BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h +0.022%

Price spread now: HTX against BloFin−0.081%59s7-day average +0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$262as 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−$2422.419% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.081%, 7d avg +0.140%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and HTX is 0.222% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.140%). Swap the legs. The two prices were read 59 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	BloFin 1000BONK-USDT	0.000003689	0.0110	pay 0.0055% / 4h	1h 37m	$1.1M	$19.4M	75x
Short	HTX BONK-USDT	0.000003686	0.0100	get 0.0050% / 4h	1h 37m	$104K	$131K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$2.1
Price spread: −0.081% → +0.140%: −$22.15
Slippage, 4 orders: −$217.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$266.2
Costs to cover: 2.419%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; HTX: live order book, 3 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 BloFin live order book, 6 min ago	1.37 bp	10.1 bp −$10	25.1 bp −$251	73.8 bp −$7,375	doesn't fit
Sell HTX live order book, 3 min ago	13.54 bp	22.2 bp −$22	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	−0.0016%	1h	0.000003673	−0.434%	$45K	$55K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003677	−0.315%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003680	−0.255%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0022%	1h	0.000003683	−0.163%	$26K	$165K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−11.250%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003684	−0.124%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003679	−0.258%	$55K	$120K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003683	−0.163%	$62K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003681	−0.217%	$123K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003684	−0.140%	$19.1M	$78.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003686	−0.081%	$12.6M	$24.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003687	−0.054%	$3.1M	$13.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003680	−0.244%	$1.0M	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003683	−0.163%	$12.3M	$8.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003681	−0.230%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003682	−0.190%	$4.7M	$4.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003683	−0.163%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003680	−0.248%	$345K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003680	−0.244%	$62K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003682	−0.190%	$32K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003691	+0.054%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003685	−0.108%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003686	−0.081%	$104K	$131K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003684	−0.147%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003682	−0.190%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTlong	+0.0110%	4h	0.000003689	long leg	$1.1M	$19.4M	75x
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.3950%	1h	0.000003000	−18.677%	$561	—	100x	as long as short
Lighter 1000BONK	+0.0256%	1h	0.000003689	0.000%	$255K	$742K	10x	as long as short
Hyperliquid kBONK	+0.1249%	1h	0.000003695	+0.163%	$12.7M	$7.6M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1751%	1h	0.000003694	+0.136%	$57K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2922%	1h	0.000003695	+0.171%	$228K	$221K	50x	as long as short