Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: HTX against Binance+0.333%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2352.346% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)−1.006%−$101 · spread now +0.333%, 7d avg +0.144%

Together, before fees−0.824%−$82 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 0.189% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003400	0.0100	pay 0.0050% / 4h	1h 33m	$16.0M	$56.9M	75x
Short	HTX BONK-USDT	0.000003411	0.0100	get 0.0050% / 4h	1h 33m	$97K	$119K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now +0.333%Rate

Funding earned: $0
Price spread: +0.333% → +0.144%: $18.9
Slippage, 4 orders: −$212.59
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$215.69
Costs to cover: 2.346%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; HTX: live order book, 28 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 Binance live order book, 9 min ago	1.47 bp	11.5 bp −$12	25.8 bp −$258	199.4 bp −$19.9K	doesn't fit
Sell HTX live order book, 28 min ago	33.26 bp	39.3 bp −$39	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	−0.0336%	1h	0.000003380	−0.579%	$45K	$31K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003418	+0.539%	$951K	$15.2M	75x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003398	−0.040%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003398	−0.050%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003399	−0.020%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.697%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0049%	4h	0.000003399	−0.020%	$29K	$58K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003399	−0.008%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003401	+0.039%	$224K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003403	+0.083%	$27K	$97K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003400	+0.015%	$79K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003400	+0.009%	$114K	$108K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003400	long leg	$16.0M	$56.9M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.023%	$10.8M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003401	+0.039%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003398	−0.050%	$844K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003397	−0.079%	$9.6M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003396	−0.103%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003394	−0.167%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003398	−0.050%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003403	+0.097%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003409	+0.269%	$310K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003413	+0.392%	$57K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003403	+0.097%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003401	+0.039%	$2K	$6K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003411	+0.333%	$97K	$119K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003400	−0.004%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	−0.109%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.757%	$569	—	100x	as long as short
Hyperliquid kBONK	+0.0747%	1h	0.000003403	+0.097%	$10.1M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2037%	1h	0.000003411	+0.333%	$220K	$174K	50x	as long as short