Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h 0.000%

Price spread now: BloFin against ApeX Omni+0.209%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$660.655% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)−0.492%−$49 · spread now +0.209%, 7d avg +0.022%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.187% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of +0.022%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.307%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003357	0.0100	pay 0.0013% / 1h	38m 49s	$57K	$706K	25x
Short	BloFin 1000BONK-USDT	0.000003364	0.0043	get 0.0021% / 4h	38m 49s	$955K	$15.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$11.99
Price spread: +0.209% → +0.022%: $18.69
Slippage, 4 orders: −$43.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.84
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; BloFin: live order book, 5 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 ApeX Omni live order book, 20 min ago	7.44 bp	17.2 bp −$17	97.9 bp −$979	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.98 bp	15.2 bp −$15	26.1 bp −$261	78.4 bp −$7,844	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	−0.0320%	1h	0.000003369	+0.357%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003371	+0.428%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003368	+0.334%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.472%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDTshort	+0.0043%	4h	0.000003364	+0.209%	$955K	$15.1M	75x
Deribit 1000BONK_USDC-PERPETUAL	+0.0047%	1h	0.000003367	+0.298%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0071%	4h	0.000003367	+0.298%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003368	+0.341%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003369	+0.357%	$224K	$668K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003367	+0.313%	$29K	$99K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003369	+0.350%	$78K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003371	+0.417%	$112K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003368	+0.328%	$16.2M	$58.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003368	+0.322%	$10.7M	$18.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003368	+0.328%	$2.5M	$8.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003367	+0.298%	$816K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003368	+0.328%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003368	+0.322%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003363	+0.179%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003367	+0.298%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003351	−0.182%	$306K	$133K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003357	long leg	$57K	$706K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003369	+0.357%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003365	+0.238%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003380	+0.685%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003366	+0.273%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003366	+0.268%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−10.634%	$563	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0243%	1h	0.000003368	+0.328%	$29K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0683%	1h	0.000003371	+0.417%	$9.9M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2501%	1h	0.000003370	+0.376%	$218K	$177K	50x	as long as short