Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin−0.088%7-day average +0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$1851.853% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now −0.088%, 7d avg +0.102%

Together, before fees−0.086%−$9 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 0.191% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003392	0.0100	pay 0.0050% / 4h	49m 19s	$2.8M	$10.4M	75x
Short	HTX BONK-USDT	0.000003389	0.0100	get 0.0050% / 4h	49m 19s	$90K	$152K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.102%: −$19.08
Slippage, 4 orders: −$161.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$204.38
Costs to cover: 1.853%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 55 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 KuCoin live order book, 2 min ago	1.48 bp	17.1 bp −$17	253.3 bp −$2,533	doesn't fit	doesn't fit
Sell HTX live order book, 55 min ago	4.35 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

BONK on 31 exchanges

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
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003377	−0.427%	$23	—	150x	as long as short
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003377	−0.442%	$44K	$88K	50x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.479%	$3K	$57	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003388	−0.130%	$4	—	15x	as long as short
dYdX BONK-USD	+0.0095%	1h	0.000003389	−0.086%	$13K	$12K	10x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003386	−0.177%	$226K	$753K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003379	−0.369%	$62K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003384	−0.224%	$46K	$210K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003389	−0.088%	$112K	$150K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003380	−0.341%	$17.2M	$90.4M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003381	−0.324%	$11.7M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003379	−0.383%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003386	−0.177%	$899K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003389	−0.088%	$10.6M	$10.9M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003392	long leg	$2.8M	$10.4M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003378	−0.413%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003381	−0.324%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003389	−0.100%	$320K	$137K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003393	+0.029%	$57K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003379	−0.383%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003383	−0.265%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	+0.147%	$2K	$9K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003389	−0.088%	$90K	$152K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003380	−0.343%	$21K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003378	−0.413%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0142%	4h	0.000003384	−0.236%	$1.0M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.557%	$402	—	100x	as long as short
Hyperliquid kBONK	+0.0353%	1h	0.000003393	+0.029%	$11.6M	$8.2M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0638%	1h	0.000003383	−0.265%	$23K	$152K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1171%	1h	0.000003397	+0.147%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1410%	1h	0.000003384	−0.223%	$174K	$256K	50x	as long as short