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: Aster against HTX+0.556%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$394as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3883.880% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.531%−$53 · spread now +0.556%, 7d avg −0.120%

Together, before fees−0.587%+ Points / potential airdropAster: Stage 5 · farm board−$59 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: Aster is 0.675% dearer against HTX than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of −0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003534	0.0100	pay 0.0050% / 4h	14m 40s	$101K	$134K	30x
Short	Aster 1000BONKUSDT	0.000003554	0.0100	get 0.0050% / 4h	14m 40s	$59K	$321K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.556%Rate

Funding earned: $0
Price spread: +0.556% → −0.120%: $67.55
Slippage, 4 orders: −$367.96
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$320.42
Costs to cover: 3.880%
Break-even: never at this rate

Slippage from HTX: live order book, 22 min ago; Aster: 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 HTX live order book, 22 min ago	53.28 bp	264.4 bp −$264	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	8.45 bp	21.1 bp −$21	273.6 bp −$2,736	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	−0.0040%	1h	0.000003517	−0.481%	$43K	$66K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003549	+0.434%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003532	−0.065%	$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	+0.0063%	4h	0.000003534	0.000%	$1.1M	$20.3M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003533	−0.028%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003531	−0.085%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003554	+0.556%	$59K	$321K	10x
Pacifica kBONK	+0.0100%	1h	0.000003553	+0.538%	$120K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003554	+0.562%	$18.6M	$87.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003549	+0.430%	$12.5M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003551	+0.481%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003552	+0.509%	$956K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003554	+0.566%	$11.2M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003552	+0.504%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003550	+0.453%	$4.6M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003552	+0.509%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003523	−0.298%	$331K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003534	0.000%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003536	+0.057%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003541	+0.198%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003533	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003534	long leg	$101K	$134K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003551	+0.486%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003534	0.000%	$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
Deribit 1000BONK_USDC-PERPETUAL	+0.0316%	1h	0.000003537	+0.085%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0432%	1h	0.000003556	+0.623%	$249K	$769K	10x	as long as short
Hyperliquid kBONK	+0.1006%	1h	0.000003559	+0.707%	$12.2M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1709%	1h	0.000003538	+0.113%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4510%	1h	0.000003533	−0.015%	$180K	$275K	50x	as long as short