Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: MEXC against ApeX Omni−1.043%51s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as 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−$400.395% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+1.069%+$107 · spread now −1.043%, 7d avg +0.004%

Together, before fees+1.008%+$101 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: MEXC is 1.047% cheaper against ApeX Omni than usual: you would sell low and buy high, −$105 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 51 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	0.000003644	0.0100	pay 0.0013% / 1h	30m 34s	$61K	$706K	25x
Short	MEXC 1000BONK_USDT	0.000003606	0.0100	get 0.0050% / 4h	1h 30m	$12.0M	$9.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.043%Rate

Funding earned: $0
Price spread: −1.043% → +0.004%: −$104.69
Slippage, 4 orders: −$29.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$144.2
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 13 min ago; MEXC: live order book, 3 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, 13 min ago	8.20 bp	16.3 bp −$16	113.0 bp −$1,130	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.38 bp	3.4 bp −$3	8.9 bp −$89	63.9 bp −$6,394	120.7 bp −$60.4K

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	−0.0016%	1h	0.000003613	−0.851%	$46K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003607	−1.004%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003608	−0.982%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.154%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003606	−1.045%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003607	−1.015%	$55K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003628	−0.439%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003612	−0.878%	$120K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003628	−0.439%	$18.7M	$79.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003625	−0.524%	$12.5M	$24.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003629	−0.412%	$3.0M	$13.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003614	−0.823%	$957K	$3.4M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003606	−1.043%	$12.0M	$9.2M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003604	−1.106%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003620	−0.659%	$4.7M	$4.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003618	−0.714%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003605	−1.074%	$338K	$146K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003644	long leg	$61K	$706K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003608	−0.988%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003614	−0.823%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003609	−0.960%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003613	−0.851%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003621	−0.628%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003606	−1.043%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0132%	4h	0.000003609	−0.960%	$1.1M	$19.2M	75x	as long as short
Lighter 1000BONK	+0.0168%	1h	0.000003611	−0.906%	$252K	$746K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.673%	$551	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0304%	1h	0.000003610	−0.933%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1233%	1h	0.000003613	−0.851%	$12.4M	$7.8M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1752%	1h	0.000003618	−0.714%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2980%	1h	0.000003623	−0.582%	$223K	$221K	50x	as long as short