Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Bitget against ApeX Omni+0.058%103s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$710.710% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−1.044%−$104 · spread now +0.058%, 7d avg −0.029%

Together, before fees−0.964%−$96 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: Bitget is 0.087% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 103 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	0.000003442	0.0100	pay 0.0013% / 1h	55m 51s	$58K	$709K	25x
Short	Bitget 1000BONKUSDT	0.000003444	0.0100	get 0.0050% / 4h	1h 55m	$4.3M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.029%: $8.71
Slippage, 4 orders: −$49.04
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.34
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 8 min ago; Bitget: live order book, 2 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, 8 min ago	8.74 bp	16.8 bp −$17	98.5 bp −$985	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.36 bp	15.5 bp −$15	46.9 bp −$469	doesn't fit	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003464	+0.639%	$47K	$32K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003465	+0.680%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003467	+0.718%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0027%	4h	0.000003468	+0.755%	$30K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.881%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003471	+0.840%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003443	+0.029%	$225K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003469	+0.799%	$27K	$106K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003460	+0.517%	$81K	$263K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003466	+0.697%	$115K	$118K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003440	−0.044%	$16.1M	$57.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003446	+0.113%	$11.0M	$18.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003442	0.000%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003452	+0.291%	$898K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003449	+0.203%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003457	+0.447%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003444	+0.058%	$4.3M	$3.1M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003448	+0.174%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003468	+0.753%	$313K	$133K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003442	long leg	$58K	$709K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003477	+1.017%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003466	+0.697%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003468	+0.755%	$98K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003451	+0.252%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003468	+0.755%	$4K	—	3x	as long as short
Backpack kBONK_USDC_PERP	+0.0186%	1h	0.000003461	+0.552%	$31K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.841%	$580	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0327%	1h	0.000003469	+0.784%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0630%	1h	0.000003452	+0.291%	$10.2M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2001%	1h	0.000003473	+0.892%	$224K	$174K	50x	as long as short