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0064%	4h	0.000003373	+0.024%	$29K	$57K	20x	as long as short
BloFin 1000BONK-USDT	+0.0073%	4h	0.000003381	+0.261%	$955K	$15.0M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003376	+0.124%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003380	+0.231%	$223K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003375	+0.098%	$27K	$96K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003374	+0.043%	$78K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003377	+0.142%	$113K	$104K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003375	+0.089%	$16.2M	$57.6M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003372	long leg	$10.7M	$18.1M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003374	+0.053%	$2.5M	$8.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003375	+0.083%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003372	−0.006%	$9.5M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003374	+0.050%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.006%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003375	+0.083%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003378	+0.172%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003386	+0.419%	$307K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003398	+0.765%	$57K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003383	+0.320%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003377	+0.142%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+0.528%	$96K	$119K	30x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003378	+0.160%	$22K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003374	+0.053%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.037%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0805%	1h	0.000003382	+0.291%	$10.0M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2053%	1h	0.000003385	+0.373%	$219K	$174K	50x	as long as short