Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: HTX against Nado+0.160%7-day average +0.158% · 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−$288as in the Price arb table

costs, in and out, $10k−$2882.878% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.160%, 7d avg +0.158%

Together, before fees−0.269%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003434	0.0100	pay 0.0012% / 1h	45m 20s	$66K	$133K	10x
Short	HTX BONK-USDT	0.000003440	0.0100	get 0.0050% / 4h	1h 45m	$98K	$137K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.158%: $0.22
Slippage, 4 orders: −$268.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$287.6
Costs to cover: 2.878%
Break-even: 198436867696286.4 days

Slippage from Nado: live order book, 65 min ago; HTX: live order book, 64 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 Nado live order book, 65 min ago	2.89 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 64 min ago	1.44 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit

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
Coinbase International 1000BONK-PERP-INTX	−0.0056%	1h	0.000003447	+0.364%	$45K	$90K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003437	+0.070%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.673%	$3K	$57	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0081%	4h	0.000003439	+0.131%	$1.1M	$19.7M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003436	+0.033%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003438	+0.102%	$243K	$735K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003434	long leg	$66K	$133K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003434	−0.007%	$54K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003435	+0.015%	$114K	$150K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003435	+0.017%	$17.6M	$89.4M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003435	+0.015%	$12.1M	$26.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003437	+0.073%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003432	−0.073%	$905K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003433	−0.044%	$10.9M	$10.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003432	−0.079%	$2.8M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003430	−0.131%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003431	−0.102%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003434	−0.025%	$335K	$126K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003439	+0.131%	$58K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003437	+0.073%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003443	+0.247%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003436	+0.044%	$2K	$10K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003440	+0.160%	$98K	$137K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003433	−0.033%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003435	+0.015%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.651%	$525	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0332%	1h	0.000003438	+0.102%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0420%	1h	0.000003440	+0.160%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1246%	1h	0.000003439	+0.131%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1652%	1h	0.000003440	+0.174%	$175K	$253K	50x	as long as short
dYdX BONK-USD	+0.2319%	1h	0.000003431	−0.103%	$13K	$12K	10x	as long as short