Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against OKX+0.019%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003631	0.0100	pay 0.0100% / 8h	1h 45m	$3.0M	$13.1M	20x
Short	Extended 1000BONK-USD	0.000003632	0.0104	get 0.0013% / 1h	45m 36s	$24K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → 0.000%: $1.91
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.25
Costs to cover: 0.150%
Break-even: 109.1 days

Slippage unknown: OKX: live order book, 3 min ago; Extended: 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 OKX live order book, 3 min ago	1.37 bp	14.5 bp −$14	43.3 bp −$433	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0016%	1h	0.000003624	−0.193%	$44K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003629	−0.045%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003623	−0.212%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0026%	1h	0.000003626	−0.138%	$20K	$155K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.832%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003625	−0.167%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003625	−0.151%	$51K	$120K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003632	+0.028%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003632	+0.028%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003629	−0.058%	$18.6M	$77.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003626	−0.143%	$12.3M	$23.8M	50x	as long as short
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003631	long leg	$3.0M	$13.1M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003630	−0.028%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003631	0.000%	$11.6M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003629	−0.061%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003627	−0.110%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003629	−0.055%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003623	−0.210%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003631	0.000%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003627	−0.110%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003632	+0.028%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003629	−0.055%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003631	0.000%	$103K	$130K	30x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003632	+0.019%	$24K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003625	−0.165%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0145%	4h	0.000003630	−0.028%	$1.1M	$19.0M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.378%	$400	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003634	+0.083%	$253K	$738K	10x	as long as short
Hyperliquid kBONK	+0.1183%	1h	0.000003638	+0.193%	$12.0M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1576%	1h	0.000003633	+0.055%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2967%	1h	0.000003639	+0.209%	$224K	$219K	50x	as long as short