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

BONK

all BONK markets
SwapBacktest
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 Gate+1.293%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$2692.686% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$5 on $10k
Price spread, last 4 days (all we have)−1.361%−$136 · spread now +1.293%, 7d avg +0.176%
Together, before fees−1.307%−$131 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 1.117% dearer against Gate than usual: you sell high and buy low, +$112 on $10k if it goes back to its 7-day average of +0.176%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BONK_USDT0.0000035580.0100pay 0.0050% / 4h1h 15m$963K$3.4M50x
ShortHTX BONK-USDT0.0000036040.0100get 0.0050% / 4h1h 15m$102K$131K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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
$0
Price spread: +1.293% → +0.176%
$111.66
Slippage, 4 orders
−$241.61
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$156.95
Costs to cover
2.686%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; HTX: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago4.16 bp21.5 bp −$2183.0 bp −$830doesn't fitdoesn't fit
Sell HTX live order book, 25 min ago13.54 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit

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−0.0016%1h0.000003565+0.197%$45K$62K50xas long as short
dYdX BONK-USD0.0000%1h0.000003575+0.486%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003585+0.762%$25150xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0030%1h0.000003570+0.337%$35K$176K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−7.982%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003587+0.813%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003573+0.436%$54K$123K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003564+0.169%$59K$303K10xas long as short
Pacifica kBONK+0.0100%1h0.000003579+0.590%$119K$139K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003559+0.028%$18.5M$80.9M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003555−0.084%$12.2M$24.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.0000035580.000%$2.9M$13.7M20xas long as short
Gate BONK_USDTlong+0.0100%4h0.000003558long leg$963K$3.4M50x
MEXC 1000BONK_USDT+0.0100%4h0.000003559+0.028%$11.7M$9.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003558+0.008%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003556−0.056%$4.6M$4.8M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003556−0.056%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003598+1.121%$341K$147Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003596+1.068%$61K$707K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003569+0.309%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003574+0.450%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003571+0.365%$2K$7K10xas long as short
HTX BONK-USDTshort+0.0100%4h0.000003604+1.293%$102K$131K30x
Extended 1000BONK-USD+0.0104%1h0.000003558+0.013%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003566+0.225%$4K3xas long as short
BloFin 1000BONK-USDT+0.0112%4h0.000003589+0.871%$1.1M$19.3M75xas long as short
Lighter 1000BONK+0.0136%1h0.000003574+0.450%$249K$747K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−15.683%$546100xas long as short
Hyperliquid kBONK+0.1274%1h0.000003578+0.562%$12.3M$7.9M10xas long as short
Backpack kBONK_USDC_PERP+0.1697%1h0.000003576+0.506%$55K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.3012%1h0.000003584+0.731%$221K$223K50xas long as short