Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: Binance against Nado−0.016%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.576%−$58 · spread now −0.016%, 7d avg +0.004%

Together, before fees−0.567%+ Points / potential airdropNado: Active · farm board−$57 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003422	0.0100	pay 0.0012% / 1h	15m 15s	$31K	$101K	10x
Short	Binance 1000BONKUSDT	0.000003421	0.0100	get 0.0050% / 4h	15m 15s	$16.6M	$59.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.004%: −$1.98
Slippage, 4 orders: −$42.35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.34
Costs to cover: 0.594%
Break-even: 20939106892884.7 days

Slippage from Nado: live order book, 13 min ago; Binance: live order book, 12 min ago.

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 Nado live order book, 13 min ago	4.39 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.46 bp	13.0 bp −$13	29.5 bp −$295	127.6 bp −$12.8K	doesn't fit

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	−0.0320%	1h	0.000003390	−0.935%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003420	−0.047%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003422	−0.012%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.325%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0042%	1h	0.000003422	0.000%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0076%	4h	0.000003421	−0.029%	$29K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003421	−0.031%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0094%	4h	0.000003423	+0.029%	$974K	$15.5M	75x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003425	+0.088%	$224K	$672K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003422	long leg	$31K	$101K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003426	+0.103%	$79K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003418	−0.117%	$114K	$109K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003421	−0.016%	$16.6M	$59.8M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003419	−0.076%	$10.9M	$18.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003420	−0.058%	$2.5M	$9.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003422	0.000%	$818K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003420	−0.058%	$9.0M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003421	−0.032%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003421	−0.029%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003422	0.000%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003417	−0.149%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003417	−0.146%	$58K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003428	+0.175%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003422	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003430	+0.234%	$97K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003422	−0.012%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003420	−0.058%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.332%	$572	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0344%	1h	0.000003418	−0.117%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0773%	1h	0.000003429	+0.205%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2457%	1h	0.000003430	+0.239%	$221K	$177K	50x	as long as short