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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.1008%/8h= +110.3% APRnext payment +$1.26 per $10,000 · paid last 24h +0.117%
Price spread now: Backpack against ApeX Omni−0.058%7-day average · you buy dearer than you sell
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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Backpack is 0.058% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$30 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni 1000BONKUSDT0.0000034560.0100pay 0.0013% / 1h56m 38s$58K$695K25x
ShortBackpack kBONK_USDC_PERP0.0000034540.1108get 0.0138% / 1h56m 38s$54K$25K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack 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

Funding earned
$211.62
Price spread: −0.058% → 0.000%
−$5.79
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
$185.84
Costs to cover
0.200%
Break-even
0.9 days
Slippage unknown: ApeX Omni: live order book, 55 min ago; Backpack: no order-book sample. 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 ApeX Omni live order book, 55 min ago8.66 bp19.0 bp −$19111.6 bp −$1,116doesn't fitdoesn't fit
Sell Backpack no order-book sample
Backpack: 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 exchanges

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−0.0056%1h0.000003453−0.087%$45K$91K50xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003448−0.223%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−5.266%$3K$575.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0040%1h0.000003453−0.087%$24K$162K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003448−0.242%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003454−0.058%$244K$735K10xas long as short
BloFin 1000BONK-USDT+0.0098%4h0.000003457+0.029%$1.1M$19.7M75xas long as short
Nado kBONK-PERP+0.0100%1h0.000003451−0.130%$68K$133K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003451−0.135%$47K$218K10xas long as short
Pacifica kBONK+0.0100%1h0.000003450−0.174%$115K$150K10xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003450−0.180%$17.7M$89.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003443−0.382%$12.1M$26.3M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003444−0.347%$3.0M$14.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003445−0.318%$916K$3.3M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003443−0.376%$10.9M$10.5M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003446−0.284%$2.9M$10.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003442−0.405%$4.4M$5.2M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003443−0.376%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003452−0.110%$335K$126Kas long as short
ApeX Omni 1000BONKUSDTlong+0.0100%1h0.000003456long leg$58K$695K25x
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003455−0.029%$29K$47K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003459+0.087%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003451−0.145%$2K$10K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003453−0.087%$99K$138K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003442−0.394%$22K$5K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003455−0.029%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−13.194%$527100xas long as short
Hyperliquid kBONK+0.0416%1h0.000003455−0.029%$11.8M$8.3M10xas long as short
Backpack kBONK_USDC_PERPshort+0.1108%1h0.000003454−0.058%$54K$25K10x
Kraken Futures PF_BONKUSD+0.1645%1h0.000003456+0.009%$176K$253K50xas long as short
dYdX BONK-USD+0.2866%1h0.000003450−0.174%$13K$12K10xas long as short