Funding arb · Price arb /

BONK

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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 −0.001%

Price spread now: Binance against HTX+0.132%7-day average −0.132% · 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−$325as in the Price arb table

costs, in and out, $10k−$3513.512% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)+0.542%+$54 · spread now +0.132%, 7d avg −0.132%

Together, before fees+0.382%+$38 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: Binance is 0.264% dearer against HTX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003491	0.0100	pay 0.0050% / 4h	3h 39m	$99K	$134K	30x
Short	Binance 1000BONKUSDT	0.000003496	0.0100	get 0.0050% / 4h	3h 39m	$18.0M	$89.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.132%: $26.42
Slippage, 4 orders: −$329.16
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$324.74
Costs to cover: 3.512%
Break-even: never at this rate

Slippage from HTX: live order book, 57 min ago; Binance: live order book, 3 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, 57 min ago	53.28 bp	264.4 bp −$264	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.43 bp	12.3 bp −$12	27.6 bp −$276	109.5 bp −$11.0K	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	0.000003477	−0.401%	$42K	$68K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.017%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003486	−0.155%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.216%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003486	−0.145%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003496	+0.130%	$47K	$332K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003494	+0.086%	$116K	$163K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003496	+0.132%	$18.0M	$89.6M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003491	0.000%	$12.4M	$27.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003494	+0.086%	$3.0M	$15.1M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDT	+0.0100%	4h	0.000003491	0.000%	$923K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003494	+0.086%	$11.4M	$10.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003494	+0.097%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003492	+0.029%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003492	+0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003476	−0.432%	$327K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003504	+0.372%	$59K	$701K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003485	−0.158%	$69K	$139K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003487	−0.115%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003495	+0.115%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003490	−0.029%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003491	long leg	$99K	$134K	30x
BloFin 1000BONK-USDT	+0.0100%	4h	0.000003488	−0.086%	$1.1M	$20.1M	75x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003494	+0.073%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003486	−0.143%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.065%	$533	—	100x	as long as short
Lighter 1000BONK	+0.0248%	1h	0.000003497	+0.172%	$246K	$759K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0324%	1h	0.000003489	−0.057%	$34K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0609%	1h	0.000003499	+0.229%	$12.0M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1839%	1h	0.000003501	+0.286%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2971%	1h	0.000003494	+0.079%	$178K	$275K	50x	as long as short