Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against BingX−0.876%113s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.870% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+1.793%+$179 · spread now −0.876%, 7d avg +0.020%

Together, before fees+1.702%+$170 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: ApeX Omni is 0.895% cheaper against BingX than usual: you would sell low and buy high, −$90 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003540	0.0100	pay 0.0050% / 4h	17m 39s	—	$6.5M	—
Short	ApeX Omni 1000BONKUSDT	0.000003509	0.0100	get 0.0013% / 1h	17m 39s	$59K	$706K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.876%Rate

Funding earned: $0
Price spread: −0.876% → +0.020%: −$89.54
Slippage, 4 orders: −$66.99
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$176.53
Costs to cover: 0.870%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; ApeX Omni: live order book, 21 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 BingX live order book, 8 min ago	4.28 bp	30.8 bp −$31	83.3 bp −$833	500.6 bp −$50.1K	735.9 bp −$367.9K
Sell ApeX Omni live order book, 21 min ago	7.02 bp	14.3 bp −$14	91.6 bp −$916	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	−0.0040%	1h	0.000003514	−0.734%	$43K	$65K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003535	−0.133%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003520	−0.559%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.514%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003522	−0.510%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003524	−0.438%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003536	−0.114%	$59K	$319K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	−0.085%	$119K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003541	+0.024%	$18.6M	$87.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003538	−0.056%	$12.4M	$26.6M	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	0.000003541	+0.028%	$3.0M	$15.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003535	−0.141%	$946K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003539	−0.028%	$11.2M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003537	−0.085%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003539	−0.028%	$4.6M	$5.3M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003540	long leg	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003531	−0.243%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003509	−0.876%	$59K	$706K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003521	−0.537%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003528	−0.339%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003526	−0.395%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003552	+0.339%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003539	−0.040%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003519	−0.593%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0152%	4h	0.000003535	−0.141%	$1.1M	$20.3M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.254%	$538	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0318%	1h	0.000003524	−0.452%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0448%	1h	0.000003534	−0.169%	$248K	$768K	10x	as long as short
Hyperliquid kBONK	+0.1000%	1h	0.000003537	−0.085%	$12.1M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1680%	1h	0.000003532	−0.226%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4513%	1h	0.000003531	−0.242%	$180K	$276K	50x	as long as short