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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bybit+0.285%7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3463.463% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.435%−$44 · spread now +0.285%, 7d avg +0.172%

Together, before fees−0.367%−$37 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 0.112% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003511	0.0100	pay 0.0050% / 4h	3h 28m	$11.4M	$19.5M	50x
Short	HTX BONK-USDT	0.000003521	0.0100	get 0.0050% / 4h	3h 28m	$100K	$121K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.285%Rate

Funding earned: $0
Price spread: +0.285% → +0.172%: $11.25
Slippage, 4 orders: −$323.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$335.08
Costs to cover: 3.463%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; HTX: live order book, 22 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 Bybit live order book, 5 min ago	1.43 bp	13.7 bp −$14	32.4 bp −$324	doesn't fit	doesn't fit
Sell HTX live order book, 22 min ago	90.93 bp	99.7 bp −$100	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	−0.0312%	1h	0.000003510	−0.028%	$44K	$39K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003508	−0.077%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003512	+0.028%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.750%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003507	−0.114%	$6K	$123K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003509	−0.057%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003512	+0.024%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003511	+0.014%	$40K	$104K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003514	+0.085%	$81K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003512	+0.028%	$118K	$107K	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	0.000003512	+0.020%	$17.2M	$62.5M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003511	long leg	$11.4M	$19.5M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003509	−0.057%	$2.6M	$9.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003510	−0.028%	$873K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003512	+0.028%	$9.8M	$7.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003510	−0.023%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003509	−0.057%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003511	0.000%	—	$4.6M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003521	+0.282%	$327K	$139K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003521	+0.285%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003516	+0.142%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003510	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003521	+0.285%	$100K	$121K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003509	−0.044%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003508	−0.085%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0113%	4h	0.000003512	+0.028%	$996K	$16.4M	75x	as long as short
Lighter 1000BONK	+0.0168%	1h	0.000003517	+0.171%	$246K	$692K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.554%	$587	—	100x	as long as short
Hyperliquid kBONK	+0.0842%	1h	0.000003519	+0.228%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1399%	1h	0.000003515	+0.114%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2384%	1h	0.000003522	+0.316%	$224K	$178K	50x	as long as short