Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Bitget against ApeX Omni+0.768%103s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$710.705% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)−0.692%−$69 · spread now +0.768%, 7d avg −0.026%

Together, before fees−0.612%−$61 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: Bitget is 0.794% dearer against ApeX Omni than usual: you sell high and buy low, +$79 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 103 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	0.000003385	0.0100	pay 0.0013% / 1h	15m 54s	$57K	$708K	25x
Short	Bitget 1000BONKUSDT	0.000003411	0.0100	get 0.0050% / 4h	3h 15m	$4.3M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.768%Rate

Funding earned: $0
Price spread: +0.768% → −0.026%: $79.4
Slippage, 4 orders: −$48.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $8.86
Costs to cover: 0.705%
Break-even: from the start

Slippage from ApeX Omni: live order book, 58 min ago; Bitget: live order book, 2 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, 58 min ago	8.96 bp	17.2 bp −$17	108.5 bp −$1,085	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.91 bp	18.5 bp −$19	38.1 bp −$381	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	−0.0376%	1h	0.000003371	−0.414%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003390	+0.148%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0043%	4h	0.000003402	+0.502%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003402	+0.511%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003392	+0.220%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.279%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003401	+0.487%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003402	+0.517%	$18K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003407	+0.642%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003397	+0.355%	$115K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003417	+0.945%	$15.6M	$53.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003413	+0.836%	$10.7M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003415	+0.886%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003413	+0.827%	$733K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003417	+0.945%	$10.1M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003409	+0.715%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003411	+0.768%	$4.3M	$3.0M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003416	+0.916%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003401	+0.472%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003385	long leg	$57K	$708K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003414	+0.857%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003408	+0.679%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003401	+0.473%	$94K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003413	+0.820%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	+0.561%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.374%	$568	—	100x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003412	+0.798%	$323K	$442K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0338%	1h	0.000003409	+0.709%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0610%	1h	0.000003420	+1.034%	$9.7M	$7.4M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0632%	1h	0.000003406	+0.620%	$2K	$110K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1459%	1h	0.000003415	+0.878%	$213K	$165K	50x	as long as short