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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.143%
Price spread now: ApeX Omni against Coinbase International+0.617%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.617% dearer against Coinbase International than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000BONK-PERP-INTX0.000003565−0.0016get 0.0002% / 1h15m 37s$45K$62K50x
ShortApeX Omni 1000BONKUSDT0.0000035870.0100get 0.0013% / 1h15m 37s$60K$706K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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
$24.36
Price spread: +0.617% → 0.000%
$61.71
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$66.07
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; ApeX Omni: live order book, 28 min ago. 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 Coinbase International no order-book sample
Sell ApeX Omni live order book, 28 min ago8.20 bp15.2 bp −$1598.6 bp −$986doesn't fitdoesn't fit
Coinbase International: 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 venues

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-INTXlong−0.0016%1h0.000003565long leg$45K$62K50x
dYdX BONK-USD0.0000%1h0.000003555−0.272%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003585+0.564%$25150xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0030%1h0.000003570+0.140%$35K$176K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−8.163%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003587+0.615%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003553−0.323%$53K$123K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003560−0.140%$59K$303K10xas long as short
Pacifica kBONK+0.0100%1h0.000003561−0.112%$118K$139K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003558−0.210%$18.5M$80.9M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003548−0.474%$12.2M$24.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003551−0.393%$2.9M$13.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003557−0.224%$963K$3.4M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003553−0.337%$11.7M$9.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003558−0.202%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003555−0.281%$4.6M$4.8M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003558−0.196%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003567+0.053%$336K$147Kas long as short
ApeX Omni 1000BONKUSDTshort+0.0100%1h0.000003587+0.617%$60K$706K25x
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003569+0.112%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003574+0.252%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003571+0.168%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003604+1.094%$102K$131K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003556−0.240%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003566+0.028%$4K3xas long as short
BloFin 1000BONK-USDT+0.0112%4h0.000003589+0.673%$1.1M$19.3M75xas long as short
Lighter 1000BONK+0.0136%1h0.000003563−0.056%$249K$748K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−15.849%$546100xas long as short
Hyperliquid kBONK+0.1272%1h0.000003566+0.028%$12.2M$7.9M10xas long as short
Backpack kBONK_USDC_PERP+0.1697%1h0.000003576+0.309%$55K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.3012%1h0.000003584+0.533%$221K$223K50xas long as short