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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.016%
Price spread now: ApeX Omni against SunX+0.237%73s7-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 +$1 a day on $10k at the current rate, and ApeX Omni is 0.237% dearer against SunX than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BONK-USDT0.0000033760.0100pay 0.0050% / 4h3h 49m$2K$12K20x
ShortApeX Omni 1000BONKUSDT0.0000033840.0126get 0.0016% / 1h49m 57s$57K$704K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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
$5.53
Price spread: +0.237% → 0.000%
$23.7
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$11.22
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SunX: no order-book sample; ApeX Omni: live order book, 24 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 SunX no order-book sample
Sell ApeX Omni live order book, 24 min ago8.96 bp16.8 bp −$17113.4 bp −$1,134doesn't fitdoesn't fit
SunX: 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−0.0376%1h0.000003366−0.296%$43K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003371−0.148%$1.0M$14.1M75xas long as short
Orderly PERP_1000BONK_USDC−0.0062%4h0.000003366−0.296%$29K$40K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003369−0.195%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003371−0.134%$12K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003364−0.355%$2K$110K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.021%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003368−0.237%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003371−0.133%$19K$106K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003370−0.165%$65K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003373−0.089%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003367−0.263%$15.5M$53.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003367−0.258%$10.5M$17.1M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003366−0.296%$2.4M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003369−0.207%$723K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003368−0.237%$9.8M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003367−0.255%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003368−0.237%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003368−0.237%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003371−0.149%$304K$119Kas long as short
SunX BONK-USDTlong+0.0100%4h0.000003376long leg$2K$12K20x
SoDEX 1000BONK-USD+0.0100%1h0.000003365−0.326%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003380+0.118%$93K$153K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003364−0.346%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003364−0.355%$4K3xas long as short
ApeX Omni 1000BONKUSDTshort+0.0126%1h0.000003384+0.237%$57K$704K25x
Lighter 1000BONK+0.0176%1h0.000003370−0.178%$263K$371K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.137%$564100xas long as short
Backpack kBONK_USDC_PERP+0.0250%1h0.000003369−0.207%$30K$7K10xas long as short
Hyperliquid kBONK+0.0561%1h0.000003373−0.089%$9.9M$7.5M10xas long as short
Kraken Futures PF_BONKUSD+0.1477%1h0.000003373−0.101%$206K$156K50xas long as short