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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0071%/8h= −7.7% APRnext payment $0.09 per $10,000 · paid last 24h −0.028%
Price spread now: Injective against Extended−4.836%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.836% cheaper against Extended than usual: you would sell low and buy high (−$484 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000BONK-USD0.0000034400.0104pay 0.0013% / 1h53m 12s$22K$5K25x
ShortInjective BONK/USDC PERP0.0000032740.0033get 0.0004% / 1h53m 12s$3K$575.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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
−$14.84
Price spread: −4.836% → 0.000%
−$483.57
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$503.43
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Injective: 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 Extended no order-book sample
Sell Injective no order-book sample
Extended and Injective: 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 exchanges

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−0.0056%1h0.000003447+0.193%$45K$91K50xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003444+0.106%$24K$162K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003440−0.016%$24150xas long as short
Injective BONK/USDC PERPshort+0.0033%1h0.000003274−4.836%$3K$575.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003441+0.009%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003446+0.164%$244K$735K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003440+0.004%$67K$133K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003446+0.173%$54K$218K10xas long as short
Pacifica kBONK+0.0100%1h0.000003444+0.106%$114K$150K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003443+0.086%$17.7M$89.5M75xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003444+0.103%$12.1M$26.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003439−0.040%$3.0M$14.6M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003441+0.018%$915K$3.3M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003444+0.106%$10.8M$10.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003445+0.129%$2.9M$10.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003437−0.098%$4.4M$5.2M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003441+0.018%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003440−0.022%$335K$126Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003451+0.309%$58K$693K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003444+0.106%$29K$47K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003448+0.222%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003442+0.048%$2K$10K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003450+0.280%$98K$137K30xas long as short
Extended 1000BONK-USDlong+0.0104%1h0.000003440long leg$22K$5K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003442+0.048%$4K3xas long as short
BloFin 1000BONK-USDT+0.0115%4h0.000003442+0.048%$1.1M$19.7M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−12.800%$526100xas long as short
Hyperliquid kBONK+0.0384%1h0.000003443+0.077%$11.7M$8.2M10xas long as short
Backpack kBONK_USDC_PERP+0.1188%1h0.000003445+0.135%$54K$25K10xas long as short
Kraken Futures PF_BONKUSD+0.1650%1h0.000003445+0.141%$175K$253K50xas long as short
dYdX BONK-USD+0.2640%1h0.000003439−0.041%$13K$12K10xas long as short