Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Aster against ApeX Omni+0.413%99s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as 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−$880.877% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 3 days (all we have)−0.405%−$40 · spread now +0.413%, 7d avg +0.026%

Together, before fees−0.350%+ Points / potential airdropAster: Stage 5 · farm board−$35 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: Aster is 0.387% dearer against ApeX Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 99 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	ApeX Omni 1000BONKUSDT	0.000003379	0.0100	pay 0.0013% / 1h	27m 46s	$57K	$706K	25x
Short	Aster 1000BONKUSDT	0.000003393	0.0100	get 0.0050% / 4h	3h 27m	$65K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.413%Rate

Funding earned: $0
Price spread: +0.413% → +0.026%: $38.67
Slippage, 4 orders: −$69.69
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.02
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; Aster: live order book, 44 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 ApeX Omni live order book, 46 min ago	8.96 bp	17.2 bp −$17	108.5 bp −$1,085	doesn't fit	doesn't fit
Sell Aster live order book, 44 min ago	7.47 bp	19.0 bp −$19	doesn't fit	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	−0.0376%	1h	0.000003395	+0.474%	$43K	$24K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003403	+0.710%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0053%	4h	0.000003397	+0.533%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003391	+0.367%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003394	+0.454%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.107%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003389	+0.310%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003389	+0.311%	$16K	$104K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003393	+0.413%	$65K	$262K	10x
Pacifica kBONK	+0.0100%	1h	0.000003397	+0.533%	$113K	$120K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003399	+0.578%	$15.4M	$53.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003392	+0.391%	$10.6M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003395	+0.474%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003393	+0.414%	$726K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003398	+0.562%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003394	+0.438%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003390	+0.326%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003398	+0.562%	—	$7.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003387	+0.236%	$304K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003379	long leg	$57K	$706K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003400	+0.621%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003395	+0.474%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003391	+0.355%	$93K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003394	+0.452%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003393	+0.414%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.216%	$566	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0271%	1h	0.000003397	+0.533%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003400	+0.621%	$322K	$441K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0339%	1h	0.000003397	+0.533%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0644%	1h	0.000003399	+0.592%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1464%	1h	0.000003402	+0.689%	$212K	$163K	50x	as long as short