BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.076%

Price spread now: Deribit against ApeX Omni+0.516%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.487%−$49 on $10k

Price spread, last 4 days (all we have)−0.429%−$43 · spread now +0.516%, 7d avg −0.003%

Together, before fees−0.915%−$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.519% dearer against ApeX Omni than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 6 days funding on this pair cost −0.487%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003487	0.0100	pay 0.0013% / 1h	48m 45s	$59K	$706K	25x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003505	0.0321	get 0.0040% / 1h	48m 45s	$9K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.516%Rate

Funding earned: $46.4
Price spread: +0.516% → −0.003%: $51.93
Slippage, 4 orders: −$39.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $42.24
Costs to cover: 0.561%
Break-even: 0.6 days

Slippage from ApeX Omni: live order book, 65 min ago; Deribit: live order book, 30 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, 65 min ago	5.72 bp	18.1 bp −$18	108.7 bp −$1,087	doesn't fit	doesn't fit
Sell Deribit live order book, 30 min ago	4.26 bp	16.3 bp −$16	doesn't fit	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	−0.0136%	1h	0.000003509	+0.631%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003509	+0.641%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003509	+0.634%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.108%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003511	+0.686%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0089%	4h	0.000003509	+0.631%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003530	+1.233%	$249K	$704K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003511	+0.703%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003514	+0.774%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003513	+0.746%	$119K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003512	+0.708%	$17.8M	$70.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003510	+0.654%	$11.6M	$21.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003516	+0.832%	$2.7M	$11.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003508	+0.602%	$918K	$3.0M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003510	+0.660%	$9.9M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003510	+0.648%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003511	+0.688%	$4.5M	$3.8M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003509	+0.631%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003490	+0.083%	$324K	$141K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003487	long leg	$59K	$706K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003515	+0.803%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003501	+0.401%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003511	+0.688%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003509	+0.618%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003501	+0.401%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003509	+0.631%	$1.0M	$17.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−13.966%	$388	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0321%	1h	0.000003505	+0.516%	$9K	$134K	10x
Hyperliquid kBONK	+0.1622%	1h	0.000003524	+1.061%	$11.9M	$6.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1729%	1h	0.000003512	+0.717%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2653%	1h	0.000003504	+0.496%	$215K	$218K	50x	as long as short