Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.031%

Price spread now: KuCoin against Nado−0.104%7-day average +0.039% · 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−$90as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 3 days (all we have)−1.089%−$109 · spread now −0.104%, 7d avg +0.039%

Together, before fees−1.058%+ Points / potential airdropNado: Active · farm board−$106 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.143% cheaper against Nado than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003356	0.0100	pay 0.0012% / 1h	21m 58s	$17K	$104K	10x
Short	KuCoin 1000BONKUSDTM	0.000003353	0.0100	get 0.0050% / 4h	21m 58s	$2.7M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.039%: −$14.33
Slippage, 4 orders: −$56.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.55
Costs to cover: 0.752%
Break-even: 30051816768481.2 days

Slippage from Nado: live order book, 9 min ago; KuCoin: live order book, 10 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, 9 min ago	2.96 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.96 bp	20.9 bp −$21	118.8 bp −$1,188	doesn't fit	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	−0.0280%	1h	0.000003361	+0.134%	$43K	$20K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003365	+0.253%	$1.0M	$12.6M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0040%	4h	0.000003353	−0.104%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003355	−0.033%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003360	+0.104%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003354	−0.074%	$11K	$100K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.458%	$3K	$9K	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003355	−0.057%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003355	−0.045%	$197K	$273K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003356	long leg	$17K	$104K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.067%	$64K	$238K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003362	+0.164%	$114K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003356	−0.006%	$15.1M	$47.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003356	−0.015%	$10.1M	$15.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003357	+0.015%	$2.4M	$7.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003355	−0.045%	$740K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003352	−0.134%	$10.2M	$6.2M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003353	−0.104%	$2.7M	$9.5M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003353	−0.104%	$4.2M	$2.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003356	−0.015%	—	$8.2M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003358	+0.045%	$30K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003362	+0.178%	$302K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003365	+0.253%	$57K	$689K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003366	+0.283%	$2K	$11K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003355	−0.045%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003369	+0.372%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003352	−0.123%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003352	−0.134%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.621%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0721%	1h	0.000003362	+0.164%	$10.0M	$6.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1250%	1h	0.000003364	+0.221%	$205K	$180K	50x	as long as short