Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against HTX−0.237%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$1971.969% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)+0.416%+$42 · spread now −0.237%, 7d avg −0.164%

Together, before fees+0.402%+$40 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: BingX is 0.074% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003371	0.0100	pay 0.0050% / 4h	1h 13m	$91K	$151K	30x
Short	BingX 1000BONK-USDC	0.000003363	0.0100	get 0.0050% / 4h	1h 13m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.237%Rate

Funding earned: $0
Price spread: −0.237% → −0.164%: −$7.36
Slippage, 4 orders: −$174.9
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$204.27
Costs to cover: 1.969%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; BingX: live order book, 2 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, 3 min ago	17.79 bp	120.5 bp −$120	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.46 bp	31.2 bp −$31	77.3 bp −$773	384.4 bp −$38.4K	714.8 bp −$357.4K

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	−0.0248%	1h	0.000003342	−0.860%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003361	−0.297%	$1.0M	$13.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0084%	4h	0.000003359	−0.356%	$29K	$41K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0048%	1h	0.000003360	−0.326%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003361	−0.288%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003362	−0.256%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.877%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003359	−0.355%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003363	−0.237%	$189K	$301K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003360	−0.311%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003362	−0.268%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003363	−0.237%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003366	−0.151%	$15.2M	$51.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003365	−0.178%	$10.2M	$16.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003361	−0.297%	$2.4M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003360	−0.326%	$720K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003367	−0.119%	$10.1M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003363	−0.225%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003362	−0.267%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDCshort	+0.0100%	4h	0.000003363	−0.237%	—	$6.5M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003363	−0.237%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003359	−0.354%	$302K	$121K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003364	−0.208%	$57K	$700K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003364	−0.208%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003362	−0.267%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003371	long leg	$91K	$151K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003361	−0.302%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003360	−0.326%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.006%	$562	—	100x	as long as short
Hyperliquid kBONK	+0.0927%	1h	0.000003368	−0.089%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0961%	1h	0.000003371	−0.005%	$205K	$149K	50x	as long as short