Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.001%

Price spread now: BloFin against Nado0.000%7-day average +0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.156%+$16 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now 0.000%, 7d avg +0.013%

Together, before fees−0.014%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003645	0.0100	pay 0.0012% / 1h	4m 55s	$51K	$119K	10x
Short	BloFin 1000BONK-USDT	0.000003645	0.0158	get 0.0079% / 4h	2h 04m	$1.1M	$18.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $12.24
Price spread: 0.000% → +0.013%: −$1.31
Slippage, 4 orders: −$39.61
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$47.68
Costs to cover: 0.586%
Break-even: 34.3 days

Slippage from Nado: live order book, 13 min ago; BloFin: live order book, 4 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	4.23 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.36 bp	7.4 bp −$7	17.4 bp −$174	76.5 bp −$7,652	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	−0.0136%	1h	0.000003651	+0.165%	$45K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003647	+0.062%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003649	+0.110%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.178%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003649	+0.107%	$4	—	15x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003645	long leg	$51K	$119K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003638	−0.205%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003648	+0.082%	$124K	$129K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003632	−0.367%	$18.7M	$75.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003629	−0.453%	$12.2M	$23.4M	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	0.000003629	−0.439%	$2.9M	$12.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003636	−0.247%	$985K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003638	−0.192%	$11.2M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003640	−0.137%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003633	−0.329%	$4.6M	$4.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003628	−0.466%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003643	−0.059%	$337K	$142K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003645	0.000%	$31K	$53K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003646	+0.027%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003645	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003672	+0.741%	$105K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003637	−0.220%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003641	−0.110%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0158%	4h	0.000003645	0.000%	$1.1M	$18.8M	75x
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.695%	$402	—	100x	as long as short
Lighter 1000BONK	+0.0200%	1h	0.000003649	+0.110%	$255K	$739K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0269%	1h	0.000003661	+0.439%	$62K	$704K	25x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0848%	1h	0.000003648	+0.082%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1560%	1h	0.000003654	+0.247%	$12.2M	$7.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1655%	1h	0.000003651	+0.165%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2544%	1h	0.000003656	+0.292%	$225K	$219K	50x	as long as short