Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Nado against ApeX Omni−0.295%61s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.712% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.526%+$53 · spread now −0.295%, 7d avg +0.004%

Together, before fees+0.531%+ Points / potential airdropNado: Active · farm board+$53 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: Nado is 0.300% cheaper against ApeX Omni than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 61 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	0.000003557	0.0100	pay 0.0013% / 1h	14m 22s	$60K	$704K	25x
Short	Nado kBONK-PERP	0.000003546	0.0100	get 0.0012% / 1h	14m 22s	$46K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.295%Rate

Funding earned: $0
Price spread: −0.295% → +0.004%: −$29.95
Slippage, 4 orders: −$54.24
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$101.19
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; Nado: live order book, 4 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, 34 min ago	11.33 bp	19.2 bp −$19	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	4.23 bp	13.9 bp −$14	doesn't fit	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	−0.0136%	1h	0.000003532	−0.703%	$43K	$49K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003536	−0.582%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003546	−0.320%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.956%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003546	−0.311%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0087%	4h	0.000003540	−0.478%	$1.0M	$18.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0098%	4h	0.000003547	−0.281%	$30K	$53K	20x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003546	−0.295%	$46K	$115K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003552	−0.130%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003538	−0.534%	$119K	$125K	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	0.000003549	−0.225%	$18.2M	$72.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003547	−0.290%	$11.8M	$22.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003548	−0.253%	$2.8M	$11.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003543	−0.394%	$952K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003544	−0.365%	$10.5M	$8.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003547	−0.292%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003547	−0.281%	$4.5M	$4.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003548	−0.253%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003548	−0.241%	$330K	$141K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003557	long leg	$60K	$704K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003553	−0.112%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003549	−0.225%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003541	−0.450%	$101K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003548	−0.265%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003548	−0.253%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.659%	$391	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003541	−0.450%	$248K	$723K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0596%	1h	0.000003549	−0.225%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1534%	1h	0.000003553	−0.112%	$11.8M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1617%	1h	0.000003541	−0.450%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2615%	1h	0.000003555	−0.047%	$218K	$218K	50x	as long as short