Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against BingX−0.057%68s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$620.615% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.057%, 7d avg +0.004%

Together, before fees+0.100%+$10 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 0.061% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 68 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	BingX 1000BONK-USDT	0.000003491	0.0100	pay 0.0050% / 4h	3h 46m	—	$4.6M	—
Short	ApeX Omni 1000BONKUSDT	0.000003489	0.0100	get 0.0013% / 1h	46m 21s	$59K	$704K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.004%: −$6.09
Slippage, 4 orders: −$41.53
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.62
Costs to cover: 0.615%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; ApeX Omni: live order book, 7 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 BingX live order book, 4 min ago	4.30 bp	15.8 bp −$16	28.7 bp −$287	106.4 bp −$10.6K	610.1 bp −$305.0K
Sell ApeX Omni live order book, 7 min ago	5.72 bp	14.0 bp −$14	115.5 bp −$1,155	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	−0.0312%	1h	0.000003488	−0.086%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.018%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003489	−0.054%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.216%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003488	−0.086%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003489	−0.045%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003492	+0.029%	$234K	$678K	10x	as long as short
BloFin 1000BONK-USDT	+0.0099%	4h	0.000003490	−0.029%	$974K	$16.0M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003488	−0.086%	$36K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003494	+0.093%	$81K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003490	−0.029%	$116K	$105K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003489	−0.056%	$16.9M	$61.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003490	−0.029%	$11.4M	$19.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003489	−0.057%	$2.6M	$9.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003489	−0.057%	$865K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003489	−0.057%	$9.6M	$7.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003489	−0.052%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003489	−0.057%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003491	long leg	—	$4.6M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	+0.054%	$322K	$138K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003489	−0.057%	$59K	$704K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003494	+0.086%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003489	−0.057%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003492	+0.029%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003486	−0.157%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003488	−0.086%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.065%	$583	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0324%	1h	0.000003489	−0.057%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0802%	1h	0.000003498	+0.201%	$10.3M	$4.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0991%	1h	0.000003493	+0.057%	$31K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2402%	1h	0.000003496	+0.133%	$223K	$178K	50x	as long as short