Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX+0.117%7-day average −0.233% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.355%−$36 · spread now +0.117%, 7d avg −0.233%

Together, before fees−0.401%+ Points / potential airdropVariational Omni: Active · farm board−$40 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: Variational Omni is 0.349% dearer against HTX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.233%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003380	0.0100	pay 0.0050% / 4h	3h 18m	$93K	$153K	30x
Short	Variational Omni 1000BONK	0.000003384	0.0100	get 0.0050% / 4h	3h 18m	$304K	$119K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.233%: $34.95
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.95
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 53 min ago; Variational Omni: RFQ quote, 56 min ago. Net counts fees only.

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, 53 min ago	19.33 bp	140.7 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 56 min ago	5.98 bp	doesn't fit	47.8 bp −$478	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	−0.266%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003374	−0.178%	$1.0M	$14.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0045%	4h	0.000003381	+0.030%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003382	+0.071%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003371	−0.257%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003381	+0.030%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.136%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003379	−0.030%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003377	−0.074%	$18K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003376	−0.117%	$65K	$262K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003374	−0.178%	$114K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003384	+0.114%	$15.4M	$52.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003382	+0.047%	$10.6M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003387	+0.207%	$2.5M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003382	+0.059%	$730K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003385	+0.148%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003384	+0.109%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003382	+0.059%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003381	+0.030%	—	$4.7M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003384	+0.117%	$304K	$119K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003385	+0.148%	$57K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003386	+0.178%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003385	+0.148%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003380	long leg	$93K	$153K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003384	+0.113%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003382	+0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.243%	$564	—	100x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003389	+0.266%	$321K	$441K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0313%	1h	0.000003388	+0.237%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0614%	1h	0.000003392	+0.355%	$9.7M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1469%	1h	0.000003391	+0.320%	$211K	$165K	50x	as long as short