Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Aster against Pacifica+0.273%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.273%, 7d avg +0.018%

Together, before fees−0.256%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$26 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: Aster is 0.256% dearer against Pacifica than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003378	0.0100	pay 0.0013% / 1h	25m 03s	$115K	$117K	10x
Short	Aster 1000BONKUSDT	0.000003387	0.0100	get 0.0050% / 4h	2h 25m	$65K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.273%Rate

Funding earned: $0
Price spread: +0.273% → +0.018%: $25.57
Slippage, 4 orders: −$65.03
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$55.46
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from Pacifica: live order book, 62 min ago; Aster: live order book, 61 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 Pacifica live order book, 62 min ago	4.42 bp	11.3 bp −$11	21.1 bp −$211	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	8.84 bp	17.8 bp −$18	doesn't fit	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	−0.0320%	1h	0.000003374	−0.118%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003383	+0.148%	$1.0M	$13.3M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0046%	1h	0.000003380	+0.059%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0041%	4h	0.000003385	+0.207%	$29K	$41K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003373	−0.152%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003381	+0.092%	$2K	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.079%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003382	+0.131%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003382	+0.118%	$200K	$290K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003387	+0.273%	$65K	$251K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONKlong	+0.0100%	1h	0.000003378	long leg	$115K	$117K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003378	0.000%	$15.3M	$50.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003379	+0.030%	$10.2M	$16.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003381	+0.089%	$2.5M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003375	−0.089%	$742K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003374	−0.118%	$10.2M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003374	−0.115%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003373	−0.148%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003375	−0.089%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003378	0.000%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003417	+1.151%	$305K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	+0.474%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003382	+0.133%	$18K	$107K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003387	+0.266%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003380	+0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003380	+0.059%	$79K	$118K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003381	+0.080%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003387	+0.266%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.190%	$566	—	100x	as long as short
Hyperliquid kBONK	+0.0725%	1h	0.000003384	+0.178%	$10.0M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1135%	1h	0.000003386	+0.237%	$206K	$149K	50x	as long as short