Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against KuCoin+0.660%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$810.811% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.660%, 7d avg −0.030%

Together, before fees−0.217%−$22 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 0.690% dearer against KuCoin than usual: you sell high and buy low, +$69 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003410	0.0100	pay 0.0050% / 4h	3h 29m	$2.9M	$11.1M	75x
Short	ApeX Omni 1000BONKUSDT	0.000003432	0.0100	get 0.0013% / 1h	29m 01s	$58K	$700K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.660%Rate

Funding earned: $0
Price spread: +0.660% → −0.030%: $69.01
Slippage, 4 orders: −$59.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$12.09
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 5 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 KuCoin live order book, 9 min ago	2.86 bp	27.8 bp −$28	404.3 bp −$4,043	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	7.20 bp	15.0 bp −$15	92.4 bp −$924	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	−0.0024%	1h	0.000003404	−0.161%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003405	−0.126%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.974%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	−0.060%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003407	−0.084%	$47K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003405	−0.132%	$113K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003407	−0.070%	$17.6M	$90.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003409	−0.009%	$12.1M	$27.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003409	−0.015%	$3.0M	$14.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003408	−0.044%	$899K	$3.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003411	+0.044%	$11.1M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003410	long leg	$2.9M	$11.1M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003410	+0.015%	$4.4M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003410	+0.015%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.687%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003432	+0.660%	$58K	$700K	25x
Nado kBONK-PERP	+0.0100%	1h	0.000003397	−0.381%	$64K	$142K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003408	−0.044%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003418	+0.249%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003410	+0.015%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003418	+0.249%	$97K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003409	−0.026%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003407	−0.073%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0126%	4h	0.000003411	+0.044%	$1.1M	$19.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.011%	$520	—	100x	as long as short
dYdX BONK-USD	+0.0201%	1h	0.000003401	−0.240%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003413	+0.103%	$242K	$763K	10x	as long as short
Hyperliquid kBONK	+0.0562%	1h	0.000003416	+0.191%	$11.7M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0631%	1h	0.000003410	+0.015%	$33K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1710%	1h	0.000003421	+0.337%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3037%	1h	0.000003418	+0.253%	$173K	$273K	50x	as long as short