BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h −0.022%

Price spread now: BloFin against HTX0.000%59s7-day average −0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$339as 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−$3593.590% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now 0.000%, 7d avg −0.140%

Together, before fees+0.123%+$12 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: BloFin is 0.140% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.140%. The two prices were read 59 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	0.000003532	0.0100	pay 0.0050% / 4h	3h 59m	$100K	$134K	30x
Short	BloFin 1000BONK-USDT	0.000003532	0.0109	get 0.0055% / 4h	3h 59m	$1.1M	$20.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $1.92
Price spread: 0.000% → −0.140%: $13.96
Slippage, 4 orders: −$335.01
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$343.14
Costs to cover: 3.590%
Break-even: 1259.7 days

Slippage from HTX: live order book, 36 min ago; BloFin: live order book, 9 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, 36 min ago	53.28 bp	264.4 bp −$264	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	1.41 bp	18.0 bp −$18	28.2 bp −$282	70.7 bp −$7,066	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	0.000003522	−0.283%	$42K	$68K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003529	−0.099%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003523	−0.249%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.305%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003525	−0.197%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003526	−0.156%	$69K	$138K	10x	as long as short
Hyperliquid kBONK	+0.0100%	1h	0.000003535	+0.085%	$12.1M	$8.5M	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003529	−0.081%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003530	−0.057%	$118K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003530	−0.057%	$18.6M	$88.7M	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	0.000003526	−0.161%	$12.4M	$27.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003527	−0.142%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003527	−0.142%	$944K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003533	+0.028%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003529	−0.085%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003522	−0.283%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003527	−0.142%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003525	−0.198%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003522	−0.283%	$59K	$704K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003527	−0.142%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003531	−0.028%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003528	−0.113%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003532	long leg	$100K	$134K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003525	−0.207%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003525	−0.198%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0109%	4h	0.000003532	0.000%	$1.1M	$20.4M	75x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.062%	$538	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0317%	1h	0.000003529	−0.085%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0464%	1h	0.000003534	+0.057%	$247K	$756K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1818%	1h	0.000003536	+0.113%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4516%	1h	0.000003528	−0.101%	$180K	$275K	50x	as long as short