Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against HTX−0.029%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2152.146% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)+0.156%+$16 · spread now −0.029%, 7d avg −0.166%

Together, before fees+0.141%+$14 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: BingX is 0.136% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003401	0.0100	pay 0.0050% / 4h	3h 30m	$93K	$152K	30x
Short	BingX 1000BONK-USDC	0.000003400	0.0100	get 0.0050% / 4h	3h 30m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.166%: $13.64
Slippage, 4 orders: −$192.58
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$200.94
Costs to cover: 2.146%
Break-even: never at this rate

Slippage from HTX: live order book, 41 min ago; BingX: live order book, 5 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 HTX live order book, 41 min ago	19.33 bp	140.7 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.95 bp	23.2 bp −$23	77.4 bp −$774	420.8 bp −$42.1K	710.0 bp −$355.0K

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	−0.0376%	1h	0.000003395	−0.176%	$43K	$24K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003393	−0.235%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0054%	4h	0.000003397	−0.118%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003401	−0.006%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003404	+0.098%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003399	−0.059%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.734%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003399	−0.059%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003399	−0.044%	$16K	$104K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.020%	$65K	$262K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003402	+0.029%	$114K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003396	−0.143%	$15.4M	$53.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003394	−0.200%	$10.6M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003400	−0.029%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003400	−0.029%	$729K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003394	−0.206%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003397	−0.115%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.059%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDCshort	+0.0100%	4h	0.000003400	−0.029%	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003387	−0.412%	$304K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003379	−0.647%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003403	+0.059%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003399	−0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003401	long leg	$93K	$152K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003398	−0.094%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003398	−0.088%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.791%	$568	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0277%	1h	0.000003403	+0.059%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0288%	1h	0.000003403	+0.059%	$322K	$441K	10x	as long as short
Hyperliquid kBONK	+0.0647%	1h	0.000003407	+0.176%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1463%	1h	0.000003405	+0.131%	$212K	$163K	50x	as long as short