Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against OKX+2.521%90s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.636% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−2.597%−$260 · spread now +2.521%, 7d avg −0.005%

Together, before fees−2.666%−$267 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 2.526% dearer against OKX than usual: you sell high and buy low, +$253 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003609	0.0100	pay 0.0100% / 8h	1h 31m	$3.0M	$13.5M	20x
Short	ApeX Omni 1000BONKUSDT	0.000003700	0.0100	get 0.0013% / 1h	31m 59s	$62K	$706K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +2.521%Rate

Funding earned: $0
Price spread: +2.521% → −0.005%: $252.62
Slippage, 4 orders: −$43.59
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $189.03
Costs to cover: 0.636%
Break-even: from the start

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	1.37 bp	13.7 bp −$14	70.8 bp −$708	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 12 min ago	8.20 bp	15.2 bp −$15	98.6 bp −$986	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	−0.0016%	1h	0.000003596	−0.360%	$45K	$61K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003610	+0.028%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003606	−0.078%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.282%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0069%	4h	0.000003640	+0.859%	$1.1M	$19.3M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003605	−0.113%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003604	−0.139%	$55K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003608	−0.014%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003608	−0.028%	$120K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003609	−0.008%	$18.6M	$79.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003608	−0.033%	$12.5M	$24.5M	50x	as long as short
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003609	long leg	$3.0M	$13.5M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003609	0.000%	$958K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003610	+0.028%	$12.2M	$9.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003609	+0.006%	$2.9M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003603	−0.166%	$4.6M	$4.6M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003609	0.000%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003644	+0.966%	$345K	$146K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003700	+2.521%	$62K	$706K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003608	−0.028%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003616	+0.194%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003611	+0.055%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003605	−0.111%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003608	−0.038%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003607	−0.055%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0168%	1h	0.000003616	+0.194%	$252K	$746K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−16.874%	$551	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0304%	1h	0.000003611	+0.055%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1232%	1h	0.000003616	+0.194%	$12.4M	$7.8M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1765%	1h	0.000003614	+0.139%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2981%	1h	0.000003622	+0.357%	$223K	$221K	50x	as long as short