Funding arb · Price arb /

BONK

all BONK markets

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 −0.004%

Price spread now: Bitget against HTX−0.327%56s7-day average −0.185% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2012.009% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.487%+$49 · spread now −0.327%, 7d avg −0.185%

Together, before fees+0.452%+$45 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: Bitget is 0.143% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.185%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003360	0.0100	pay 0.0050% / 4h	9m 19s	$92K	$153K	30x
Short	Bitget 1000BONKUSDT	0.000003349	0.0100	get 0.0050% / 4h	9m 19s	$4.2M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.327%Rate

Funding earned: $0
Price spread: −0.327% → −0.185%: −$14.25
Slippage, 4 orders: −$176.93
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$215.19
Costs to cover: 2.009%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Bitget: live order book, 4 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, 2 min ago	19.33 bp	140.7 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.48 bp	14.4 bp −$14	31.9 bp −$319	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	−0.0456%	1h	0.000003344	−0.476%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003348	−0.357%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0064%	4h	0.000003352	−0.238%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003352	−0.226%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003352	−0.251%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003352	−0.238%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.560%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003353	−0.207%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003352	−0.238%	$199K	$310K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003352	−0.238%	$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	0.000003352	−0.236%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003350	−0.298%	$113K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003351	−0.273%	$15.2M	$52.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003350	−0.289%	$10.2M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003353	−0.208%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003348	−0.357%	$714K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003350	−0.298%	$9.8M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003350	−0.289%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003349	−0.327%	$4.2M	$3.1M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003350	−0.298%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003355	−0.149%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003344	−0.476%	$300K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003352	−0.238%	$56K	$702K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003357	−0.089%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003353	−0.208%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003360	long leg	$92K	$153K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003348	−0.362%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003348	−0.357%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.714%	$560	—	100x	as long as short
Hyperliquid kBONK	+0.1194%	1h	0.000003359	−0.030%	$10.2M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003360	−0.002%	$205K	$150K	50x	as long as short