Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)+0.169%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 SunX

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 SunX is 0.169% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 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	0.000003487	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	26m 24s	$24	—	150x
Short	SunX BONK-USDT	0.000003493	0.0100	get 0.0050% / 4h	2h 26m	$2K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $20.88
Price spread: +0.169% → 0.000%: $16.92
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $19.8
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.0136%	1h	0.000003489	+0.054%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	+0.095%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003487	long leg	$24	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.111%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0037%	1h	0.000003490	+0.083%	$9K	$134K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003490	+0.082%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003488	+0.026%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003489	+0.054%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.178%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003490	+0.083%	$116K	$123K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003492	+0.147%	$17.8M	$71.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003485	−0.060%	$11.5M	$22.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003488	+0.026%	$2.8M	$11.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003488	+0.026%	$902K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003490	+0.083%	$10.3M	$8.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003493	+0.163%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003487	−0.003%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003487	−0.003%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003499	+0.354%	$325K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003521	+0.972%	$59K	$703K	25x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003493	+0.169%	$2K	$13K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003491	+0.112%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003513	+0.743%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003487	−0.002%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003488	+0.026%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0113%	4h	0.000003498	+0.313%	$1.0M	$17.8M	75x	as long as short
Lighter 1000BONK	+0.0128%	1h	0.000003494	+0.198%	$246K	$717K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−13.969%	$385	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.1599%	1h	0.000003496	+0.255%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1604%	1h	0.000003496	+0.255%	$11.7M	$6.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2660%	1h	0.000003496	+0.245%	$214K	$218K	50x	as long as short