Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: HTX against ApeX Omni+0.684%76s7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$345as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3553.552% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.565%−$56 · spread now +0.684%, 7d avg +0.149%

Together, before fees−0.466%−$47 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: HTX is 0.535% dearer against ApeX Omni than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of +0.149%. The two prices were read 76 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	ApeX Omni 1000BONKUSDT	0.000003509	0.0100	pay 0.0013% / 1h	20m 17s	$59K	$706K	25x
Short	HTX BONK-USDT	0.000003533	0.0100	get 0.0050% / 4h	20m 17s	$100K	$134K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now +0.684%Rate

Funding earned: $0
Price spread: +0.684% → +0.149%: $53.47
Slippage, 4 orders: −$333.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$301.69
Costs to cover: 3.552%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; HTX: live order book, 16 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 ApeX Omni live order book, 18 min ago	7.02 bp	14.4 bp −$14	98.7 bp −$987	doesn't fit	doesn't fit
Sell HTX live order book, 16 min ago	53.28 bp	62.1 bp −$62	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	−0.0040%	1h	0.000003521	+0.342%	$43K	$65K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003530	+0.608%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003535	+0.744%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.697%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0068%	4h	0.000003538	+0.826%	$1.1M	$20.3M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003529	+0.568%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003527	+0.527%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003540	+0.883%	$59K	$319K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003533	+0.684%	$117K	$149K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003538	+0.816%	$18.3M	$87.4M	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	0.000003536	+0.761%	$12.4M	$26.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003539	+0.855%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003528	+0.541%	$941K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003540	+0.883%	$11.2M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003530	+0.598%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003536	+0.769%	$4.6M	$5.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003537	+0.798%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003531	+0.638%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003509	long leg	$59K	$706K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003529	+0.570%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003538	+0.826%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003530	+0.598%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003533	+0.684%	$100K	$134K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003531	+0.629%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003524	+0.427%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.506%	$538	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0317%	1h	0.000003531	+0.627%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0440%	1h	0.000003540	+0.883%	$248K	$768K	10x	as long as short
Hyperliquid kBONK	+0.0989%	1h	0.000003535	+0.741%	$12.1M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1663%	1h	0.000003543	+0.969%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4511%	1h	0.000003533	+0.679%	$180K	$276K	50x	as long as short