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 0.000%

Price spread now: HTX against Pacifica+0.117%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1701.701% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.117%, 7d avg +0.132%

Together, before fees−0.140%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003408	0.0100	pay 0.0013% / 1h	6m 48s	$113K	$151K	10x
Short	HTX BONK-USDT	0.000003412	0.0100	get 0.0050% / 4h	1h 06m	$97K	$138K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.132%: −$1.43
Slippage, 4 orders: −$150.08
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$171.51
Costs to cover: 1.701%
Break-even: never at this rate

Slippage from Pacifica: live order book, 39 min ago; HTX: live order book, 37 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 Pacifica live order book, 39 min ago	4.36 bp	8.4 bp −$8	21.0 bp −$210	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	4.35 bp	10.4 bp −$10	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	0.000003410	+0.059%	$44K	$89K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003404	−0.120%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.932%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003405	−0.088%	$23K	$152K	10x	as long as short
BloFin 1000BONK-USDT	+0.0046%	4h	0.000003407	−0.029%	$1.0M	$19.8M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003404	−0.129%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003408	0.000%	$234K	$760K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003403	−0.132%	$64K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003408	0.000%	$47K	$201K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003408	long leg	$113K	$151K	10x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003407	−0.029%	$17.3M	$90.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003401	−0.205%	$11.7M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003404	−0.117%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003405	−0.088%	$920K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003406	−0.059%	$10.6M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003405	−0.100%	$2.8M	$10.6M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.117%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003407	−0.029%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003398	−0.304%	$321K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003405	−0.088%	$57K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003406	−0.059%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003410	+0.059%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003405	−0.088%	$2K	$9K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003412	+0.117%	$97K	$138K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003403	−0.149%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	−0.117%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.972%	$403	—	100x	as long as short
Hyperliquid kBONK	+0.0383%	1h	0.000003409	+0.029%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1180%	1h	0.000003409	+0.029%	$53K	$25K	10x	as long as short
dYdX BONK-USD	+0.1465%	1h	0.000003405	−0.085%	$13K	$12K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1668%	1h	0.000003409	+0.023%	$173K	$254K	50x	as long as short