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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.017%
Price spread now: Injective against ApeX Omni−7.619%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 4 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 −$2 a day on $10k at the current rate, and Injective is 7.619% cheaper against ApeX Omni than usual: you would sell low and buy high (−$762 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 1000BONKUSDT0.0000035440.0100pay 0.0013% / 1h16m 41s$60K$704K25x
ShortInjective BONK/USDC PERP0.0000032740.0033get 0.0004% / 1h16m 41s$3K$1135.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −7.619% → 0.000%
−$761.85
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$785.87
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 32 min ago; Injective: 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, 32 min ago11.33 bp19.2 bp −$19100.3 bp −$1,003doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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−0.0136%1h0.000003567+0.649%$44K$48K50xas long as short
dYdX BONK-USD0.0000%1h0.000003561+0.488%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003558+0.398%$25150xas long as short
Injective BONK/USDC PERPshort+0.0033%1h0.000003274−7.619%$3K$1135.5x
BloFin 1000BONK-USDT+0.0072%4h0.000003567+0.649%$1.0M$18.2M75xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003557+0.379%$415xas long as short
Orderly PERP_1000BONK_USDC+0.0099%4h0.000003560+0.451%$31K$53K20xas long as short
Nado kBONK-PERP+0.0100%1h0.000003557+0.367%$44K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003560+0.452%$59K$299K10xas long as short
Pacifica kBONK+0.0100%1h0.000003563+0.536%$120K$125K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003566+0.619%$18.3M$72.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003560+0.449%$11.8M$22.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003562+0.508%$2.8M$11.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003564+0.564%$923K$3.1M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003561+0.480%$10.6M$8.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003560+0.457%$3.0M$10.4M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003560+0.451%$4.5M$4.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003561+0.480%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003509−0.991%$327K$141Kas long as short
ApeX Omni 1000BONKUSDTlong+0.0100%1h0.000003544long leg$60K$704K25x
SunX BONK-USDT+0.0100%4h0.000003570+0.734%$2K$13K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003564+0.564%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003561+0.480%$101K$130K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003561+0.467%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003559+0.423%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−15.350%$392100xas long as short
Lighter 1000BONK+0.0200%1h0.000003567+0.649%$250K$723K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0593%1h0.000003561+0.480%$9K$134K10xas long as short
Hyperliquid kBONK+0.1546%1h0.000003573+0.818%$11.9M$6.7M10xas long as short
Backpack kBONK_USDC_PERP+0.1623%1h0.000003570+0.734%$47K$17K10xas long as short
Kraken Futures PF_BONKUSD+0.2600%1h0.000003576+0.913%$219K$218K50xas long as short