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 −0.005%

Price spread now: MEXC against HTX+0.110%7-day average −0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2352.347% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.110%, 7d avg −0.145%

Together, before fees−0.228%−$23 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: MEXC is 0.256% dearer against HTX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003624	0.0100	pay 0.0050% / 4h	1h 22m	$103K	$131K	30x
Short	MEXC 1000BONK_USDT	0.000003628	0.0100	get 0.0050% / 4h	1h 22m	$12.1M	$9.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → −0.145%: $25.56
Slippage, 4 orders: −$222.66
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$209.09
Costs to cover: 2.347%
Break-even: never at this rate

Slippage from HTX: live order book, 18 min ago; MEXC: 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, 18 min ago	13.54 bp	200.2 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.76 bp	4.7 bp −$5	15.6 bp −$156	59.8 bp −$5,979	124.9 bp −$62.5K

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	0.000003629	+0.138%	$46K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003621	−0.073%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003620	−0.105%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.658%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0047%	4h	0.000003627	+0.083%	$1.1M	$19.4M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003620	−0.112%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003620	−0.097%	$54K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003627	+0.075%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003625	+0.028%	$120K	$138K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003627	+0.083%	$18.7M	$79.8M	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	0.000003625	+0.025%	$12.5M	$24.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003624	0.000%	$3.0M	$13.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003622	−0.055%	$962K	$3.4M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003628	+0.110%	$12.1M	$9.2M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003625	+0.022%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003622	−0.055%	$4.7M	$4.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003626	+0.055%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003630	+0.162%	$341K	$147K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003631	+0.193%	$61K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003620	−0.110%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003628	+0.110%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003622	−0.055%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003624	long leg	$103K	$131K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003624	−0.010%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003618	−0.166%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0152%	1h	0.000003625	+0.028%	$253K	$747K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.219%	$553	—	100x	as long as short
Hyperliquid kBONK	+0.1270%	1h	0.000003630	+0.166%	$12.5M	$7.8M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1408%	1h	0.000003625	+0.028%	$25K	$165K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1750%	1h	0.000003631	+0.193%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2968%	1h	0.000003637	+0.365%	$224K	$222K	50x	as long as short