Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: Nado against HTX−0.685%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$1951.947% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.740%+$74 · spread now −0.685%, 7d avg −0.165%

Together, before fees+0.705%+ Points / potential airdropNado: Active · farm board+$71 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: Nado is 0.521% cheaper against HTX than usual: you would sell low and buy high, −$52 on $10k if it goes back to its 7-day average of −0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003429	0.0100	pay 0.0050% / 4h	3h 10m	$94K	$154K	30x
Short	Nado kBONK-PERP	0.000003405	0.0100	get 0.0013% / 1h	10m 45s	$18K	$98K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.685%Rate

Funding earned: $0
Price spread: −0.685% → −0.165%: −$52.07
Slippage, 4 orders: −$175.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$246.77
Costs to cover: 1.947%
Break-even: never at this rate

Slippage from HTX: live order book, 60 min ago; Nado: live order book, 62 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, 60 min ago	19.33 bp	140.7 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 62 min ago	2.99 bp	13.4 bp −$13	doesn't fit	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	−0.0376%	1h	0.000003371	−1.691%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003402	−0.787%	$1.0M	$14.5M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0037%	4h	0.000003402	−0.787%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003405	−0.691%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003415	−0.395%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.520%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003407	−0.642%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003404	−0.730%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003408	−0.605%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003418	−0.321%	$115K	$122K	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	0.000003420	−0.262%	$15.7M	$53.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003418	−0.306%	$10.8M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003417	−0.350%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003416	−0.379%	$732K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003418	−0.321%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003414	−0.429%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003416	−0.379%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003419	−0.292%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003404	−0.731%	$312K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003409	−0.583%	$57K	$708K	25x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003405	−0.685%	$18K	$98K	10x
SunX BONK-USDT	+0.0100%	4h	0.000003408	−0.612%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003406	−0.671%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003429	long leg	$94K	$154K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003416	−0.387%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	−0.729%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.511%	$569	—	100x	as long as short
Lighter 1000BONK	+0.0344%	1h	0.000003423	−0.175%	$354K	$474K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0360%	1h	0.000003407	−0.642%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0598%	1h	0.000003418	−0.321%	$9.7M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1460%	1h	0.000003411	−0.512%	$213K	$165K	50x	as long as short