Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h 0.000%

Price spread now: BloFin against ApeX Omni+0.380%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)−0.664%−$66 · spread now +0.380%, 7d avg +0.022%

Together, before fees−0.356%−$36 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: BloFin is 0.358% dearer against ApeX Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003422	0.0100	pay 0.0013% / 1h	12m 46s	$58K	$705K	25x
Short	BloFin 1000BONK-USDT	0.000003435	0.0094	get 0.0047% / 4h	12m 46s	$973K	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.380%Rate

Funding earned: −$1.18
Price spread: +0.380% → +0.022%: $35.83
Slippage, 4 orders: −$36.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.52
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; BloFin: live order book, 6 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	7.44 bp	17.2 bp −$17	97.9 bp −$979	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	4.41 bp	12.9 bp −$13	24.7 bp −$247	60.2 bp −$6,019	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	−0.0320%	1h	0.000003390	−0.935%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003432	+0.303%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003433	+0.324%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.325%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0076%	4h	0.000003435	+0.380%	$29K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003437	+0.437%	$4	—	15x	as long as short
BloFin 1000BONK-USDTshort	+0.0094%	4h	0.000003435	+0.380%	$973K	$15.5M	75x
Lighter 1000BONK	+0.0096%	1h	0.000003440	+0.526%	$225K	$672K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003432	+0.289%	$79K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003437	+0.438%	$114K	$109K	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	0.000003436	+0.423%	$16.6M	$59.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003439	+0.491%	$10.9M	$18.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003440	+0.526%	$2.5M	$9.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003435	+0.380%	$821K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003440	+0.526%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003433	+0.313%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003431	+0.263%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003433	+0.321%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003417	−0.149%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003422	long leg	$58K	$705K	25x
Nado kBONK-PERP	+0.0100%	1h	0.000003437	+0.438%	$31K	$101K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003440	+0.526%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003437	+0.438%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003440	+0.526%	$97K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003431	+0.265%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003432	+0.292%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.332%	$574	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0347%	1h	0.000003439	+0.497%	$30K	$7K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0624%	1h	0.000003436	+0.409%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0778%	1h	0.000003439	+0.497%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2447%	1h	0.000003444	+0.653%	$222K	$177K	50x	as long as short