Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Binance against ApeX Omni+0.290%89s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.569% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.573%−$57 · spread now +0.290%, 7d avg +0.008%

Together, before fees−0.646%−$65 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: Binance is 0.281% dearer against ApeX Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003454	0.0100	pay 0.0013% / 1h	58m 03s	$58K	$704K	25x
Short	Binance 1000BONKUSDT	0.000003464	0.0100	get 0.0050% / 4h	3h 58m	$16.8M	$60.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.290%Rate

Funding earned: $0
Price spread: +0.290% → +0.008%: $28.11
Slippage, 4 orders: −$36.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.82
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; Binance: live order book, 14 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 ApeX Omni live order book, 61 min ago	7.44 bp	17.2 bp −$17	97.9 bp −$979	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.45 bp	11.6 bp −$12	30.1 bp −$301	127.1 bp −$12.7K	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	−0.0312%	1h	0.000003457	+0.087%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003458	+0.128%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003456	+0.046%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.211%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0079%	4h	0.000003459	+0.145%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003455	+0.027%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003467	+0.376%	$226K	$671K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003460	+0.167%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003460	+0.174%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003464	+0.290%	$16.8M	$60.4M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003461	+0.208%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003463	+0.261%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003459	+0.145%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003461	+0.203%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003459	+0.151%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003460	+0.174%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003461	+0.203%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.286%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003454	long leg	$58K	$704K	25x
Nado kBONK-PERP	+0.0100%	1h	0.000003457	+0.101%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003465	+0.318%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003462	+0.232%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003464	+0.290%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003458	+0.117%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003459	+0.145%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0112%	4h	0.000003456	+0.058%	$972K	$15.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.144%	$577	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0275%	1h	0.000003467	+0.376%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0463%	1h	0.000003471	+0.492%	$10.2M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0906%	1h	0.000003463	+0.261%	$6K	$123K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2417%	1h	0.000003474	+0.587%	$224K	$177K	50x	as long as short