Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin+0.117%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1971.967% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.117%, 7d avg +0.102%

Together, before fees−0.292%−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003407	0.0100	pay 0.0050% / 4h	1h 05m	$2.8M	$10.5M	75x
Short	HTX BONK-USDT	0.000003411	0.0100	get 0.0050% / 4h	1h 05m	$97K	$152K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.102%: $1.51
Slippage, 4 orders: −$172.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$195.18
Costs to cover: 1.967%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; HTX: live order book, 39 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 KuCoin live order book, 1 min ago	2.93 bp	25.9 bp −$26	383.4 bp −$3,834	doesn't fit	doesn't fit
Sell HTX live order book, 39 min ago	4.35 bp	10.4 bp −$10	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	+0.088%	$44K	$89K	50x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003405	−0.059%	$23K	$152K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003403	−0.106%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.904%	$3K	$57	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0069%	4h	0.000003406	−0.029%	$1.0M	$19.7M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003405	−0.056%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003407	0.000%	$234K	$760K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003408	+0.029%	$47K	$201K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003406	−0.029%	$113K	$151K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003405	−0.059%	$17.3M	$90.3M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003401	−0.176%	$11.7M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003403	−0.117%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003405	−0.059%	$920K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003405	−0.059%	$10.6M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003407	long leg	$2.8M	$10.5M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003402	−0.147%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003405	−0.059%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003403	−0.129%	$321K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003405	−0.059%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003403	−0.103%	$64K	$133K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003405	−0.059%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003411	+0.117%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003404	−0.088%	$2K	$9K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003411	+0.117%	$97K	$152K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003402	−0.135%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003403	−0.117%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.946%	$404	—	100x	as long as short
Hyperliquid kBONK	+0.0382%	1h	0.000003408	+0.029%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1179%	1h	0.000003410	+0.088%	$53K	$25K	10x	as long as short
dYdX BONK-USD	+0.1443%	1h	0.000003405	−0.055%	$13K	$12K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1665%	1h	0.000003414	+0.219%	$174K	$255K	50x	as long as short