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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.2078%/8h= +227.5% APRnext payment +$2.60 per $10,000 · paid last 24h +0.099%
Price spread now: Kraken Futures against dYdX+0.625%7-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 5 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 +$62 a day on $10k at the current rate, and Kraken Futures is 0.625% dearer against dYdX than usual: you sell high and buy low: +$63 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000033690get 0.0000% / 1h40m 06s$12K$3K10x
ShortKraken Futures PF_BONKUSD0.0000033910.2078get 0.0260% / 1h40m 06s$211K$165K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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
$436.35
Price spread: +0.625% → 0.000%
$62.55
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$478.9
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 27 min ago. 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 dYdX no order-book sample
Sell Kraken Futures live order book, 27 min ago33.60 bp46.5 bp −$4797.7 bp −$977doesn't fitdoesn't fit
dYdX: 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-INTX−0.0336%1h0.000003369−0.015%$43K$26K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003414+1.321%$939K$14.9M75xas long as short
Orderly PERP_1000BONK_USDC−0.0018%4h0.000003372+0.074%$29K$49K20xas long as short
dYdX BONK-USDlong0.0000%1h0.000003369long leg$12K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003369−0.021%$23150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.834%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0046%1h0.000003377+0.223%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003367−0.074%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003364−0.148%$25K$115K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003384+0.427%$65K$253K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003373+0.104%$112K$125K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003379+0.272%$15.9M$55.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003380+0.303%$10.7M$17.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003384+0.430%$2.5M$8.2M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003382+0.371%$736K$2.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003387+0.520%$9.4M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003379+0.288%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003379+0.282%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003381+0.341%$4.7Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003379+0.281%$309K$127Kas long as short
SunX BONK-USDT+0.0100%4h0.000003388+0.549%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003380+0.312%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003372+0.074%$95K$161K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003378+0.244%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003373+0.104%$4K3xas long as short
ApeX Omni 1000BONKUSDT+0.0145%1h0.000003411+1.232%$57K$714K25xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−10.966%$562100xas long as short
Lighter 1000BONK+0.0264%1h0.000003387+0.520%$231K$666K10xas long as short
Backpack kBONK_USDC_PERP+0.0299%1h0.000003383+0.401%$30K$7K10xas long as short
Hyperliquid kBONK+0.0865%1h0.000003388+0.549%$10.0M$7.5M10xas long as short
Kraken Futures PF_BONKUSDshort+0.2078%1h0.000003391+0.625%$211K$165K50x