Settings8H · net · $10k
Funding arb · Price arb /

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Injective+3.451%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 3.451% dearer against Injective than usual: you sell high and buy low: +$345 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BONK/USDC PERP0.0000032740.0033pay 0.0004% / 1h35m 00s$3K$1135.5x
ShortApeX Omni 1000BONKUSDT0.0000033870.0100get 0.0013% / 1h35m 00s$57K$707K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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

Funding earned
$14
Price spread: +3.451% → 0.000%
$345.14
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$349.12
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 29 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell ApeX Omni live order book, 29 min ago8.74 bp16.5 bp −$17117.9 bp −$1,179doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0336%1h0.000003380+3.238%$45K$31K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003418+4.398%$951K$15.2M75xas long as short
dYdX BONK-USD0.0000%1h0.000003410+4.164%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003414+4.279%$24150xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
Deribit 1000BONK_USDC-PERPETUAL+0.0043%1h0.000003416+4.337%$2K$110K10xas long as short
Orderly PERP_1000BONK_USDC+0.0048%4h0.000003415+4.307%$29K$58K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003413+4.258%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003417+4.368%$226K$670K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003412+4.230%$27K$97K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003416+4.351%$79K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003412+4.215%$115K$108K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003416+4.343%$16.1M$56.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003414+4.276%$10.8M$17.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003412+4.215%$2.5M$8.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003412+4.215%$848K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003417+4.368%$9.7M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003414+4.285%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003410+4.154%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003414+4.276%$4.7Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003416+4.337%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003409+4.118%$310K$133Kas long as short
ApeX Omni 1000BONKUSDTshort+0.0100%1h0.000003387+3.451%$57K$707K25x
SunX BONK-USDT+0.0100%4h0.000003420+4.459%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003415+4.307%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003420+4.459%$97K$119K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003411+4.171%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003413+4.246%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−8.369%$571100xas long as short
Hyperliquid kBONK+0.0751%1h0.000003422+4.520%$10.1M$4.7M10xas long as short
Kraken Futures PF_BONKUSD+0.2029%1h0.000003425+4.610%$221K$174K50xas long as short