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: Gate against ApeX Omni−0.686%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.686%, 7d avg −0.035%

Together, before fees+0.171%+$17 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: Gate is 0.651% cheaper against ApeX Omni than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003498	0.0100	pay 0.0013% / 1h	33m 04s	$59K	$700K	25x
Short	Gate BONK_USDT	0.000003474	0.0100	get 0.0050% / 4h	3h 33m	$921K	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.686%Rate

Funding earned: $0
Price spread: −0.686% → −0.035%: −$65.14
Slippage, 4 orders: −$46.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$136.43
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Gate: 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, 66 min ago	7.02 bp	14.4 bp −$14	98.7 bp −$987	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.86 bp	21.6 bp −$22	87.5 bp −$875	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	0.000003465	−0.943%	$42K	$66K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003475	−0.655%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.404%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0047%	4h	0.000003479	−0.543%	$1.1M	$19.9M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003484	−0.402%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003472	−0.729%	$69K	$136K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003480	−0.515%	$48K	$322K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003478	−0.572%	$115K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003480	−0.516%	$17.9M	$89.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003476	−0.629%	$12.3M	$27.0M	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-SWAP	+0.0100%	8h	0.000003475	−0.658%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003474	−0.686%	$921K	$3.5M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003481	−0.486%	$11.3M	$10.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003472	−0.752%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003477	−0.600%	$4.5M	$5.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003478	−0.572%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	−0.145%	$328K	$94K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003498	long leg	$59K	$700K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003470	−0.800%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003481	−0.486%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003477	−0.600%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003481	−0.486%	$99K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003474	−0.698%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003468	−0.858%	$4K	—	3x	as long as short
dYdX BONK-USD	+0.0165%	1h	0.000003475	−0.645%	$14K	$5K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.237%	$530	—	100x	as long as short
Lighter 1000BONK	+0.0272%	1h	0.000003480	−0.515%	$244K	$759K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0326%	1h	0.000003475	−0.658%	$34K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0588%	1h	0.000003481	−0.486%	$11.9M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1779%	1h	0.000003482	−0.457%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2984%	1h	0.000003479	−0.541%	$177K	$271K	50x	as long as short