Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h +0.512%

Price spread now: Aster against GMX+20.709%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 20.709% dearer against GMX than usual: you sell high and buy low (spread +20.709% now, against zero (this spread has no 7-day history yet)): +$2,071 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0194% / S −0.2801%	pay 0.0024% / 1h	55m 14s	$399	—	100x
Short	Aster 1000BONKUSDT	0.000003621	0.0100	get 0.0050% / 4h	1h 55m	$61K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee GMXbpFee AsterbpOrdersPrice spread, now +20.709%Rate

Funding earned: −$19.77
Price spread: +20.709% → 0.000%: $2,070.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $2,031.17
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Aster: live order book, 52 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 52 min ago	12.80 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.0016%	1h	0.000003606	+20.200%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003616	+20.546%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003624	+20.810%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	+9.133%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003630	+21.014%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003631	+21.033%	$52K	$119K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003621	+20.709%	$61K	$301K	10x
Pacifica kBONK	+0.0100%	1h	0.000003616	+20.533%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003627	+20.916%	$18.6M	$76.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003622	+20.723%	$12.3M	$23.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003625	+20.833%	$3.0M	$13.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003622	+20.733%	$999K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003624	+20.800%	$11.0M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003624	+20.793%	$2.9M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003624	+20.800%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003621	+20.700%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003608	+20.262%	$335K	$142K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003622	+20.733%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003633	+21.100%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003630	+21.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003633	+21.100%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003628	+20.919%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003621	+20.700%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0157%	4h	0.000003632	+21.067%	$1.1M	$18.9M	75x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0194% / S −0.2801%	1h	0.000003000	long leg	$399	—	100x
Lighter 1000BONK	+0.0576%	1h	0.000003632	+21.067%	$253K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0853%	1h	0.000003629	+20.967%	$20K	$155K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0866%	1h	0.000003639	+21.300%	$61K	$706K	25x	as long as short
Hyperliquid kBONK	+0.1320%	1h	0.000003633	+21.100%	$12.0M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2256%	1h	0.000003626	+20.867%	$58K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2963%	1h	0.000003644	+21.452%	$224K	$219K	50x	as long as short