Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Pacifica against ApeX Omni+0.090%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.090%, 7d avg +0.008%

Together, before fees−0.106%+ Points / potential airdropPacifica: Active · farm board−$11 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: Pacifica is 0.082% dearer against ApeX Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003350	0.0100	pay 0.0013% / 1h	4m 55s	$56K	$702K	25x
Short	Pacifica kBONK	0.000003353	0.0100	get 0.0013% / 1h	4m 55s	$113K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.008%: $8.18
Slippage, 4 orders: −$42.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$52.67
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 9 min ago; Pacifica: live order book, 8 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, 9 min ago	8.96 bp	17.2 bp −$17	108.5 bp −$1,085	doesn't fit	doesn't fit
Sell Pacifica live order book, 8 min ago	5.97 bp	10.2 bp −$10	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	−0.0456%	1h	0.000003344	−0.179%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003355	+0.149%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003353	+0.090%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003354	+0.116%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003353	+0.104%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.269%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0048%	1h	0.000003355	+0.149%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003354	+0.120%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003357	+0.209%	$214K	$326K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003353	+0.104%	$19K	$106K	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	0.000003357	+0.215%	$64K	$251K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003353	+0.090%	$113K	$123K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003360	+0.299%	$15.2M	$52.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003360	+0.299%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003361	+0.328%	$2.4M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003359	+0.269%	$716K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003355	+0.149%	$9.8M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003357	+0.212%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003355	+0.149%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003361	+0.328%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003357	+0.209%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003349	−0.028%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003350	long leg	$56K	$702K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003359	+0.269%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003355	+0.149%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003362	+0.358%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003360	+0.294%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003351	+0.030%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.448%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.1171%	1h	0.000003361	+0.328%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003360	+0.303%	$205K	$151K	50x	as long as short