Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against KuCoin+0.096%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.096% dearer against KuCoin than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003347	0.0100	pay 0.0050% / 4h	13m 30s	$2.7M	$9.9M	75x
Short	gTrade (Gains Network) BONK/USD	0.000003350	L 0.0000% / S +0.0001%	pay 0.0000% / 1h	13m 30s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.096%Rate

Funding earned: −$21.17
Price spread: +0.096% → 0.000%: $9.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; gTrade (Gains Network): 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 KuCoin live order book, 5 min ago	2.98 bp	29.0 bp −$29	298.8 bp −$2,988	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0456%	1h	0.000003344	−0.081%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003350	+0.099%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0066%	4h	0.000003348	+0.039%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USDshort	L 0.0000% / S +0.0001%	1h	0.000003350	+0.096%	$1K	—	150x
dYdX BONK-USD	0.0000%	1h	0.000003350	+0.113%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003347	+0.009%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.172%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003348	+0.040%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003354	+0.218%	$189K	$301K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003351	+0.128%	$19K	$106K	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	0.000003356	+0.263%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003352	+0.158%	$113K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003345	−0.039%	$15.1M	$52.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003344	−0.084%	$10.2M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003350	+0.099%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003351	+0.128%	$715K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003343	−0.111%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003347	long leg	$2.7M	$9.9M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003346	−0.021%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003350	+0.099%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003349	+0.069%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003358	+0.338%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003355	+0.248%	$56K	$701K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003351	+0.128%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003347	+0.009%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003352	+0.158%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003349	+0.066%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003347	+0.009%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.359%	$559	—	100x	as long as short
Hyperliquid kBONK	+0.1199%	1h	0.000003356	+0.278%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1461%	1h	0.000003354	+0.222%	$204K	$150K	50x	as long as short