Settings8H · net · $10k
Funding arb · Price arb /

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0101%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.016%
Price spread now: gTrade (Gains Network) against ApeX Omni−0.244%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.244% cheaper against ApeX Omni than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni 1000BONKUSDT0.0000033980.0100pay 0.0013% / 1h10m 45s$57K$705K25x
ShortgTrade (Gains Network) BONK/USD0.000003390L +0.0001% / S +0.0001%pay 0.0000% / 1h10m 45s$23150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$21.17
Price spread: −0.244% → 0.000%
−$24.43
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$65.6
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 53 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 53 min ago8.74 bp16.8 bp −$1798.5 bp −$985doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0336%1h0.000003379−0.559%$43K$34K50xas long as short
dYdX BONK-USD0.0000%1h0.000003390−0.235%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDshortL +0.0001% / S +0.0001%1h0.000003390−0.244%$23150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.649%$3K$1135.5xas long as short
Orderly PERP_1000BONK_USDC+0.0063%4h0.000003396−0.059%$29K$57K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003389−0.268%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003395−0.088%$224K$670K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003390−0.241%$78K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003390−0.235%$114K$104K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003393−0.147%$16.0M$57.6M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003387−0.324%$10.7M$18.1M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003389−0.265%$2.5M$8.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003389−0.265%$842K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003389−0.265%$9.5M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003388−0.291%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003390−0.235%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003396−0.059%$4.7Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003399+0.029%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003386−0.343%$307K$133Kas long as short
ApeX Omni 1000BONKUSDTlong+0.0100%1h0.000003398long leg$57K$705K25x
Nado kBONK-PERP+0.0100%1h0.000003390−0.221%$27K$97K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003402+0.118%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003397−0.029%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003391−0.206%$96K$119K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003394−0.114%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003396−0.059%$4K3xas long as short
BloFin 1000BONK-USDT+0.0129%4h0.000003394−0.118%$955K$15.1M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.713%$567100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0634%1h0.000003397−0.029%$2K$110K10xas long as short
Hyperliquid kBONK+0.0808%1h0.000003400+0.059%$10.1M$4.7M10xas long as short
Kraken Futures PF_BONKUSD+0.2043%1h0.000003401+0.091%$220K$174K50xas long as short