Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.123%
Price spread now: gTrade (Gains Network) against Coinbase International+0.157%68s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.157% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000BONK-PERP-INTX0.000003626−0.0016get 0.0002% / 1h24m 45s$46K$62K50x
ShortgTrade (Gains Network) BONK/USD0.000003632L +0.0001% / S +0.0001%pay 0.0000% / 1h24m 45s$25150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
$3.19
Price spread: +0.157% → 0.000%
$15.72
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$1.09
Costs to cover
0.200%
Break-even
9.4 days
Slippage unknown: Coinbase International: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell gTrade (Gains Network) no order-book sample
Coinbase International and gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTXlong−0.0016%1h0.000003626long leg$46K$62K50x
dYdX BONK-USD0.0000%1h0.000003629+0.093%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDshortL +0.0001% / S +0.0001%1h0.000003632+0.157%$25150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−9.708%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003632+0.164%$415xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003631+0.130%$60K$303K10xas long as short
Pacifica kBONK+0.0100%1h0.000003637+0.303%$121K$138K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003627+0.017%$18.7M$79.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003621−0.130%$12.5M$24.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003625−0.028%$3.0M$13.7M20xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BONK_USDT+0.0100%4h0.000003625−0.028%$963K$3.4M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003625−0.028%$12.1M$9.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003626+0.014%$3.1M$10.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003622−0.110%$4.7M$4.7M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003625−0.028%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003630+0.107%$341K$147Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003631+0.138%$61K$706K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003631+0.152%$55K$123K10xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003627+0.028%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003632+0.165%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003628+0.055%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003631+0.138%$103K$131K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003628+0.059%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003625−0.028%$4K3xas long as short
Lighter 1000BONK+0.0144%1h0.000003625−0.028%$253K$747K10xas long as short
BloFin 1000BONK-USDT+0.0157%4h0.000003631+0.138%$1.1M$19.4M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−17.264%$555100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0301%1h0.000003629+0.083%$25K$165K10xas long as short
Hyperliquid kBONK+0.1273%1h0.000003630+0.110%$12.5M$7.8M10xas long as short
Backpack kBONK_USDC_PERP+0.1759%1h0.000003632+0.165%$56K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2969%1h0.000003636+0.286%$224K$222K50xas long as short