Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)+0.130%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.130% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BONK/USD	0.000003386	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	46m 45s	$23	—	150x
Short	KuCoin 1000BONKUSDTM	0.000003390	0.0100	get 0.0050% / 4h	1h 46m	$2.6M	$9.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.130%Rate

Funding earned: $20.88
Price spread: +0.130% → 0.000%: $13
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $11.88
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 2 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	2.95 bp	24.4 bp −$24	124.7 bp −$1,247	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0336%	1h	0.000003385	−0.018%	$46K	$31K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003390	+0.130%	—	$15.1M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0045%	1h	0.000003385	−0.018%	$2K	$110K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003389	+0.112%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003386	long leg	$23	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.296%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0039%	4h	0.000003385	−0.018%	$29K	$58K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003386	+0.010%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003395	+0.278%	$224K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003387	+0.056%	$27K	$102K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003390	+0.123%	$78K	$256K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003389	+0.100%	$114K	$115K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003390	+0.144%	$15.9M	$56.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003388	+0.062%	$10.7M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003387	+0.041%	$2.5M	$8.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003386	+0.012%	$845K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003389	+0.100%	$9.7M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003390	+0.130%	$2.6M	$9.9M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003386	+0.012%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003387	+0.041%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003389	+0.100%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003426	+1.188%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	+0.248%	$57K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003391	+0.159%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003386	+0.012%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003391	+0.159%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003391	+0.151%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003383	−0.077%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.389%	$566	—	100x	as long as short
Hyperliquid kBONK	+0.0604%	1h	0.000003396	+0.307%	$10.0M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2048%	1h	0.000003392	+0.197%	$219K	$174K	50x	as long as short