Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0922%/8h= −101.0% APRpaid last 24h −0.083%

Price spread now: SunX against Hyperliquid+0.058%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.058% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kBONK	0.000003439	0.1022	pay 0.0128% / 1h	6m 54s	$10.2M	$6.4M	10x
Short	SunX BONK-USDT	0.000003441	0.0100	get 0.0050% / 4h	2h 06m	$2K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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 HyperliquidbpFee SunXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$193.7
Price spread: +0.058% → 0.000%: $5.82
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$204.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; SunX: no order-book sample. 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 Hyperliquid live order book, 6 min ago	2.90 bp	12.1 bp −$12	22.3 bp −$223	doesn't fit	doesn't fit
Sell SunX no order-book sample	—	—	—	—	—

SunX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 30 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	−0.0336%	1h	0.000003434	−0.145%	$44K	$27K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003429	−0.282%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003432	−0.198%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0014%	4h	0.000003431	−0.233%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.798%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0041%	1h	0.000003434	−0.145%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003433	−0.176%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003439	0.000%	$224K	$678K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003434	−0.145%	$66K	$268K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003430	−0.262%	$114K	$123K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003437	−0.068%	$16.1M	$57.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003431	−0.221%	$10.9M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003432	−0.204%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003433	−0.174%	$857K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003437	−0.058%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003435	−0.113%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003431	−0.233%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003435	−0.116%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003432	−0.206%	$312K	$134K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003422	−0.494%	$58K	$708K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003431	−0.218%	$27K	$112K	10x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003441	+0.058%	$2K	$12K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003435	−0.116%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003442	+0.087%	$97K	$150K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003431	−0.227%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003432	−0.204%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.765%	$573	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0354%	1h	0.000003436	−0.087%	$30K	$7K	10x	as long as short
Hyperliquid kBONKlong	+0.1022%	1h	0.000003439	long leg	$10.2M	$6.4M	10x
Kraken Futures PF_BONKUSD	+0.2045%	1h	0.000003445	+0.182%	$222K	$173K	50x	as long as short