BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h −0.001%

Price spread now: HTX against BloFin+0.476%59s7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as 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−$1681.678% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 3 days (all we have)−0.412%−$41 · spread now +0.476%, 7d avg +0.130%

Together, before fees−0.616%−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.346% dearer against BloFin than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.130%. Mind the row above: over the last 7 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour. The two prices were read 59 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	BloFin 1000BONK-USDT	0.000003359	−0.0140	get 0.0070% / 4h	24m 04s	$1.0M	$13.7M	75x
Short	HTX BONK-USDT	0.000003375	0.0100	get 0.0050% / 4h	24m 04s	$92K	$153K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now +0.476%Rate

Funding earned: $50.4
Price spread: +0.476% → +0.130%: $34.61
Slippage, 4 orders: −$143.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$82.77
Costs to cover: 1.678%
Break-even: 18.5 days

Slippage from BloFin: live order book, 5 min ago; HTX: live order book, 52 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 BloFin live order book, 5 min ago	1.48 bp	12.1 bp −$12	21.0 bp −$210	61.6 bp −$6,156	doesn't fit
Sell HTX live order book, 52 min ago	17.79 bp	26.6 bp −$27	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	−0.0456%	1h	0.000003342	−0.506%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDTlong	−0.0140%	4h	0.000003359	long leg	$1.0M	$13.7M	75x
Orderly PERP_1000BONK_USDC	−0.0069%	4h	0.000003355	−0.119%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003357	−0.048%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003359	+0.013%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.531%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003356	−0.089%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003358	−0.030%	$188K	$300K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003356	−0.091%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003357	−0.060%	$113K	$123K	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	0.000003357	−0.060%	$15.2M	$52.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.158%	$10.2M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003357	−0.060%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003355	−0.119%	$716K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003357	−0.060%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003355	−0.104%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.149%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003355	−0.119%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003358	−0.030%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003363	+0.122%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003370	+0.327%	$57K	$703K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003358	−0.015%	$19K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003362	+0.089%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003357	−0.060%	$2K	$6K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003375	+0.476%	$92K	$153K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003355	−0.110%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003353	−0.179%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.688%	$561	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0346%	1h	0.000003356	−0.089%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.1248%	1h	0.000003364	+0.149%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003362	+0.093%	$205K	$150K	50x	as long as short