Funding arb · Price arb /

BONK

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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 +0.001%

Price spread now: HTX against MEXC0.000%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs−$516as in the Price arb table

costs, in and out, $10k−$5025.021% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)−0.635%−$64 · spread now 0.000%, 7d avg +0.135%

Together, before fees−0.477%−$48 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: HTX is 0.135% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003411	0.0100	pay 0.0050% / 4h	3h 30m	$10.9M	$10.4M	125x
Short	HTX BONK-USDT	0.000003411	0.0100	get 0.0050% / 4h	3h 30m	$97K	$135K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.135%: −$13.52
Slippage, 4 orders: −$490.08
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$515.6
Costs to cover: 5.021%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; HTX: live order book, 1 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 MEXC live order book, 3 min ago	2.88 bp	6.6 bp −$7	13.5 bp −$135	77.6 bp −$7,761	138.6 bp −$69.3K
Sell HTX live order book, 1 min ago	58.88 bp	67.8 bp −$68	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	−0.0024%	1h	0.000003388	−0.674%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003406	−0.155%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.016%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	−0.104%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0089%	4h	0.000003416	+0.147%	$1.0M	$19.5M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003404	−0.205%	$64K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.040%	$47K	$321K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003401	−0.293%	$113K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.029%	$17.6M	$90.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003408	−0.097%	$12.1M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003408	−0.088%	$2.9M	$14.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003404	−0.205%	$901K	$3.6M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003411	long leg	$10.9M	$10.4M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003404	−0.208%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.205%	$4.4M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003408	−0.088%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.643%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003475	+1.876%	$59K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003404	−0.205%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	+0.088%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003423	+0.352%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003411	0.000%	$97K	$135K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003407	−0.114%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.322%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.049%	$520	—	100x	as long as short
dYdX BONK-USD	+0.0208%	1h	0.000003403	−0.222%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0232%	1h	0.000003413	+0.059%	$241K	$762K	10x	as long as short
Hyperliquid kBONK	+0.0551%	1h	0.000003410	−0.029%	$11.6M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0631%	1h	0.000003408	−0.088%	$33K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1754%	1h	0.000003411	0.000%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3041%	1h	0.000003413	+0.071%	$173K	$273K	50x	as long as short