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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against dYdX+0.333%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 6 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 0.333% dearer against dYdX than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000035090get 0.0000% / 1h55m 07s$13K$3K10x
ShortApeX Omni 1000BONKUSDT0.0000035210.0100get 0.0013% / 1h55m 07s$59K$706K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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
$21
Price spread: +0.333% → 0.000%
$33.35
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$34.35
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; ApeX Omni: live order book, 49 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 dYdX no order-book sample
Sell ApeX Omni live order book, 49 min ago8.20 bp15.2 bp −$1598.6 bp −$986doesn't fitdoesn't fit
dYdX: 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-INTX−0.0040%1h0.000003522+0.362%$43K$63K50xas long as short
dYdX BONK-USDlong0.0000%1h0.000003509long leg$13K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003516+0.180%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.705%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003513+0.102%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003513+0.120%$62K$131K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003532+0.654%$66K$318K10xas long as short
Pacifica kBONK+0.0100%1h0.000003509−0.008%$116K$141K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003525+0.447%$18.2M$83.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003521+0.319%$12.1M$25.6M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003523+0.390%$2.9M$14.2M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003522+0.362%$966K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003529+0.561%$11.6M$9.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003526+0.482%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003524+0.419%$4.5M$5.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003527+0.504%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003490−0.554%$328K$99Kas long as short
ApeX Omni 1000BONKUSDTshort+0.0100%1h0.000003521+0.333%$59K$706K25x
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003525+0.447%$30K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003533+0.675%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003529+0.561%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003512+0.077%$100K$133K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003524+0.433%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003525+0.447%$4K3xas long as short
BloFin 1000BONK-USDT+0.0159%4h0.000003527+0.504%$1.1M$19.5M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−14.513%$538100xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0602%1h0.000003526+0.476%$35K$165K10xas long as short
Lighter 1000BONK+0.0888%1h0.000003531+0.618%$248K$752K10xas long as short
Backpack kBONK_USDC_PERP+0.1164%1h0.000003535+0.732%$54K$23K10xas long as short
Hyperliquid kBONK+0.1180%1h0.000003533+0.675%$12.1M$8.1M10xas long as short
Kraken Futures PF_BONKUSD+0.4504%1h0.000003538+0.830%$218K$224K50xas long as short