Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h +0.059%

Price spread now: SunX against Deribit+0.254%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on SunX

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. SunX is 0.254% dearer against Deribit than usual: you sell high and buy low (spread +0.254% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003548	0.0314	pay 0.0039% / 1h	36m 57s	$35K	$164K	10x
Short	SunX BONK-USDT	0.000003557	0.0100	get 0.0050% / 4h	36m 57s	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.254%Rate

Funding earned: −$44.94
Price spread: +0.254% → 0.000%: $25.37
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.58
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Deribit: live order book, 32 min ago; SunX: 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 Deribit live order book, 32 min ago	9.76 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX no order-book sample	—	—	—	—	—

SunX: 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	−0.0040%	1h	0.000003537	−0.310%	$43K	$64K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003550	+0.056%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003548	+0.003%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.723%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0056%	4h	0.000003548	0.000%	$1.1M	$20.1M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003550	+0.067%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003551	+0.099%	$64K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003550	+0.057%	$59K	$318K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003551	+0.085%	$118K	$148K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003550	+0.056%	$18.3M	$85.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003547	−0.020%	$12.4M	$26.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003548	0.000%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003550	+0.056%	$995K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003552	+0.113%	$11.6M	$9.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003550	+0.068%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003549	+0.028%	$4.6M	$5.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003549	+0.028%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003571	+0.657%	$336K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003578	+0.846%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003548	0.000%	$30K	$52K	20x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003557	+0.254%	$2K	$15K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003550	+0.056%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003554	+0.169%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003549	+0.029%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003550	+0.056%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.445%	$542	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	+0.0314%	1h	0.000003548	long leg	$35K	$164K	10x
Lighter 1000BONK	+0.0512%	1h	0.000003553	+0.141%	$247K	$762K	10x	as long as short
Hyperliquid kBONK	+0.1027%	1h	0.000003555	+0.197%	$12.2M	$8.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1626%	1h	0.000003561	+0.366%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4476%	1h	0.000003561	+0.355%	$182K	$262K	50x	as long as short