Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.024%

Price spread now: Nado against HTX+0.456%7-day average −0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$3523.515% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.315%−$32 · spread now +0.456%, 7d avg −0.164%

Together, before fees−0.350%+ Points / potential airdropNado: Active · farm board−$35 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: Nado is 0.620% dearer against HTX than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003510	0.0100	pay 0.0050% / 4h	3h 21m	$99K	$121K	30x
Short	Nado kBONK-PERP	0.000003526	0.0100	get 0.0013% / 1h	21m 32s	$38K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.456%Rate

Funding earned: $0
Price spread: +0.456% → −0.164%: $61.99
Slippage, 4 orders: −$332.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$289.53
Costs to cover: 3.515%
Break-even: never at this rate

Slippage from HTX: live order book, 30 min ago; Nado: live order book, 2 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 HTX live order book, 30 min ago	90.93 bp	221.1 bp −$221	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	2.85 bp	12.0 bp −$12	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	−0.0312%	1h	0.000003493	−0.484%	$44K	$39K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003529	+0.552%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003503	−0.211%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.724%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0036%	1h	0.000003502	−0.228%	$6K	$123K	10x	as long as short
BloFin 1000BONK-USDT	+0.0045%	4h	0.000003514	+0.114%	$990K	$16.6M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003503	−0.199%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003524	+0.396%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003521	+0.303%	$81K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003527	+0.484%	$119K	$107K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003526	+0.456%	$17.5M	$63.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003522	+0.342%	$11.4M	$19.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003526	+0.456%	$2.6M	$9.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003528	+0.513%	$882K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003530	+0.570%	$10.1M	$7.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003522	+0.333%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003523	+0.370%	$4.5M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003523	+0.370%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003522	+0.338%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003516	+0.171%	$59K	$707K	25x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003526	+0.456%	$38K	$108K	10x
SunX BONK-USDT	+0.0100%	4h	0.000003510	0.000%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003504	−0.171%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003510	long leg	$99K	$121K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003525	+0.414%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003500	−0.285%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.530%	$584	—	100x	as long as short
Lighter 1000BONK	+0.0216%	1h	0.000003526	+0.456%	$247K	$692K	10x	as long as short
Hyperliquid kBONK	+0.0843%	1h	0.000003533	+0.655%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1406%	1h	0.000003513	+0.085%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2389%	1h	0.000003516	+0.160%	$224K	$178K	50x	as long as short