Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: HTX against Pacifica+0.055%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$450as in the Funding arb table

Net, price: spread back to 7d avg − costs−$462as in the Price arb table

costs, in and out, $10k−$4544.541% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.055%, 7d avg +0.138%

Together, before fees−0.033%+ Points / potential airdropPacifica: Active · farm board−$3 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 0.083% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003649	0.0100	pay 0.0013% / 1h	5m 50s	$124K	$129K	10x
Short	HTX BONK-USDT	0.000003651	0.0100	get 0.0050% / 4h	2h 05m	$104K	$131K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.138%: −$8.3
Slippage, 4 orders: −$434.09
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$462.39
Costs to cover: 4.541%
Break-even: never at this rate

Slippage from Pacifica: live order book, 42 min ago; HTX: live order book, 40 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 Pacifica live order book, 42 min ago	4.27 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	66.56 bp	75.3 bp −$75	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	−0.0136%	1h	0.000003647	−0.055%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003642	−0.182%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003645	−0.121%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.277%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0060%	4h	0.000003656	+0.192%	$1.0M	$18.9M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003646	−0.071%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003647	−0.055%	$31K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003646	−0.096%	$51K	$119K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003650	+0.034%	$61K	$301K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003649	long leg	$124K	$129K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003646	−0.072%	$18.8M	$75.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003643	−0.170%	$12.3M	$23.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003650	+0.027%	$2.9M	$12.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003647	−0.055%	$986K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003645	−0.110%	$11.4M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003646	−0.082%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003643	−0.164%	$4.6M	$4.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003645	−0.110%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003643	−0.168%	$337K	$142K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003602	−1.288%	$61K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003653	+0.110%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003649	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003651	+0.055%	$104K	$131K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003645	−0.110%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003644	−0.137%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003650	+0.027%	$255K	$738K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.786%	$402	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0573%	1h	0.000003648	−0.027%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1559%	1h	0.000003655	+0.164%	$12.2M	$7.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1657%	1h	0.000003652	+0.082%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2540%	1h	0.000003661	+0.327%	$226K	$219K	50x	as long as short