data as of
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Price arb /

BONK

all BONK markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$48
spread now+0.060%7d average+0.077%fees + slippage, in and out−$46spread needed0.462%
Long on BybitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000BONKUSDT0.0000033490.0100pay 0.0050% / 4h1h 05m$10.0M$12.4M50x
ShortHyperliquid kBONK0.0000033510.0100get 0.0013% / 1h5m 17s$9.4M$5.8M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$5.97
Funding while held
$0
Slippage, 4 orders
−$26.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$40.22
Spread needed to break even
0.462%
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.50 bp14.7 bp −$1529.5 bp −$295doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago1.50 bp7.6 bp −$826.6 bp −$266doesn't fitdoesn't fit

BONK price on every exchange

against the cheapest. Click to use as the short leg.
GMX0.000003000cheapest
Injective0.000003234+7.800%Nado0.000003343+11.433%Reya0.000003345+11.495%BloFin0.000003346+11.533%
Bybit0.000003349+11.633%
Gate0.000003349+11.633%KuCoin0.000003349+11.633%dYdX0.000003349+11.644%Extended0.000003350+11.650%gTrade (Gains Network)0.000003350+11.653%Aster0.000003350+11.656%OKX0.000003350+11.667%MEXC0.000003350+11.667%Bitget0.000003350+11.667%Coinbase International0.000003350+11.667%HTX0.000003350+11.667%Binance0.000003350+11.683%
Hyperliquid0.000003351+11.700%
Pacifica0.000003351+11.700%SoDEX0.000003351+11.700%BingX0.000003352+11.733%Deribit0.000003352+11.733%Orderly0.000003353+11.767%Aevo0.000003353+11.767%Variational Omni0.000003354+11.796%Lighter0.000003354+11.800%SunX0.000003355+11.833%Kraken Futures0.000003357+11.911%Backpack0.000003360+12.000%ApeX Omni0.000003361+12.033%

BONK on 31 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX BONK/USD [ETH-USDC]−10.421%L +0.0184% / S −0.0002%1h$24—100xas long as short
Injective BONK/USDC PERP−3.434%+0.0033%1h$3K$45K5.5xas long as short
Nado kBONK-PERP−0.179%−0.0016%1h$27K$89K10xas long as short
Reya kBONKRUSDPERP−0.124%+0.0083%1h$4—15xas long as short
BloFin 1000BONK-USDT−0.090%−0.0190%4h$969K$12.4M75xas long as short
Bybit 1000BONKUSDTlong0.000%+0.0100%4h$10.0M$12.4M50x
Gate BONK_USDT0.000%+0.0100%4h$717K$1.7M50xas long as short
KuCoin 1000BONKUSDTM0.000%+0.0100%4h$2.9M$8.1M75xas long as short
dYdX BONK-USD+0.010%0.0000%1h$12K$4K10xas long as short
Extended 1000BONK-USD+0.015%+0.0048%1h$22K$624K25xas long as short
Show all 31 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) BONK/USD+0.018%L 0.0000% / S +0.0001%1h$1K—150xas long as short
Aster 1000BONKUSDT+0.020%+0.0100%4h$55K$230K10xas long as short
OKX BONK-USDT-SWAP+0.030%+0.0100%8h$2.6M$5.5M20xas long as short
MEXC 1000BONK_USDT+0.030%+0.0050%4h$10.0M$4.7M125xas long as short
Bitget 1000BONKUSDT+0.030%−0.0034%4h$4.2M$2.6M75xas long as short
Coinbase International 1000BONK-PERP-INTX+0.030%−0.0576%1h$45K$19K50xas long as short
HTX BONK-USDT+0.030%+0.0100%4h$77K$78K30xas long as short
Binance 1000BONKUSDT+0.044%+0.0050%4h$14.2M$38.7M75xas long as short
Hyperliquid kBONKshort+0.060%+0.0100%1h$9.4M$5.8M10x
Pacifica kBONK+0.060%+0.0100%1h$116K$97K10xas long as short
SoDEX 1000BONK-USD+0.060%+0.0100%1h$2K$6K10xas long as short
BingX 1000BONK-USDT+0.090%+0.0100%4h—$7.2M—as long as short
Deribit 1000BONK_USDC-PERPETUAL+0.090%−0.0048%1h$16K$65K10xas long as short
Orderly PERP_1000BONK_USDC+0.119%−0.0245%4h$29K$29K20xas long as short
Aevo 1000BONK-PERP+0.119%+0.0096%1h$4K—3xas long as short
Variational Omni 1000BONK+0.146%+0.0100%4h$300K$154K—as long as short
Lighter 1000BONK+0.149%+0.0096%1h$185K$210K10xas long as short
SunX BONK-USDT+0.179%+0.0100%4h$2K$10K20xas long as short
Kraken Futures PF_BONKUSD+0.249%+0.0043%1h$168K$138K50xas long as short
Backpack kBONK_USDC_PERP+0.328%+0.0100%1h$29K$6K10xas long as short
ApeX Omni 1000BONKUSDT+0.358%−0.0053%1h$57K$689K25xas long as short