Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.168%

Price spread now: Aster against Coinbase International+0.114%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.114% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread 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	Coinbase International 1000BONK-PERP-INTX	0.000003510	−0.0312	get 0.0039% / 1h	29m 04s	$44K	$39K	50x
Short	Aster 1000BONKUSDT	0.000003514	0.0100	get 0.0050% / 4h	3h 29m	$81K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.114%Rate

Funding earned: $86.52
Price spread: +0.114% → 0.000%: $11.4
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $79.92
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 23 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 23 min ago	10.02 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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-INTXlong	−0.0312%	1h	0.000003510	long leg	$44K	$39K	50x
dYdX BONK-USD	0.0000%	1h	0.000003510	+0.008%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003512	+0.057%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.724%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003507	−0.085%	$6K	$123K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003509	−0.028%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003512	+0.053%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003511	+0.043%	$40K	$104K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003514	+0.114%	$81K	$250K	10x
Pacifica kBONK	+0.0100%	1h	0.000003516	+0.171%	$118K	$107K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003510	0.000%	$17.2M	$62.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003507	−0.085%	$11.4M	$19.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003508	−0.057%	$2.6M	$9.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003509	−0.028%	$873K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003509	−0.028%	$9.8M	$7.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003510	−0.006%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	−0.114%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003509	−0.028%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003521	+0.310%	$327K	$139K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003521	+0.313%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003516	+0.171%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003510	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003521	+0.313%	$100K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003507	−0.086%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003508	−0.057%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0113%	4h	0.000003512	+0.057%	$996K	$16.4M	75x	as long as short
Lighter 1000BONK	+0.0168%	1h	0.000003514	+0.114%	$246K	$692K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.530%	$587	—	100x	as long as short
Hyperliquid kBONK	+0.0839%	1h	0.000003516	+0.171%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1399%	1h	0.000003515	+0.142%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2384%	1h	0.000003522	+0.345%	$224K	$178K	50x	as long as short