Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: ApeX Omni against Binance+0.264%109s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as 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−$580.579% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 3 days (all we have)+0.242%+$24 · spread now +0.264%, 7d avg −0.011%

Together, before fees+0.323%+$32 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 0.275% dearer against Binance than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 109 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	Binance 1000BONKUSDT	0.000003403	0.0100	pay 0.0050% / 4h	3h 31m	$15.4M	$49.3M	75x
Short	ApeX Omni 1000BONKUSDT	0.000003412	0.0100	get 0.0013% / 1h	31m 42s	$58K	$692K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.264%Rate

Funding earned: $0
Price spread: +0.264% → −0.011%: $27.53
Slippage, 4 orders: −$37.86
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.32
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; ApeX Omni: live order book, 17 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 Binance live order book, 16 min ago	1.49 bp	11.6 bp −$12	30.4 bp −$304	193.0 bp −$19.3K	doesn't fit
Sell ApeX Omni live order book, 17 min ago	8.96 bp	17.4 bp −$17	98.8 bp −$988	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	−0.0328%	1h	0.000003404	+0.029%	$44K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003416	+0.382%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0030%	4h	0.000003412	+0.264%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003410	+0.194%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003402	−0.032%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.791%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0043%	1h	0.000003415	+0.353%	$11K	$100K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003410	+0.203%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003407	+0.118%	$200K	$279K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003411	+0.235%	$20K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003411	+0.235%	$65K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003405	+0.059%	$115K	$114K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003403	long leg	$15.4M	$49.3M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003402	−0.024%	$10.3M	$16.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003405	+0.059%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003407	+0.118%	$746K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003401	−0.059%	$9.6M	$6.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003408	+0.150%	$2.7M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003410	+0.206%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003410	+0.206%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003412	+0.264%	$31K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003414	+0.310%	$307K	$105K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003412	+0.264%	$58K	$692K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003418	+0.441%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003413	+0.294%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003426	+0.676%	$81K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003407	+0.106%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003413	+0.294%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.842%	$570	—	100x	as long as short
Hyperliquid kBONK	+0.0593%	1h	0.000003416	+0.382%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1171%	1h	0.000003418	+0.436%	$207K	$181K	50x	as long as short