Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: KuCoin against ApeX Omni−0.618%52s7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as 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−$880.882% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.618%, 7d avg +0.041%

Together, before fees+0.159%+$16 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: KuCoin is 0.659% cheaper against ApeX Omni than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of +0.041%. The two prices were read 52 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	0.000003398	0.0100	pay 0.0013% / 1h	8m 40s	$57K	$705K	25x
Short	KuCoin 1000BONKUSDTM	0.000003377	0.0100	get 0.0050% / 4h	1h 08m	$2.6M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.618%Rate

Funding earned: $0
Price spread: −0.618% → +0.041%: −$65.92
Slippage, 4 orders: −$66.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.08
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; KuCoin: live order book, 10 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, 55 min ago	8.74 bp	16.8 bp −$17	98.5 bp −$985	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.94 bp	22.2 bp −$22	114.9 bp −$1,149	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	−0.0336%	1h	0.000003372	−0.765%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003375	−0.667%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003377	−0.618%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003378	−0.586%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.649%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0063%	4h	0.000003377	−0.618%	$29K	$57K	20x	as long as short
BloFin 1000BONK-USDT	+0.0073%	4h	0.000003381	−0.500%	$955K	$15.0M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003377	−0.608%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003381	−0.500%	$223K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003375	−0.662%	$27K	$96K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003379	−0.565%	$78K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003377	−0.618%	$113K	$104K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003377	−0.610%	$16.2M	$57.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003375	−0.674%	$10.7M	$18.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003375	−0.677%	$2.5M	$8.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003377	−0.618%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003378	−0.589%	$9.5M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003377	−0.618%	$2.6M	$9.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003376	−0.647%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003376	−0.647%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003379	−0.559%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003386	−0.343%	$307K	$133K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003398	long leg	$57K	$705K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003384	−0.412%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003377	−0.618%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003383	−0.441%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003375	−0.688%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003378	−0.589%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.713%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0804%	1h	0.000003384	−0.412%	$10.0M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2054%	1h	0.000003383	−0.438%	$218K	$174K	50x	as long as short