Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.107%
Price spread now: HTX against Orderly+0.327%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.327% dearer against Orderly than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000BONK_USDC0.000003360−0.0081get 0.0040% / 4h1h 20m$29K$41K20x
ShortHTX BONK-USDT0.0000033710.0100get 0.0050% / 4h1h 20m$91K$151K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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

Funding earned
$37.93
Price spread: +0.327% → 0.000%
$32.74
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$52.67
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 60 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell HTX live order book, 60 min ago29.53 bp38.9 bp −$39doesn't fitdoesn't fitdoesn't fit
Orderly: 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 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0248%1h0.000003342−0.536%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003362+0.060%$1.0M$13.3M75xas long as short
Orderly PERP_1000BONK_USDClong−0.0081%4h0.000003360long leg$29K$41K20x
Deribit 1000BONK_USDC-PERPETUAL−0.0048%1h0.000003359−0.030%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003360+0.012%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003360−0.013%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.560%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003359−0.028%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003361+0.030%$189K$301K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003360+0.015%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003361+0.037%$64K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003363+0.089%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003360+0.002%$15.1M$51.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003359−0.036%$10.2M$16.7M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003358−0.060%$2.4M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003359−0.030%$743K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003359−0.030%$10.1M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003359−0.033%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003357−0.089%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.0000033600.000%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003361+0.030%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003350−0.295%$301K$121Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003348−0.357%$57K$699K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003364+0.119%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003361+0.030%$2K$6K10xas long as short
HTX BONK-USDTshort+0.0100%4h0.000003371+0.327%$91K$151K30x
Extended 1000BONK-USD+0.0104%1h0.000003357−0.094%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003359−0.030%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.714%$562100xas long as short
Hyperliquid kBONK+0.0925%1h0.000003366+0.179%$10.1M$7.4M10xas long as short
Kraken Futures PF_BONKUSD+0.0962%1h0.000003368+0.239%$205K$149K50xas long as short