Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
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 +0.003%
Price spread now: HTX against Bitget+0.232%7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2682.684% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.232%, 7d avg +0.188%
Together, before fees−0.255%−$25 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 0.045% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.188%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget 1000BONKUSDT0.0000034430.0100pay 0.0050% / 4h2h 24m$4.3M$3.1M75x
ShortHTX BONK-USDT0.0000034510.0100get 0.0050% / 4h2h 24m$98K$158K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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

Funding earned
$0
Price spread: +0.232% → +0.188%
$4.47
Slippage, 4 orders
−$244.41
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$263.94
Costs to cover
2.684%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago4.35 bp16.5 bp −$1646.5 bp −$465doesn't fitdoesn't fit
Sell HTX live order book, 41 min ago32.09 bp69.0 bp −$69doesn't fitdoesn't fitdoesn't fit

BONK on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0336%1h0.000003369−2.149%$43K$26K50xas long as short
Orderly PERP_1000BONK_USDC−0.0006%4h0.000003446+0.087%$30K$58K20xas long as short
dYdX BONK-USD0.0000%1h0.000003448+0.154%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003447+0.105%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.909%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0040%1h0.000003447+0.116%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003446+0.100%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003449+0.174%$232K$671K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003448+0.145%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003452+0.275%$66K$253K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003448+0.145%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003448+0.155%$16.2M$56.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003447+0.110%$11.0M$17.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003442−0.029%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003448+0.145%$763K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003448+0.145%$9.6M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003446+0.087%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDTlong+0.0100%4h0.000003443long leg$4.3M$3.1M75x
BingX 1000BONK-USDC+0.0100%4h0.000003447+0.116%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003458+0.434%$315K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003439−0.116%$58K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003450+0.203%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003446+0.087%$2K$6K10xas long as short
HTX BONK-USDTshort+0.0100%4h0.000003451+0.232%$98K$158K30x
Extended 1000BONK-USD+0.0104%1h0.000003446+0.075%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003446+0.087%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−12.867%$576100xas long as short
Backpack kBONK_USDC_PERP+0.0379%1h0.000003447+0.116%$31K$7K10xas long as short
Hyperliquid kBONK+0.0990%1h0.000003454+0.319%$10.3M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2037%1h0.000003458+0.430%$216K$165K50xas long as short