Funding arb · Price arb /

BONK

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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 0.000%

Price spread now: HTX against Bybit+0.229%53s7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$440as 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−$4474.473% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.229%, 7d avg +0.164%

Together, before fees−0.265%−$27 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 0.065% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.164%. The two prices were read 53 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	Bybit 1000BONKUSDT	0.000003497	0.0100	pay 0.0050% / 4h	2h 24m	$11.5M	$22.3M	50x
Short	HTX BONK-USDT	0.000003505	0.0100	get 0.0050% / 4h	2h 24m	$100K	$130K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.229%Rate

Funding earned: $0
Price spread: +0.229% → +0.164%: $6.49
Slippage, 4 orders: −$424.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$440.84
Costs to cover: 4.473%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 22 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 Bybit live order book, 4 min ago	1.43 bp	14.2 bp −$14	37.8 bp −$378	doesn't fit	doesn't fit
Sell HTX live order book, 22 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	0.000003483	−0.400%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003486	−0.304%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003493	−0.112%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.377%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003491	−0.159%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0093%	4h	0.000003498	+0.029%	$30K	$53K	20x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003501	+0.105%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003489	−0.229%	$116K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003499	+0.053%	$17.9M	$71.5M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003497	long leg	$11.5M	$22.3M	50x

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	0.000003500	+0.086%	$2.8M	$11.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003494	−0.086%	$902K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003497	0.000%	$10.3M	$8.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003494	−0.089%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003494	−0.086%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003496	−0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003487	−0.288%	$324K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003494	−0.086%	$59K	$703K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003492	−0.143%	$42K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003497	0.000%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003502	+0.143%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003505	+0.229%	$100K	$130K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003498	+0.015%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003496	−0.029%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0119%	4h	0.000003502	+0.143%	$1.0M	$17.8M	75x	as long as short
Lighter 1000BONK	+0.0136%	1h	0.000003493	−0.114%	$245K	$721K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.212%	$385	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003498	+0.029%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1579%	1h	0.000003497	0.000%	$11.6M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1585%	1h	0.000003498	+0.029%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2651%	1h	0.000003508	+0.307%	$215K	$218K	50x	as long as short