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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: SoDEX against dYdX−0.013%7-day average · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000033900get 0.0000% / 1h39m 01s$12K$3K10x
ShortSoDEX 1000BONK-USD0.0000033900.0100get 0.0013% / 1h39m 01s$2K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$21
Price spread: −0.013% → 0.000%
−$1.35
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$1.65
Costs to cover
0.180%
Break-even
6.4 days
Slippage unknown: dYdX: no order-book sample; SoDEX: 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 dYdX no order-book sample
Sell SoDEX no order-book sample
dYdX and SoDEX: 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%1h0.000003369−0.633%$43K$26K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003414+0.694%$939K$14.9M75xas long as short
Orderly PERP_1000BONK_USDC−0.0017%4h0.000003387−0.102%$29K$49K20xas long as short
dYdX BONK-USDlong0.0000%1h0.000003390long leg$12K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003392+0.040%$23150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.435%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0045%1h0.000003390−0.013%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003395+0.133%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003396+0.163%$26K$115K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003388−0.061%$65K$253K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003389−0.043%$112K$125K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003389−0.033%$16.0M$56.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003390−0.025%$10.7M$17.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003389−0.043%$2.5M$8.2M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003387−0.102%$737K$2.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003390−0.013%$9.5M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003389−0.034%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003387−0.102%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003387−0.102%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003379−0.339%$309K$127Kas long as short
SunX BONK-USDT+0.0100%4h0.000003396+0.163%$2K$12K20xas long as short
SoDEX 1000BONK-USDshort+0.0100%1h0.000003390−0.013%$2K$6K10x
HTX BONK-USDT+0.0100%4h0.000003392+0.045%$96K$161K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003387−0.097%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003388−0.072%$4K3xas long as short
ApeX Omni 1000BONKUSDT+0.0145%1h0.000003411+0.606%$57K$714K25xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.516%$566100xas long as short
Lighter 1000BONK+0.0224%1h0.000003392+0.045%$231K$666K10xas long as short
Backpack kBONK_USDC_PERP+0.0320%1h0.000003393+0.075%$30K$7K10xas long as short
Hyperliquid kBONK+0.0869%1h0.000003397+0.193%$10.1M$7.5M10xas long as short
Kraken Futures PF_BONKUSD+0.2075%1h0.000003396+0.165%$212K$165K50xas long as short