Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.017%

Price spread now: BloFin against Reya+0.002%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 BloFin

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. 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	0.000003644	0.0083	pay 0.0010% / 1h	44m 03s	$4	—	15x
Short	BloFin 1000BONK-USDT	0.000003644	0.0104	get 0.0052% / 4h	1h 44m	$1.1M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $4.36
Price spread: +0.002% → 0.000%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.44
Costs to cover: 0.180%
Break-even: 28.6 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.37 bp	10.7 bp −$11	29.1 bp −$291	81.0 bp −$8,102	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	0.000003623	−0.574%	$44K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003644	+0.010%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003640	−0.113%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.152%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003644	long leg	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003642	−0.053%	$53K	$121K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003643	−0.025%	$61K	$302K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003645	+0.029%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003643	−0.025%	$18.8M	$77.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003645	+0.021%	$12.4M	$23.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003644	+0.002%	$3.0M	$13.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003639	−0.135%	$1.0M	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003647	+0.084%	$11.6M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003645	+0.029%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003640	−0.108%	$4.7M	$4.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003641	−0.080%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003623	−0.564%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003636	−0.218%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003639	−0.135%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003647	+0.084%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003642	−0.053%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003660	+0.441%	$104K	$131K	30x	as long as short
BloFin 1000BONK-USDTshort	+0.0104%	4h	0.000003644	+0.002%	$1.1M	$19.1M	75x
Extended 1000BONK-USD	+0.0104%	1h	0.000003644	−0.006%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003638	−0.163%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.671%	$556	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003645	+0.029%	$254K	$739K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0849%	1h	0.000003643	−0.025%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1184%	1h	0.000003649	+0.139%	$12.1M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1618%	1h	0.000003650	+0.167%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2954%	1h	0.000003654	+0.286%	$225K	$219K	50x	as long as short