Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against OKX−0.114%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.640%+$64 · spread now −0.114%, 7d avg +0.004%

Together, before fees+0.570%+$57 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 0.118% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003495	0.0100	pay 0.0100% / 8h	7h 37m	$3.0M	$15.0M	20x
Short	ApeX Omni 1000BONKUSDT	0.000003491	0.0100	get 0.0013% / 1h	37m 04s	$59K	$700K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → +0.004%: −$11.84
Slippage, 4 orders: −$48.97
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$80.81
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 62 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 OKX live order book, 1 min ago	1.43 bp	19.4 bp −$19	53.7 bp −$537	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	7.02 bp	14.3 bp −$14	91.6 bp −$916	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	−0.0024%	1h	0.000003477	−0.515%	$42K	$66K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003496	+0.031%	$24	—	150x	as long as short
dYdX BONK-USD	+0.0018%	1h	0.000003495	+0.012%	$13K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.323%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003499	+0.113%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003500	+0.157%	$70K	$137K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003502	+0.200%	$47K	$332K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003501	+0.172%	$116K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003497	+0.066%	$18.0M	$89.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003496	+0.034%	$12.4M	$27.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003495	long leg	$3.0M	$15.0M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003495	0.000%	$923K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003500	+0.143%	$11.4M	$10.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003499	+0.114%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003499	+0.114%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003499	+0.114%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003476	−0.546%	$327K	$99K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003491	−0.114%	$59K	$700K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003497	+0.057%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003504	+0.258%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003498	+0.086%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003502	+0.200%	$99K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003498	+0.073%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003496	+0.029%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0130%	4h	0.000003502	+0.200%	$1.1M	$20.1M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.163%	$534	—	100x	as long as short
Lighter 1000BONK	+0.0304%	1h	0.000003502	+0.200%	$246K	$759K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003500	+0.143%	$34K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0601%	1h	0.000003503	+0.229%	$12.0M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1819%	1h	0.000003505	+0.286%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2964%	1h	0.000003502	+0.208%	$179K	$272K	50x	as long as short