Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX+0.029%7-day average −0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1701.701% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.029%, 7d avg −0.132%

Together, before fees−0.007%+ Points / potential airdropPacifica: Active · farm board−$1 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: Pacifica is 0.161% dearer against HTX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003390	0.0100	pay 0.0050% / 4h	1h 31m	$97K	$138K	30x
Short	Pacifica kBONK	0.000003391	0.0100	get 0.0013% / 1h	31m 40s	$113K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.132%: $16.12
Slippage, 4 orders: −$150.08
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$153.97
Costs to cover: 1.701%
Break-even: never at this rate

Slippage from HTX: live order book, 13 min ago; Pacifica: live order book, 14 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, 13 min ago	4.35 bp	133.3 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 14 min ago	4.36 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

BONK on 31 exchanges

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	−0.0056%	1h	0.000003410	+0.590%	$44K	$89K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003384	−0.177%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.422%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0045%	1h	0.000003387	−0.088%	$23K	$162K	10x	as long as short
BloFin 1000BONK-USDT	+0.0066%	4h	0.000003390	0.000%	$1.1M	$19.6M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003386	−0.127%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003395	+0.147%	$243K	$745K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003386	−0.103%	$64K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003392	+0.066%	$46K	$226K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003391	+0.029%	$113K	$149K	10x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003392	+0.061%	$17.2M	$90.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003389	−0.027%	$11.8M	$26.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003391	+0.029%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003390	0.000%	$896K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003390	0.000%	$10.6M	$10.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003395	+0.147%	$2.8M	$10.6M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003389	−0.029%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003395	+0.147%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003417	+0.786%	$323K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003413	+0.678%	$57K	$694K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003386	−0.118%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003393	+0.088%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003388	−0.059%	$2K	$9K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003390	long leg	$97K	$138K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003392	+0.071%	$21K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003380	−0.295%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−11.504%	$520	—	100x	as long as short
Hyperliquid kBONK	+0.0389%	1h	0.000003396	+0.177%	$11.6M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1324%	1h	0.000003393	+0.088%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1677%	1h	0.000003391	+0.019%	$172K	$254K	50x	as long as short
dYdX BONK-USD	+0.2087%	1h	0.000003387	−0.083%	$13K	$12K	10x	as long as short