Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against gTrade (Gains Network)+0.226%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 +$3 a day on $10k at the current rate, and HTX is 0.226% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$23 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	gTrade (Gains Network) BONK/USD	0.000003401	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	5m 00s	$23	—	150x
Short	HTX BONK-USDT	0.000003409	0.0100	get 0.0050% / 4h	5m 00s	$93K	$156K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.226%Rate

Funding earned: $20.88
Price spread: +0.226% → 0.000%: $22.64
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $21.52
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 34 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 34 min ago	17.58 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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 exchanges

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
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003401	long leg	$23	—	150x
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003415	+0.403%	$44K	$89K	50x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.743%	$3K	$57	5.5x	as long as short
dYdX BONK-USD	+0.0043%	1h	0.000003402	+0.022%	$13K	$10K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003402	+0.007%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003406	+0.138%	$226K	$757K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.111%	$46K	$207K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003406	+0.138%	$113K	$148K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003397	−0.137%	$17.4M	$90.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003394	−0.221%	$11.7M	$26.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003401	−0.009%	$2.9M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003398	−0.097%	$924K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003395	−0.185%	$10.6M	$11.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003397	−0.129%	$2.8M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003396	−0.156%	$4.4M	$5.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003398	−0.097%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003404	+0.066%	$321K	$137K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003413	+0.344%	$57K	$691K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003403	+0.035%	$63K	$134K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003400	−0.038%	$29K	$45K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003409	+0.226%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003404	+0.079%	$2K	$9K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003409	+0.226%	$93K	$156K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003398	−0.105%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.038%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0142%	4h	0.000003407	+0.168%	$1.0M	$20.2M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.798%	$403	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0338%	1h	0.000003403	+0.050%	$23K	$152K	10x	as long as short
Hyperliquid kBONK	+0.0480%	1h	0.000003407	+0.168%	$11.7M	$8.1M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1400%	1h	0.000003409	+0.220%	$175K	$256K	50x	as long as short
Backpack kBONK_USDC_PERP	+0.1465%	1h	0.000003408	+0.197%	$53K	$25K	10x	as long as short