Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.005%

Price spread now: HTX against Reya+0.002%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003443	0.0083	pay 0.0010% / 1h	9m 07s	$4	—	15x
Short	HTX BONK-USDT	0.000003443	0.0100	get 0.0050% / 4h	9m 07s	$97K	$120K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Reya. 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 ReyabpFee HTXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $3.6
Price spread: +0.002% → 0.000%: $0.22
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.18
Costs to cover: 0.180%
Break-even: 34.6 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 47 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell HTX live order book, 47 min ago	32.56 bp	41.5 bp −$42	doesn't fit	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0320%	1h	0.000003390	−1.537%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003439	−0.103%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003445	+0.049%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.906%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003450	+0.206%	$975K	$15.6M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0077%	4h	0.000003448	+0.147%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003443	long leg	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003451	+0.235%	$226K	$674K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003443	+0.017%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003440	−0.081%	$79K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003441	−0.056%	$114K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003449	+0.176%	$16.7M	$60.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003446	+0.086%	$10.9M	$18.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003447	+0.118%	$2.5M	$9.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003442	−0.027%	$833K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003450	+0.206%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003447	+0.130%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003446	+0.089%	$4.4M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003443	+0.002%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003438	−0.147%	$313K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003445	+0.060%	$58K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003445	+0.060%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003447	+0.118%	$2K	$7K	10x	as long as short
HTX BONK-USDTshort	+0.0100%	4h	0.000003443	+0.002%	$97K	$120K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003448	+0.134%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003446	+0.089%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.865%	$576	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0330%	1h	0.000003449	+0.176%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0355%	1h	0.000003449	+0.176%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0773%	1h	0.000003451	+0.235%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2438%	1h	0.000003457	+0.407%	$223K	$177K	50x	as long as short