Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against Binance−0.026%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.026%, 7d avg −0.012%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003369	0.0100	pay 0.0050% / 4h	1m 34s	$15.3M	$52.8M	75x
Short	ApeX Omni 1000BONKUSDT	0.000003368	0.0100	get 0.0013% / 1h	1m 34s	$57K	$702K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.012%: −$1.43
Slippage, 4 orders: −$36.16
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.59
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 12 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 Binance live order book, 11 min ago	1.49 bp	11.8 bp −$12	26.3 bp −$263	222.2 bp −$22.2K	doesn't fit
Sell ApeX Omni live order book, 12 min ago	8.96 bp	16.8 bp −$17	113.4 bp −$1,134	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	0.000003366	−0.086%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003365	−0.115%	$1.0M	$13.9M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003364	−0.145%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003365	−0.118%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003364	−0.130%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.817%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003370	+0.019%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003370	+0.033%	$223K	$335K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003369	+0.018%	$19K	$106K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003368	−0.013%	$65K	$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	0.000003367	−0.056%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003369	long leg	$15.3M	$52.8M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003376	+0.211%	$10.3M	$16.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003371	+0.063%	$2.4M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003365	−0.115%	$720K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003374	+0.152%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003368	−0.035%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003367	−0.056%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003367	−0.056%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003367	−0.056%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003349	−0.589%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003368	−0.026%	$57K	$702K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003370	+0.033%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003365	−0.115%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003369	+0.003%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003364	−0.150%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003364	−0.145%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.950%	$562	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0344%	1h	0.000003367	−0.056%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.1142%	1h	0.000003375	+0.181%	$9.9M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1453%	1h	0.000003373	+0.119%	$206K	$153K	50x	as long as short