Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h +0.012%

Price spread now: SunX against ApeX Omni−0.410%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SunX is 0.410% cheaper against ApeX Omni than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 1000BONKUSDT	0.000003661	0.0269	pay 0.0034% / 1h	5m 01s	$62K	$704K	25x
Short	SunX BONK-USDT	0.000003646	0.0100	get 0.0050% / 4h	2h 05m	$2K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.410%Rate

Funding earned: −$35.45
Price spread: −0.410% → 0.000%: −$40.97
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$94.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 44 min ago; SunX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 44 min ago	11.33 bp	19.2 bp −$19	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell SunX no order-book sample	—	—	—	—	—

SunX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0136%	1h	0.000003651	−0.273%	$45K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003647	−0.375%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003649	−0.328%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.571%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003649	−0.330%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003645	−0.437%	$51K	$119K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003638	−0.642%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003648	−0.355%	$124K	$129K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003632	−0.802%	$18.7M	$75.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003629	−0.888%	$12.2M	$23.4M	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	0.000003629	−0.874%	$2.9M	$12.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003636	−0.683%	$985K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003638	−0.628%	$11.2M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003640	−0.574%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003633	−0.765%	$4.6M	$4.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003628	−0.901%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003643	−0.495%	$337K	$142K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003645	−0.437%	$31K	$53K	20x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003646	−0.410%	$2K	$14K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003645	−0.437%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003672	+0.300%	$105K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003637	−0.657%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003641	−0.546%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0158%	4h	0.000003645	−0.437%	$1.1M	$18.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−18.055%	$402	—	100x	as long as short
Lighter 1000BONK	+0.0200%	1h	0.000003649	−0.328%	$255K	$739K	10x	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0269%	1h	0.000003661	long leg	$62K	$704K	25x
Deribit 1000BONK_USDC-PERPETUAL	+0.0848%	1h	0.000003648	−0.355%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1560%	1h	0.000003654	−0.191%	$12.2M	$7.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1655%	1h	0.000003651	−0.273%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2544%	1h	0.000003656	−0.147%	$225K	$219K	50x	as long as short