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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.3850%/8h= +421.5% APRnext payment +$4.81 per $10,000 · paid last 24h +0.689%
Price spread now: GMX against Pacifica−16.435%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. GMX is 16.435% cheaper against Pacifica than usual: you would sell low and buy high (spread −16.435% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,643 on $10k: about 14 days of funding at the current rate (+$115 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica kBONK0.0000035900.0100pay 0.0013% / 1h3m 34s$119K$139K10x
ShortGMX BONK/USD [ETH-USDC]0.000003000L +0.0196% / S −0.3950%get 0.0494% / 1h3m 34s$548100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$808.45
Price spread: −16.435% → 0.000%
−$1,643.45
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$855.01
Costs to cover
0.200%
Break-even
14.4 days
Slippage unknown: Pacifica: live order book, 39 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 39 min ago6.89 bp25.8 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.0016%1h0.000003575−0.418%$45K$63K50xas long as short
dYdX BONK-USD0.0000%1h0.000003589−0.020%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003588−0.056%$25150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−8.802%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003592+0.053%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003585−0.125%$62K$128K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003594+0.118%$60K$311K10xas long as short
Pacifica kBONKlong+0.0100%1h0.000003590long leg$119K$139K10x
Binance 1000BONKUSDT+0.0100%4h0.000003589−0.025%$18.5M$82.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003586−0.106%$12.4M$25.3M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003585−0.139%$2.9M$14.2M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003589−0.028%$979K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000035900.000%$12.4M$9.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003589−0.028%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003586−0.111%$4.6M$4.9M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003588−0.056%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003594+0.108%$338K$156Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003586−0.111%$60K$706K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003589−0.028%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003595+0.139%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003591+0.028%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003594+0.111%$102K$132K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003586−0.098%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003586−0.111%$4K3xas long as short
BloFin 1000BONK-USDT+0.0111%4h0.0000035900.000%$1.1M$19.6M75xas long as short
GMX BONK/USD [ETH-USDC]shortL +0.0196% / S −0.3950%1h0.000003000−16.435%$548100x
Lighter 1000BONK+0.0208%1h0.000003593+0.084%$252K$750K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0586%1h0.000003592+0.056%$35K$176K10xas long as short
Hyperliquid kBONK+0.1299%1h0.000003597+0.195%$12.3M$8.0M10xas long as short
Backpack kBONK_USDC_PERP+0.1631%1h0.000003596+0.167%$55K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2997%1h0.000003602+0.344%$222K$223K50xas long as short