Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: HTX against Binance+0.527%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$426as in the Funding arb table

Net, price: spread back to 7d avg − costs−$404as in the Price arb table

costs, in and out, $10k−$4434.431% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.671%−$67 · spread now +0.527%, 7d avg +0.135%

Together, before fees−0.505%−$50 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 0.392% dearer against Binance than usual: you sell high and buy low, +$39 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	Binance 1000BONKUSDT	0.000003495	0.0100	pay 0.0050% / 4h	2h 26m	$17.9M	$71.4M	75x
Short	HTX BONK-USDT	0.000003513	0.0100	get 0.0050% / 4h	2h 26m	$100K	$130K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now +0.527%Rate

Funding earned: $0
Price spread: +0.527% → +0.135%: $39.2
Slippage, 4 orders: −$421.12
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$403.93
Costs to cover: 4.431%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; HTX: live order book, 19 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 Binance live order book, 16 min ago	1.42 bp	13.3 bp −$13	29.6 bp −$296	155.9 bp −$15.6K	doesn't fit
Sell HTX live order book, 19 min ago	66.56 bp	75.3 bp −$75	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	−0.0136%	1h	0.000003489	−0.160%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.120%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003487	−0.214%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.312%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0037%	1h	0.000003490	−0.131%	$9K	$134K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003491	−0.104%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003488	−0.189%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003492	−0.060%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003498	+0.108%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003490	−0.131%	$116K	$123K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003495	long leg	$17.9M	$71.4M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003486	−0.246%	$11.5M	$22.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003488	−0.189%	$2.8M	$11.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003488	−0.189%	$902K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003490	−0.131%	$10.3M	$8.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003493	−0.051%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003486	−0.246%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003487	−0.217%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003499	+0.139%	$325K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003521	+0.756%	$59K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003493	−0.045%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003491	−0.103%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003513	+0.527%	$100K	$130K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003490	−0.145%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003488	−0.189%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0113%	4h	0.000003498	+0.098%	$1.0M	$17.8M	75x	as long as short
Lighter 1000BONK	+0.0128%	1h	0.000003494	−0.017%	$246K	$717K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.153%	$385	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.1599%	1h	0.000003496	+0.040%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1609%	1h	0.000003496	+0.040%	$11.7M	$6.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2660%	1h	0.000003496	+0.031%	$214K	$218K	50x	as long as short