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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRnext payment $0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Reya against ApeX Omni−2.073%63s7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 2.073% cheaper against ApeX Omni than usual: you would sell low and buy high (−$207 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni 1000BONKUSDT0.0000035730.0100pay 0.0013% / 1h56m 23s$60K$706K25x
ShortReya kBONKRUSDPERP0.0000034990.0083get 0.0010% / 1h56m 23s$415x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
−$3.6
Price spread: −2.073% → 0.000%
−$207.35
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
−$226.95
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 47 min ago; Reya: no order-book sample. 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 ApeX Omni live order book, 47 min ago8.20 bp16.3 bp −$16113.0 bp −$1,130doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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−0.0040%1h0.000003496−2.155%$43K$63K50xas long as short
dYdX BONK-USD0.0000%1h0.000003501−2.005%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003491−2.281%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−8.368%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0036%1h0.000003494−2.211%$34K$176K10xas long as short
BloFin 1000BONK-USDT+0.0078%4h0.000003531−1.175%$1.1M$19.5M75xas long as short
Reya kBONKRUSDPERPshort+0.0083%1h0.000003499−2.073%$415x
Nado kBONK-PERP+0.0100%1h0.000003504−1.917%$62K$130K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003504−1.931%$65K$318K10xas long as short
Pacifica kBONK+0.0100%1h0.000003513−1.679%$117K$141K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003496−2.155%$18.0M$83.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003498−2.088%$12.0M$25.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003494−2.211%$2.9M$14.0M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003495−2.183%$959K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003500−2.043%$11.5M$9.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003505−1.900%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003490−2.323%$4.5M$5.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003493−2.239%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003566−0.199%$336K$156Kas long as short
ApeX Omni 1000BONKUSDTlong+0.0100%1h0.000003573long leg$60K$706K25x
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003491−2.295%$30K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003502−1.987%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003494−2.211%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003524−1.371%$100K$133K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003496−2.169%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003490−2.323%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−16.037%$538100xas long as short
Lighter 1000BONK+0.0736%1h0.000003528−1.259%$248K$751K10xas long as short
Hyperliquid kBONK+0.0994%1h0.000003509−1.791%$12.0M$8.1M10xas long as short
Backpack kBONK_USDC_PERP+0.1022%1h0.000003531−1.175%$54K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.4545%1h0.000003507−1.860%$216K$224K50xas long as short