Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: HTX against Nado+3.185%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$3553.553% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−3.326%−$333 · spread now +3.185%, 7d avg +0.164%

Together, before fees−3.291%+ Points / potential airdropNado: Active · farm board−$329 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 3.021% dearer against Nado than usual: you sell high and buy low, +$302 on $10k if it goes back to its 7-day average of +0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003485	0.0100	pay 0.0012% / 1h	41m 56s	$36K	$102K	10x
Short	HTX BONK-USDT	0.000003596	0.0100	get 0.0050% / 4h	3h 41m	$102K	$120K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +3.185%Rate

Funding earned: $0
Price spread: +3.185% → +0.164%: $302.1
Slippage, 4 orders: −$336.31
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$53.21
Costs to cover: 3.553%
Break-even: 18539651510539.6 days

Slippage from Nado: live order book, 46 min ago; HTX: live order book, 9 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 Nado live order book, 46 min ago	4.39 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	90.93 bp	99.7 bp −$100	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	−0.0312%	1h	0.000003482	−0.086%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003489	+0.123%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003486	+0.032%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.055%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003500	+0.430%	$988K	$16.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003486	+0.029%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003484	−0.031%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003490	+0.143%	$239K	$685K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003485	long leg	$36K	$102K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.222%	$81K	$249K	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	0.000003490	+0.143%	$116K	$105K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003490	+0.140%	$16.9M	$61.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003489	+0.115%	$11.4M	$19.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003490	+0.143%	$2.5M	$9.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003487	+0.057%	$868K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003482	−0.086%	$9.5M	$7.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003490	+0.138%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003486	+0.029%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003487	+0.057%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003488	+0.083%	$323K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003495	+0.287%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003492	+0.201%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003486	+0.029%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003596	+3.185%	$102K	$120K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003489	+0.115%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003486	+0.029%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.917%	$582	—	100x	as long as short
Hyperliquid kBONK	+0.0801%	1h	0.000003494	+0.258%	$10.3M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0897%	1h	0.000003492	+0.201%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1047%	1h	0.000003503	+0.516%	$46K	$15K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2405%	1h	0.000003492	+0.192%	$223K	$178K	50x	as long as short