BONK

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After costs, if the gap returns to its 7d average, $10k−$46

spread now−0.033%7d average−0.077%fees + slippage, in and out−$50spread needed0.502%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kBONK	0.000003352	0.0343	pay 0.0043% / 1h	18m 43s	$9.5M	$6.1M	10x
Short	Bybit 1000BONKUSDT	0.000003351	0.0100	get 0.0050% / 4h	18m 43s	$10.1M	$13.4M	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee HyperliquidbpFee BybitbpOrdersClose when spread is

Slippage from Hyperliquid: live order book, 5 min ago; Bybit: live order book, 1 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 5 min ago	1.50 bp	14.5 bp −$14	24.3 bp −$243	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.50 bp	15.1 bp −$15	35.5 bp −$355	293.5 bp −$29.3K	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX BONK/USD [ETH-USDC]	−10.501%	L +0.0114% / S −0.0001%	1h	$24	—	100x	as long as short
Injective BONK/USDC PERP	−3.520%	+0.0033%	1h	$3K	$36K	5.5x	as long as short
Variational Omni 1000BONK	−1.008%	+0.0100%	4h	$299K	$159K	—	as long as short
ApeX Omni 1000BONKUSDT	−0.925%	−0.0443%	1h	$56K	$687K	25x	as long as short
HTX BONK-USDT	−0.597%	+0.0100%	4h	$79K	$86K	30x	as long as short
Reya kBONKRUSDPERP	−0.590%	+0.0083%	1h	$4	—	15x	as long as short
gTrade (Gains Network) BONK/USD	−0.531%	L +0.0001% / S +0.0001%	1h	$23	—	150x	as long as short
SoDEX 1000BONK-USD	−0.328%	+0.0100%	1h	$2K	$6K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.328%	−0.0616%	1h	$44K	$18K	50x	as long as short
BloFin 1000BONK-USDT	−0.328%	−0.0215%	4h	$995K	$12.8M	75x	as long as short

Show all 31 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	−0.325%	+0.0100%	4h	$56K	$234K	10x	as long as short
Nado kBONK-PERP	−0.298%	+0.0033%	1h	$20K	$98K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.298%	−0.0348%	1h	$23K	$77K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.268%	−0.0265%	4h	$28K	$34K	20x	as long as short
Aevo 1000BONK-PERP	−0.268%	+0.0088%	1h	$4K	—	3x	as long as short
SunX BONK-USDT	−0.209%	+0.0100%	4h	$2K	$11K	20x	as long as short
Backpack kBONK_USDC_PERP	−0.179%	+0.0100%	1h	$30K	$6K	10x	as long as short
Kraken Futures PF_BONKUSD	−0.149%	+0.0247%	1h	$174K	$149K	50x	as long as short
Gate BONK_USDT	−0.089%	+0.0100%	4h	$737K	$2.1M	50x	as long as short
dYdX BONK-USD	−0.074%	0.0000%	1h	$12K	$4K	10x	as long as short
Pacifica kBONK	−0.060%	+0.0100%	1h	$113K	$101K	10x	as long as short
KuCoin 1000BONKUSDTM	−0.045%	+0.0100%	4h	$2.8M	$8.5M	75x	as long as short
Bybit 1000BONKUSDTshort	−0.033%	+0.0100%	4h	$10.1M	$13.4M	50x
Lighter 1000BONK	−0.030%	+0.0096%	1h	$192K	$223K	10x	as long as short
Hyperliquid kBONKlong	0.000%	+0.0343%	1h	$9.5M	$6.1M	10x
MEXC 1000BONK_USDT	0.000%	+0.0024%	4h	$10.9M	$5.5M	125x	as long as short
Binance 1000BONKUSDT	+0.019%	+0.0029%	4h	$14.5M	$42.8M	75x	as long as short
BingX 1000BONK-USDT	+0.030%	+0.0100%	4h	—	$7.3M	—	as long as short
OKX BONK-USDT-SWAP	+0.089%	+0.0100%	8h	$2.5M	$6.3M	20x	as long as short
Bitget 1000BONKUSDT	+0.209%	+0.0034%	4h	$4.2M	$2.7M	75x	as long as short
Extended 1000BONK-USD	+0.209%	+0.0024%	1h	$22K	$623K	25x	as long as short