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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0093%/8h= −10.2% APRnext payment $0.12 per $10,000 · paid last 24h +0.854%
Price spread now: Aevo against GMX+17.300%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 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 pays, funding is against you. Aevo is 17.300% dearer against GMX than usual: you sell high and buy low (spread +17.300% now, against zero (this spread has no 7-day history yet)): +$1,730 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BONK/USD [ETH-USDC]0.000003000L +0.0197% / S −0.4340%pay 0.0025% / 1h20m 33s$589100x
ShortAevo 1000BONK-PERP0.0000035190.0104get 0.0013% / 1h20m 33s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
−$19.51
Price spread: +17.300% → 0.000%
$1,730
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
$1,682.49
Costs to cover
0.280%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Aevo: 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 GMX no order-book sample
Sell Aevo no order-book sample
GMX and Aevo: 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−0.0312%1h0.000003520+17.333%$44K$39K50xas long as short
dYdX BONK-USD0.0000%1h0.000003531+17.712%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003522+17.403%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274+9.133%$3K$1135.5xas long as short
Orderly PERP_1000BONK_USDC+0.0082%4h0.000003519+17.300%$30K$54K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003524+17.463%$415xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003528+17.606%$82K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003528+17.600%$119K$107K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003542+18.058%$17.5M$63.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003532+17.737%$11.5M$19.7M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003538+17.933%$2.6M$10.0M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003535+17.833%$882K$2.8M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003530+17.667%$9.9M$7.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003517+17.243%$3.0M$10.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003533+17.767%$4.5M$3.2M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003534+17.800%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003518+17.263%$326K$140Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003516+17.200%$59K$707K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003526+17.533%$38K$108K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003524+17.467%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003520+17.333%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003531+17.700%$100K$121K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003536+17.868%$23K$4K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003519+17.300%$4K3x
BloFin 1000BONK-USDT+0.0107%4h0.000003518+17.267%$1.0M$16.6M75xas long as short
GMX BONK/USD [ETH-USDC]longL +0.0197% / S −0.4340%1h0.000003000long leg$589100x
Lighter 1000BONK+0.0224%1h0.000003530+17.667%$247K$692K10xas long as short
Hyperliquid kBONK+0.0839%1h0.000003525+17.500%$10.4M$5.0M10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.1171%1h0.000003524+17.467%$6K$123K10xas long as short
Backpack kBONK_USDC_PERP+0.1423%1h0.000003520+17.333%$48K$16K10xas long as short
Kraken Futures PF_BONKUSD+0.2379%1h0.000003530+17.653%$225K$178K50xas long as short