Settings8H · net · $10k
Funding arb · Price arb /

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.075%
Price spread now: KuCoin against Orderly+0.138%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.541%+$54 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.138% dearer against Orderly than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000BONK_USDC0.0000034880.0092pay 0.0046% / 4h2h 26m$30K$53K20x
ShortKuCoin 1000BONKUSDTM0.0000034930.0100get 0.0050% / 4h2h 26m$3.0M$10.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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

Funding earned
$1.61
Price spread: +0.138% → 0.000%
$13.76
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$2.63
Costs to cover
0.180%
Break-even
18.4 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell KuCoin live order book, 2 min ago4.29 bp30.3 bp −$30133.1 bp −$1,331doesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0136%1h0.000003489+0.029%$43K$47K50xas long as short
dYdX BONK-USD0.0000%1h0.000003490+0.069%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003487−0.026%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.135%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0037%1h0.000003490+0.057%$9K$134K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003491+0.085%$415xas long as short
Orderly PERP_1000BONK_USDClong+0.0092%4h0.000003488long leg$30K$53K20x
Nado kBONK-PERP+0.0100%1h0.000003492+0.129%$42K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003498+0.298%$58K$299K10xas long as short
Pacifica kBONK+0.0100%1h0.000003490+0.057%$116K$123K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003495+0.189%$17.9M$71.4M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003486−0.057%$11.5M$22.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.0000034880.000%$2.8M$11.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.0000034880.000%$902K$3.1M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003490+0.057%$10.3M$8.1M125xas long as short
KuCoin 1000BONKUSDTMshort+0.0100%4h0.000003493+0.138%$3.0M$10.4M75x
Bitget 1000BONKUSDT+0.0100%4h0.000003486−0.057%$4.5M$3.9M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003487−0.029%$4.9Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003499+0.328%$325K$141Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003521+0.946%$59K$703K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003493+0.143%$2K$13K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003491+0.086%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003513+0.717%$100K$130K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003490+0.044%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.0000034880.000%$4K3xas long as short
BloFin 1000BONK-USDT+0.0113%4h0.000003498+0.287%$1.0M$17.8M75xas long as short
Lighter 1000BONK+0.0128%1h0.000003494+0.172%$246K$717K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−13.991%$385100xas long as short
Backpack kBONK_USDC_PERP+0.1599%1h0.000003496+0.229%$46K$17K10xas long as short
Hyperliquid kBONK+0.1609%1h0.000003496+0.229%$11.7M$6.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2660%1h0.000003496+0.220%$214K$218K50xas long as short