Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: OKX against ApeX Omni+0.488%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.793%−$79 · spread now +0.488%, 7d avg +0.001%

Together, before fees−0.724%−$72 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: OKX is 0.487% dearer against ApeX Omni than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003485	0.0100	pay 0.0013% / 1h	51m 21s	$59K	$705K	25x
Short	OKX BONK-USDT-SWAP	0.000003502	0.0100	get 0.0100% / 8h	3h 51m	$2.6M	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.488%Rate

Funding earned: $0
Price spread: +0.488% → +0.001%: $48.68
Slippage, 4 orders: −$44.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.44
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 67 min ago; OKX: live order book, 2 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, 67 min ago	7.44 bp	17.2 bp −$17	97.9 bp −$979	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.43 bp	14.1 bp −$14	59.9 bp −$599	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	−0.0312%	1h	0.000003486	+0.029%	$43K	$37K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	+0.143%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003495	+0.275%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.055%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0077%	4h	0.000003490	+0.143%	$986K	$16.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0080%	4h	0.000003498	+0.373%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003491	+0.170%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003494	+0.258%	$228K	$671K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003491	+0.187%	$36K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003497	+0.352%	$81K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003490	+0.143%	$116K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.443%	$16.9M	$60.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.419%	$11.4M	$19.2M	50x	as long as short
OKX BONK-USDT-SWAPshort	+0.0100%	8h	0.000003502	+0.488%	$2.6M	$9.5M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003489	+0.115%	$862K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003493	+0.230%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003490	+0.149%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003489	+0.115%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003497	+0.344%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003473	−0.347%	$316K	$134K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003485	long leg	$59K	$705K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003503	+0.516%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003499	+0.402%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003491	+0.172%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003501	+0.445%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003499	+0.402%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.917%	$584	—	100x	as long as short
Hyperliquid kBONK	+0.0733%	1h	0.000003496	+0.316%	$10.3M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0894%	1h	0.000003502	+0.488%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1088%	1h	0.000003505	+0.574%	$32K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2394%	1h	0.000003508	+0.653%	$224K	$178K	50x	as long as short