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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.024%
Price spread now: Reya against Injective+11.726%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 fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Reya is 11.726% dearer against Injective than usual: you sell high and buy low: +$1,173 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BONK/USDC PERP0.0000032740.0033pay 0.0004% / 1h7m 01s$3K$1135.5x
ShortReya kBONKRUSDPERP0.0000036580.0083get 0.0010% / 1h7m 01s$415x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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
$10.4
Price spread: +11.726% → 0.000%
$1,172.59
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Reya: 3 bp × 2 orders
−$6
Net
$1,176.97
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Reya: 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 Injective no order-book sample
Sell Reya no order-book sample
Injective and Reya: 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−0.0136%1h0.000003652+11.546%$44K$52K50xas long as short
dYdX BONK-USD0.0000%1h0.000003659+11.771%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003650+11.487%$25150xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
BloFin 1000BONK-USDT+0.0060%4h0.000003656+11.668%$1.0M$18.9M75xas long as short
Reya kBONKRUSDPERPshort+0.0083%1h0.000003658+11.726%$415x
Orderly PERP_1000BONK_USDC+0.0099%4h0.000003654+11.607%$31K$53K20xas long as short
Nado kBONK-PERP+0.0100%1h0.000003656+11.668%$51K$119K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003654+11.605%$61K$301K10xas long as short
Pacifica kBONK+0.0100%1h0.000003664+11.912%$125K$129K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003650+11.484%$18.8M$75.0M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003643+11.261%$12.3M$23.2M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003649+11.454%$2.9M$12.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003654+11.607%$991K$3.2M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003648+11.423%$11.5M$8.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003648+11.436%$3.0M$10.6M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003645+11.332%$4.6M$4.2M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003648+11.423%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003600+9.953%$335K$141Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003602+10.018%$61K$704K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003659+11.759%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003657+11.698%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003664+11.912%$104K$131K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003654+11.621%$24K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003650+11.484%$4K3xas long as short
Lighter 1000BONK+0.0168%1h0.000003659+11.759%$256K$732K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−8.369%$404100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0572%1h0.000003654+11.607%$20K$155K10xas long as short
Hyperliquid kBONK+0.1562%1h0.000003656+11.668%$12.2M$7.0M10xas long as short
Backpack kBONK_USDC_PERP+0.1660%1h0.000003656+11.668%$49K$18K10xas long as short
Kraken Futures PF_BONKUSD+0.2537%1h0.000003666+11.960%$226K$219K50xas long as short