Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: ApeX Omni against BingX+0.505%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.505%, 7d avg +0.009%

Together, before fees−0.477%−$48 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: ApeX Omni is 0.495% dearer against BingX than usual: you sell high and buy low, +$50 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003368	0.0100	pay 0.0050% / 4h	1h 35m	—	$6.5M	—
Short	ApeX Omni 1000BONKUSDT	0.000003385	0.0100	get 0.0013% / 1h	35m 16s	$57K	$698K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.505%Rate

Funding earned: $0
Price spread: +0.505% → +0.009%: $49.54
Slippage, 4 orders: −$64.02
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.48
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; ApeX Omni: live order book, 48 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 BingX live order book, 15 min ago	4.49 bp	17.6 bp −$18	73.2 bp −$732	525.6 bp −$52.6K	739.7 bp −$369.8K
Sell ApeX Omni live order book, 48 min ago	8.90 bp	16.8 bp −$17	119.4 bp −$1,194	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	−0.0248%	1h	0.000003358	−0.297%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003368	0.000%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0075%	4h	0.000003371	+0.089%	$29K	$41K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0046%	1h	0.000003371	+0.089%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003371	+0.104%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003370	+0.059%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.791%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003372	+0.123%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003372	+0.119%	$196K	$294K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003371	+0.089%	$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	0.000003369	+0.042%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003370	+0.059%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003371	+0.079%	$15.2M	$51.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003368	0.000%	$10.2M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003369	+0.030%	$2.5M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003368	0.000%	$749K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	+0.059%	$10.1M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003368	0.000%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003367	−0.030%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003368	long leg	—	$6.5M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003370	+0.059%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003374	+0.181%	$313K	$112K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003385	+0.505%	$57K	$698K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003376	+0.238%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003370	+0.059%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003370	+0.058%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003370	+0.059%	$4K	—	3x	as long as short
HTX BONK-USDT	+0.0145%	4h	0.000003380	+0.356%	$91K	$150K	30x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.926%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0929%	1h	0.000003380	+0.356%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0959%	1h	0.000003378	+0.305%	$205K	$149K	50x	as long as short