Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.147%

Price spread now: HTX against Coinbase International+0.198%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.198% dearer against Coinbase International than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003541	−0.0040	get 0.0005% / 1h	4m 33s	$42K	$68K	50x
Short	HTX BONK-USDT	0.000003548	0.0100	get 0.0050% / 4h	4m 33s	$101K	$134K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.198%Rate

Funding earned: $29.4
Price spread: +0.198% → 0.000%: $19.77
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $27.17
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Coinbase International: no order-book sample; HTX: live order book, 32 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell HTX live order book, 32 min ago	53.28 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTXlong	−0.0040%	1h	0.000003541	long leg	$42K	$68K	50x
dYdX BONK-USD	0.0000%	1h	0.000003517	−0.669%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003543	+0.048%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.540%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0046%	4h	0.000003545	+0.113%	$1.1M	$20.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003547	+0.156%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003524	−0.480%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003527	−0.395%	$119K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003522	−0.534%	$18.5M	$88.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003519	−0.627%	$12.5M	$27.0M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003521	−0.565%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003521	−0.565%	$947K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003521	−0.565%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003539	−0.071%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003520	−0.593%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003521	−0.565%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003537	−0.126%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003537	−0.113%	$60K	$705K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003522	−0.537%	$69K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003546	+0.141%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003550	+0.254%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003545	+0.113%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003548	+0.198%	$101K	$134K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003520	−0.603%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003540	−0.028%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.278%	$541	—	100x	as long as short
Lighter 1000BONK	+0.0488%	1h	0.000003533	−0.226%	$247K	$769K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0597%	1h	0.000003545	+0.113%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0959%	1h	0.000003543	+0.056%	$12.1M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1788%	1h	0.000003555	+0.395%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4489%	1h	0.000003550	+0.257%	$181K	$275K	50x	as long as short