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 −0.005%

Price spread now: MEXC against HTX+0.086%7-day average −0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$349as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3323.320% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.086%, 7d avg −0.149%

Together, before fees−0.072%−$7 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: MEXC is 0.235% dearer against HTX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003501	0.0100	pay 0.0050% / 4h	2h 56m	$99K	$130K	30x
Short	MEXC 1000BONK_USDT	0.000003504	0.0100	get 0.0050% / 4h	2h 56m	$9.7M	$7.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.149%: $23.48
Slippage, 4 orders: −$319.97
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$308.49
Costs to cover: 3.320%
Break-even: never at this rate

Slippage from HTX: live order book, 55 min ago; MEXC: 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, 55 min ago	90.93 bp	221.1 bp −$221	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.42 bp	5.8 bp −$6	11.8 bp −$118	107.5 bp −$10.7K	150.4 bp −$75.2K

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	−0.0136%	1h	0.000003494	−0.200%	$43K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003505	+0.123%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003503	+0.046%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.484%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003504	+0.086%	$9K	$133K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003500	−0.031%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003504	+0.086%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003500	−0.014%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003508	+0.214%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003508	+0.200%	$117K	$120K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003505	+0.111%	$17.8M	$69.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003502	+0.043%	$11.6M	$21.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003506	+0.143%	$2.7M	$11.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003503	+0.057%	$913K	$3.0M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003504	+0.086%	$9.7M	$7.9M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003504	+0.091%	$3.0M	$10.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003503	+0.057%	$4.5M	$3.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003505	+0.114%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003491	−0.275%	$325K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003498	−0.086%	$59K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003511	+0.286%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003507	+0.171%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003501	long leg	$99K	$130K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003507	+0.158%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003502	+0.029%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0120%	1h	0.000003509	+0.229%	$248K	$703K	10x	as long as short
BloFin 1000BONK-USDT	+0.0154%	4h	0.000003517	+0.457%	$1.1M	$17.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.310%	$386	—	100x	as long as short
Hyperliquid kBONK	+0.1824%	1h	0.000003514	+0.371%	$11.6M	$6.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2043%	1h	0.000003510	+0.257%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2648%	1h	0.000003512	+0.303%	$215K	$211K	50x	as long as short