BONK

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After costs, if the gap returns to its 7d average, $10k−$86

spread now+0.388%7d average+0.103%fees + slippage, in and out−$115spread needed1.148%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003260	−0.0222	get 0.0028% / 1h	37m 08s	$55K	$688K	25x
Short	Kraken Futures PF_BONKUSD	0.000003273	0.0044	get 0.0006% / 1h	37m 08s	$164K	$138K	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee ApeX OmnibpFee Kraken FuturesbpOrdersClose when spread is

Slippage from ApeX Omni: live order book, 18 min ago; Kraken Futures: live order book, 17 min ago.

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, 18 min ago	9.24 bp	16.3 bp −$16	92.9 bp −$929	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 min ago	29.42 bp	37.0 bp −$37	103.3 bp −$1,033	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX BONK/USD [ETH-USDC]	−7.975%	L +0.0192% / S −0.1951%	1h	$258	—	100x	as long as short
Coinbase International 1000BONK-PERP-INTX	−1.288%	−0.0576%	1h	$43K	$17K	50x	as long as short
Injective BONK/USDC PERP	−0.798%	+0.0033%	1h	$3K	$45K	5.5x	as long as short
Variational Omni 1000BONK	−0.132%	+0.0100%	4h	$291K	$154K	—	as long as short
ApeX Omni 1000BONKUSDTlong	0.000%	−0.0222%	1h	$55K	$688K	25x
dYdX BONK-USD	+0.006%	0.0000%	1h	$12K	$4K	10x	as long as short
Nado kBONK-PERP	+0.046%	−0.0023%	1h	$28K	$88K	10x	as long as short
Pacifica kBONK	+0.061%	+0.0100%	1h	$114K	$96K	10x	as long as short
Reya kBONKRUSDPERP	+0.129%	+0.0083%	1h	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.217%	+0.0100%	4h	$52K	$228K	10x	as long as short

Show all 31 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget 1000BONKUSDT	+0.245%	+0.0018%	4h	$4.1M	$2.5M	75x	as long as short
Aevo 1000BONK-PERP	+0.245%	+0.0104%	1h	$4K	—	3x	as long as short
Extended 1000BONK-USD	+0.254%	+0.0096%	1h	$21K	$624K	25x	as long as short
gTrade (Gains Network) BONK/USD	+0.273%	L 0.0000% / S +0.0001%	1h	$1K	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.276%	−0.0240%	4h	$28K	$26K	20x	as long as short
BloFin 1000BONK-USDT	+0.276%	−0.0142%	4h	$951K	$11.6M	75x	as long as short
MEXC 1000BONK_USDT	+0.307%	+0.0094%	4h	$9.2M	$4.4M	125x	as long as short
SoDEX 1000BONK-USD	+0.307%	+0.0100%	1h	$2K	$6K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.307%	−0.0056%	1h	$20K	$61K	10x	as long as short
HTX BONK-USDT	+0.307%	+0.0100%	4h	$74K	$78K	30x	as long as short
BingX 1000BONK-USDT	+0.337%	+0.0100%	4h	—	$7.2M	—	as long as short
Gate BONK_USDT	+0.368%	+0.0086%	4h	$696K	$1.6M	50x	as long as short
KuCoin 1000BONKUSDTM	+0.368%	+0.0100%	4h	$2.9M	$7.9M	75x	as long as short
Kraken Futures PF_BONKUSDshort	+0.388%	+0.0044%	1h	$164K	$138K	50x
OKX BONK-USDT-SWAP	+0.399%	+0.0100%	8h	$2.4M	$5.0M	20x	as long as short
Lighter 1000BONK	+0.429%	+0.0096%	1h	$179K	$201K	10x	as long as short
SunX BONK-USDT	+0.429%	+0.0100%	4h	$2K	$10K	20x	as long as short
Binance 1000BONKUSDT	+0.464%	+0.0098%	4h	$13.9M	$36.6M	75x	as long as short
Backpack kBONK_USDC_PERP	+0.491%	+0.0100%	1h	$28K	$6K	10x	as long as short
Bybit 1000BONKUSDT	+0.494%	+0.0100%	4h	$9.8M	$11.9M	50x	as long as short
Hyperliquid kBONK	+0.521%	+0.0100%	1h	$8.8M	$5.5M	10x	as long as short