Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.005%

Price spread now: SunX against Reya+0.099%7-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 SunX

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.099% dearer against Reya than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003605	0.0083	pay 0.0010% / 1h	11m 00s	$4	—	15x
Short	SunX BONK-USDT	0.000003609	0.0100	get 0.0050% / 4h	2h 11m	$2K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $3.6
Price spread: +0.099% → 0.000%: $9.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.46
Costs to cover: 0.140%
Break-even: 7.9 days

Slippage unknown: Reya: no order-book sample; SunX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell SunX no order-book sample	—	—	—	—	—

Reya and SunX: 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	−0.0136%	1h	0.000003602	−0.095%	$44K	$50K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003607	+0.052%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003600	−0.164%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.192%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003605	long leg	$4	—	15x
BloFin 1000BONK-USDT	+0.0098%	4h	0.000003607	+0.044%	$1.1M	$18.5M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0099%	4h	0.000003600	−0.150%	$31K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003606	+0.030%	$50K	$118K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003611	+0.145%	$60K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003612	+0.183%	$122K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003615	+0.269%	$18.6M	$73.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003612	+0.174%	$12.1M	$22.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003614	+0.238%	$2.8M	$12.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003608	+0.072%	$968K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003626	+0.571%	$11.4M	$8.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003615	+0.260%	$3.2M	$10.5M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003620	+0.405%	$4.6M	$4.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003626	+0.571%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003548	−1.581%	$330K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003585	−0.566%	$60K	$703K	25x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003609	+0.099%	$2K	$13K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003606	+0.016%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003605	−0.012%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003625	+0.542%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003601	−0.122%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0176%	1h	0.000003608	+0.072%	$252K	$724K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.792%	$398	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0583%	1h	0.000003603	−0.067%	$10K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1554%	1h	0.000003617	+0.321%	$12.0M	$6.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1639%	1h	0.000003614	+0.238%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2572%	1h	0.000003616	+0.292%	$222K	$218K	50x	as long as short