Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Variational Omni against ApeX Omni−0.045%7-day average −0.064% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.045%, 7d avg −0.064%

Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003439	0.0100	pay 0.0013% / 1h	27m 00s	$58K	$707K	25x
Short	Variational Omni 1000BONK	0.000003437	0.0100	get 0.0050% / 4h	2h 27m	$313K	$127K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.064%: $1.97
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.03
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 42 min ago; Variational Omni: RFQ quote, 42 min ago. Net counts fees only.

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, 42 min ago	8.78 bp	16.6 bp −$17	104.2 bp −$1,042	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 min ago	5.85 bp	doesn't fit	58.5 bp −$585	doesn't fit	doesn't fit

BONK on 30 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	0.000003369	−2.035%	$43K	$26K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0007%	4h	0.000003451	+0.349%	$30K	$59K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003449	+0.302%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003453	+0.395%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.798%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003455	+0.463%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003455	+0.480%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003456	+0.496%	$67K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003451	+0.349%	$115K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003453	+0.404%	$16.2M	$56.5M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003451	+0.349%	$11.0M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003454	+0.436%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003449	+0.291%	$761K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003452	+0.378%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003453	+0.407%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003451	+0.349%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003452	+0.378%	—	$4.7M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003437	−0.045%	$313K	$127K	—
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003439	long leg	$58K	$707K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003460	+0.611%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003453	+0.407%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003440	+0.029%	$97K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003454	+0.439%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003450	+0.320%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0120%	1h	0.000003456	+0.494%	$233K	$671K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.765%	$577	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0329%	1h	0.000003453	+0.407%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0378%	1h	0.000003455	+0.465%	$31K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0980%	1h	0.000003460	+0.611%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2034%	1h	0.000003464	+0.733%	$216K	$165K	50x	as long as short