Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin+0.234%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$383as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3893.892% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now +0.234%, 7d avg +0.109%

Together, before fees−0.260%−$26 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: HTX is 0.126% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003545	0.0100	pay 0.0050% / 4h	33m 34s	$3.0M	$11.0M	75x
Short	HTX BONK-USDT	0.000003553	0.0100	get 0.0050% / 4h	33m 34s	$101K	$134K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.234%Rate

Funding earned: $0
Price spread: +0.234% → +0.109%: $12.56
Slippage, 4 orders: −$365.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$376.61
Costs to cover: 3.892%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 3 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 KuCoin live order book, 5 min ago	2.81 bp	32.0 bp −$32	396.8 bp −$3,968	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	53.28 bp	62.1 bp −$62	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	−0.0040%	1h	0.000003541	−0.104%	$43K	$64K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003550	+0.150%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003549	+0.121%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.637%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0055%	4h	0.000003550	+0.150%	$1.1M	$20.1M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003563	+0.525%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003564	+0.544%	$59K	$318K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003550	+0.150%	$118K	$148K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003564	+0.544%	$18.3M	$85.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003560	+0.423%	$12.4M	$26.1M	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	0.000003562	+0.488%	$3.0M	$14.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003551	+0.178%	$994K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003554	+0.262%	$11.6M	$9.6M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003545	long leg	$3.0M	$11.0M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003560	+0.432%	$4.6M	$5.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003560	+0.432%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003547	+0.059%	$333K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003546	+0.037%	$60K	$705K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003561	+0.474%	$65K	$134K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003549	+0.121%	$30K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003556	+0.319%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003551	+0.178%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003553	+0.234%	$101K	$134K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003561	+0.446%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003538	−0.189%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.367%	$542	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0314%	1h	0.000003551	+0.178%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0496%	1h	0.000003550	+0.150%	$247K	$762K	10x	as long as short
Hyperliquid kBONK	+0.1006%	1h	0.000003552	+0.206%	$12.2M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1585%	1h	0.000003554	+0.262%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4474%	1h	0.000003562	+0.491%	$182K	$262K	50x	as long as short