BONK

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After costs, if the gap returns to its 7d average, $10k−$48

spread now+0.209%7d average+0.083%fees + slippage, in and out−$60spread needed0.601%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003352	−0.0038	get 0.0019% / 4h	1h 08m	$4.2M	$2.6M	75x
Short	Hyperliquid kBONK	0.000003359	0.0100	get 0.0013% / 1h	8m 09s	$9.4M	$5.8M	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BitgetbpFee HyperliquidbpOrdersClose when spread is

Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 6 min ago.

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, 1 min ago	2.99 bp	16.7 bp −$17	49.1 bp −$491	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.50 bp	7.6 bp −$8	26.6 bp −$266	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX BONK/USD [ETH-USDC]	−10.501%	L +0.0192% / S −0.1951%	1h	$264	—	100x	as long as short
Injective BONK/USDC PERP	−3.520%	+0.0033%	1h	$3K	$45K	5.5x	as long as short
Coinbase International 1000BONK-PERP-INTX	−2.148%	−0.0576%	1h	$44K	$18K	50x	as long as short
Variational Omni 1000BONK	−0.931%	+0.0100%	4h	$296K	$154K	—	as long as short
ApeX Omni 1000BONKUSDT	−0.865%	−0.0114%	1h	$56K	$689K	25x	as long as short
BloFin 1000BONK-USDT	−0.447%	−0.0199%	4h	$966K	$12.3M	75x	as long as short
Pacifica kBONK	−0.298%	+0.0100%	1h	$116K	$97K	10x	as long as short
dYdX BONK-USD	−0.297%	0.0000%	1h	$12K	$4K	10x	as long as short
Reya kBONKRUSDPERP	−0.243%	+0.0083%	1h	$4	—	15x	as long as short
Nado kBONK-PERP	−0.119%	−0.0012%	1h	$28K	$88K	10x	as long as short

Show all 31 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo 1000BONK-PERP	−0.119%	+0.0088%	1h	$4K	—	3x	as long as short
Aster 1000BONKUSDT	−0.104%	+0.0100%	4h	$55K	$230K	10x	as long as short
KuCoin 1000BONKUSDTM	−0.089%	+0.0100%	4h	$2.9M	$8.0M	75x	as long as short
gTrade (Gains Network) BONK/USD	−0.089%	L 0.0000% / S +0.0001%	1h	$1K	—	150x	as long as short
Orderly PERP_1000BONK_USDC	−0.089%	−0.0244%	4h	$29K	$28K	20x	as long as short
Extended 1000BONK-USD	−0.060%	+0.0040%	1h	$22K	$624K	25x	as long as short
MEXC 1000BONK_USDT	−0.060%	+0.0040%	4h	$10.0M	$4.6M	125x	as long as short
HTX BONK-USDT	−0.060%	+0.0100%	4h	$77K	$78K	30x	as long as short
Binance 1000BONKUSDT	−0.053%	+0.0041%	4h	$14.2M	$38.4M	75x	as long as short
SoDEX 1000BONK-USD	−0.030%	+0.0100%	1h	$2K	$6K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.030%	0.0000%	1h	$16K	$65K	10x	as long as short
Bybit 1000BONKUSDT	−0.027%	+0.0100%	4h	$10.0M	$12.3M	50x	as long as short
Lighter 1000BONK	0.000%	+0.0096%	1h	$185K	$210K	10x	as long as short
Gate BONK_USDT	0.000%	+0.0100%	4h	$715K	$1.7M	50x	as long as short
Bitget 1000BONKUSDTlong	0.000%	−0.0038%	4h	$4.2M	$2.6M	75x
BingX 1000BONK-USDC	0.000%	+0.0100%	4h	—	$6.5M	—	as long as short
OKX BONK-USDT-SWAP	+0.089%	+0.0100%	8h	$2.6M	$5.5M	20x	as long as short
Backpack kBONK_USDC_PERP	+0.089%	+0.0100%	1h	$29K	$6K	10x	as long as short
SunX BONK-USDT	+0.089%	+0.0100%	4h	$2K	$10K	20x	as long as short
Kraken Futures PF_BONKUSD	+0.170%	+0.0043%	1h	$168K	$138K	50x	as long as short
Hyperliquid kBONKshort	+0.209%	+0.0100%	1h	$9.4M	$5.8M	10x