Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.005%

Price spread now: Aster against Reya+0.376%46s7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.376% dearer against Reya than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003623	0.0083	pay 0.0010% / 1h	50m 36s	$4	—	15x
Short	Aster 1000BONKUSDT	0.000003637	0.0100	get 0.0050% / 4h	1h 50m	$61K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.376%Rate

Funding earned: $3.6
Price spread: +0.376% → 0.000%: $37.57
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $27.16
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Aster: live order book, 56 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 56 min ago	12.80 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit

Reya: 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	0.000003606	−0.467%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003637	+0.400%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003622	−0.023%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.631%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003623	long leg	$4	—	15x
BloFin 1000BONK-USDT	+0.0085%	4h	0.000003627	+0.112%	$1.1M	$19.0M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003624	+0.030%	$51K	$119K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003637	+0.376%	$61K	$301K	10x
Pacifica kBONK	+0.0100%	1h	0.000003641	+0.499%	$122K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003643	+0.548%	$18.7M	$76.7M	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	0.000003644	+0.579%	$12.3M	$23.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003647	+0.664%	$3.0M	$13.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003641	+0.499%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003642	+0.526%	$11.1M	$8.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003638	+0.424%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003645	+0.609%	$4.7M	$4.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003647	+0.664%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003625	+0.054%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003624	+0.030%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003621	−0.053%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003630	+0.195%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003628	+0.140%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003631	+0.223%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003646	+0.624%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003624	+0.030%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.194%	$398	—	100x	as long as short
Lighter 1000BONK	+0.0360%	1h	0.000003642	+0.526%	$254K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0578%	1h	0.000003628	+0.140%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1294%	1h	0.000003644	+0.582%	$12.1M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1606%	1h	0.000003640	+0.471%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2966%	1h	0.000003640	+0.469%	$224K	$219K	50x	as long as short