Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against HTX−0.384%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$452as in the Funding arb table

Net, price: spread back to 7d avg − costs−$473as in the Price arb table

costs, in and out, $10k−$4494.488% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.471%+$47 · spread now −0.384%, 7d avg −0.146%

Together, before fees+0.435%+$44 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: OKX is 0.238% cheaper against HTX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003650	0.0100	pay 0.0050% / 4h	1h 47m	$104K	$130K	30x
Short	OKX BONK-USDT-SWAP	0.000003636	0.0100	get 0.0100% / 8h	1h 47m	$3.0M	$13.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.384%Rate

Funding earned: $0
Price spread: −0.384% → −0.146%: −$23.77
Slippage, 4 orders: −$426.75
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$472.52
Costs to cover: 4.488%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; OKX: live order book, 1 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, 58 min ago	66.56 bp	342.3 bp −$342	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.37 bp	16.6 bp −$17	48.3 bp −$483	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	−0.0016%	1h	0.000003634	−0.438%	$45K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003636	−0.373%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003642	−0.216%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.301%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003643	−0.194%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003646	−0.110%	$52K	$120K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003639	−0.298%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003648	−0.055%	$122K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003639	−0.298%	$18.7M	$76.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003636	−0.386%	$12.3M	$23.7M	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-SWAPshort	+0.0100%	8h	0.000003636	−0.384%	$3.0M	$13.1M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003641	−0.247%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003642	−0.219%	$11.6M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003641	−0.255%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003640	−0.274%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003640	−0.274%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003625	−0.688%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003624	−0.712%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003646	−0.110%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003651	+0.027%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003646	−0.110%	$2K	$7K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003650	long leg	$104K	$130K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003640	−0.260%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003643	−0.192%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0111%	4h	0.000003631	−0.521%	$1.1M	$19.0M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.808%	$401	—	100x	as long as short
Lighter 1000BONK	+0.0256%	1h	0.000003645	−0.137%	$254K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0299%	1h	0.000003647	−0.082%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1230%	1h	0.000003649	−0.027%	$12.1M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1613%	1h	0.000003650	0.000%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2953%	1h	0.000003657	+0.178%	$225K	$219K	50x	as long as short