Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: HTX against ApeX Omni−0.483%76s7-day average +0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$509as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5195.189% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.252%−$25 · spread now −0.483%, 7d avg +0.148%

Together, before fees−0.153%−$15 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 0.631% cheaper against ApeX Omni than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of +0.148%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003519	0.0100	pay 0.0013% / 1h	56m 13s	$59K	$696K	25x
Short	HTX BONK-USDT	0.000003502	0.0100	get 0.0050% / 4h	2h 56m	$100K	$136K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.483%Rate

Funding earned: $0
Price spread: −0.483% → +0.148%: −$63.09
Slippage, 4 orders: −$496.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$582.02
Costs to cover: 5.189%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; HTX: live order book, 35 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 ApeX Omni live order book, 37 min ago	7.20 bp	14.8 bp −$15	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell HTX live order book, 35 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	−0.0096%	1h	0.000003510	−0.256%	$47K	$94K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003513	−0.156%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.962%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0044%	4h	0.000003515	−0.114%	$1.1M	$20.1M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003498	−0.601%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003499	−0.554%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003503	−0.443%	$48K	$283K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003501	−0.512%	$116K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003499	−0.556%	$18.0M	$91.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003496	−0.654%	$12.4M	$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	0.000003496	−0.654%	$3.1M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003499	−0.568%	$925K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003500	−0.540%	$11.1M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003500	−0.529%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003496	−0.654%	$4.5M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003499	−0.568%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003517	−0.061%	$343K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003519	long leg	$59K	$696K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003498	−0.597%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003505	−0.398%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003500	−0.540%	$3K	$8K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003502	−0.483%	$100K	$136K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003498	−0.597%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003496	−0.654%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0128%	1h	0.000003502	−0.483%	$246K	$735K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.749%	$534	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003499	−0.568%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0551%	1h	0.000003505	−0.398%	$11.9M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1415%	1h	0.000003515	−0.114%	$54K	$24K	10x	as long as short
dYdX BONK-USD	+0.1650%	1h	0.000003499	−0.560%	$13K	$10K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1809%	1h	0.000003505	−0.398%	$178K	$273K	50x	as long as short