Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Gate+0.255%7-day average +0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$367as in the Funding arb table

Net, price: spread back to 7d avg − costs−$364as in the Price arb table

costs, in and out, $10k−$3723.720% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.255%, 7d avg +0.174%

Together, before fees−0.235%−$24 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 0.081% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BONK_USDT	0.000003534	0.0100	pay 0.0050% / 4h	3h 56m	$946K	$3.5M	50x
Short	HTX BONK-USDT	0.000003543	0.0100	get 0.0050% / 4h	3h 56m	$100K	$134K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → +0.174%: $8.08
Slippage, 4 orders: −$345.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$363.95
Costs to cover: 3.720%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; HTX: live order book, 40 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 Gate live order book, 2 min ago	2.84 bp	24.2 bp −$24	107.6 bp −$1,076	doesn't fit	doesn't fit
Sell HTX live order book, 40 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	−0.0024%	1h	0.000003535	+0.028%	$42K	$69K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003534	+0.012%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003541	+0.190%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.357%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0061%	4h	0.000003542	+0.226%	$1.1M	$20.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003542	+0.226%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003536	+0.057%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	+0.085%	$118K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003532	−0.057%	$18.5M	$88.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003528	−0.156%	$12.4M	$27.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003529	−0.141%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDTlong	+0.0100%	4h	0.000003534	long leg	$946K	$3.5M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003533	−0.028%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003534	−0.011%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003530	−0.113%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003532	−0.057%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003525	−0.254%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003528	−0.170%	$59K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003531	−0.071%	$69K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003540	+0.170%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003545	+0.311%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003542	+0.226%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003543	+0.255%	$100K	$134K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003535	+0.031%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003538	+0.113%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.110%	$540	—	100x	as long as short
Lighter 1000BONK	+0.0368%	1h	0.000003541	+0.198%	$248K	$756K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0597%	1h	0.000003544	+0.283%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0703%	1h	0.000003542	+0.226%	$12.1M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2249%	1h	0.000003545	+0.311%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2927%	1h	0.000003547	+0.360%	$181K	$275K	50x	as long as short