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% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Bitget−0.268%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)+0.236%+$24 · spread now −0.268%, 7d avg +0.026%

Together, before fees+0.153%+$15 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 0.294% cheaper against Bitget than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003359	0.0100	pay 0.0050% / 4h	4m 45s	$4.2M	$3.1M	75x
Short	ApeX Omni 1000BONKUSDT	0.000003350	0.0100	get 0.0013% / 1h	4m 45s	$56K	$702K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.268%Rate

Funding earned: $0
Price spread: −0.268% → +0.026%: −$29.42
Slippage, 4 orders: −$43.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.86
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 9 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 Bitget live order book, 3 min ago	2.99 bp	20.9 bp −$21	41.4 bp −$414	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 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	0.000003344	−0.447%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003355	−0.119%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003353	−0.179%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003354	−0.152%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003358	−0.016%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.531%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0048%	1h	0.000003355	−0.119%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003354	−0.148%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003362	+0.089%	$216K	$326K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003353	−0.164%	$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	0.000003364	+0.147%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003361	+0.060%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003364	+0.139%	$15.3M	$52.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003367	+0.250%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003365	+0.179%	$2.4M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003359	0.000%	$716K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003367	+0.238%	$9.8M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003357	−0.057%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003359	long leg	$4.2M	$3.1M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003361	+0.060%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003357	−0.060%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003349	−0.296%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003350	−0.268%	$56K	$702K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003359	0.000%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003355	−0.119%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003362	+0.089%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003360	+0.025%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003351	−0.238%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.688%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.1170%	1h	0.000003367	+0.238%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003360	+0.034%	$205K	$151K	50x	as long as short