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 +0.003%

Price spread now: HTX against Bitget+0.564%7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$2072.067% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.665%−$67 · spread now +0.564%, 7d avg +0.184%

Together, before fees−0.631%−$63 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 0.380% dearer against Bitget than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003369	0.0100	pay 0.0050% / 4h	3h 25m	$4.2M	$3.1M	75x
Short	HTX BONK-USDT	0.000003388	0.0100	get 0.0050% / 4h	3h 25m	$93K	$153K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.564%Rate

Funding earned: $0
Price spread: +0.564% → +0.184%: $38
Slippage, 4 orders: −$182.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$168.71
Costs to cover: 2.067%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; HTX: live order book, 45 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 Bitget live order book, 2 min ago	5.91 bp	24.3 bp −$24	50.3 bp −$503	doesn't fit	doesn't fit
Sell HTX live order book, 45 min ago	19.33 bp	25.3 bp −$25	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	−0.0376%	1h	0.000003373	+0.119%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003388	+0.564%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0053%	4h	0.000003374	+0.148%	$29K	$39K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0047%	1h	0.000003371	+0.059%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003370	+0.039%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003384	+0.458%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.820%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003369	0.000%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003370	+0.030%	$18K	$105K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003372	+0.102%	$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	0.000003386	+0.505%	$112K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	+0.077%	$15.3M	$53.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003371	+0.065%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003372	+0.089%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003369	0.000%	$728K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	+0.030%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003370	+0.030%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003369	long leg	$4.2M	$3.1M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003372	+0.089%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003370	+0.028%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003400	+0.920%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003375	+0.178%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003373	+0.119%	$2K	$6K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003388	+0.564%	$93K	$153K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003371	+0.052%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003374	+0.148%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.953%	$563	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0270%	1h	0.000003373	+0.119%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0320%	1h	0.000003378	+0.267%	$319K	$441K	10x	as long as short
Hyperliquid kBONK	+0.0644%	1h	0.000003378	+0.267%	$9.6M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1474%	1h	0.000003380	+0.323%	$211K	$165K	50x	as long as short