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−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h +0.239%
Price spread now: ApeX Omni against GMX+19.567%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. ApeX Omni is 19.567% dearer against GMX than usual: you sell high and buy low (spread +19.567% now, against zero (this spread has no 7-day history yet)): +$1,957 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BONK/USD [ETH-USDC]0.000003000L +0.0196% / S −0.3950%pay 0.0025% / 1h15m 13s$543100x
ShortApeX Omni 1000BONKUSDT0.0000035870.0100get 0.0013% / 1h15m 13s$60K$706K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
−$20.21
Price spread: +19.567% → 0.000%
$1,956.67
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$1,914.46
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 28 min ago. 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 GMX no order-book sample
Sell ApeX Omni live order book, 28 min ago8.20 bp15.2 bp −$1598.6 bp −$986doesn't fitdoesn't fit
GMX: 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−0.0016%1h0.000003561+18.700%$45K$62K50xas long as short
dYdX BONK-USD0.0000%1h0.000003555+18.510%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003551+18.350%$25150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274+9.133%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003553+18.430%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003553+18.450%$53K$123K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003568+18.933%$59K$303K10xas long as short
Pacifica kBONK+0.0100%1h0.000003561+18.700%$118K$139K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003567+18.887%$18.5M$80.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003564+18.800%$12.3M$24.9M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003568+18.933%$2.9M$13.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003552+18.400%$961K$3.4M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003567+18.900%$11.7M$9.2M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003563+18.767%$3.0M$10.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003561+18.700%$4.6M$4.8M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003565+18.833%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003567+18.896%$336K$147Kas long as short
ApeX Omni 1000BONKUSDTshort+0.0100%1h0.000003587+19.567%$60K$706K25x
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003565+18.833%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003571+19.033%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003566+18.867%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003590+19.667%$102K$131K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003564+18.816%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003562+18.733%$4K3xas long as short
Lighter 1000BONK+0.0136%1h0.000003568+18.933%$250K$748K10xas long as short
BloFin 1000BONK-USDT+0.0141%4h0.000003569+18.967%$1.1M$19.2M75xas long as short
GMX BONK/USD [ETH-USDC]longL +0.0196% / S −0.3950%1h0.000003000long leg$543100x
Deribit 1000BONK_USDC-PERPETUAL+0.0311%1h0.000003565+18.833%$35K$176K10xas long as short
Hyperliquid kBONK+0.1270%1h0.000003559+18.633%$12.2M$7.9M10xas long as short
Backpack kBONK_USDC_PERP+0.1697%1h0.000003576+19.200%$55K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.3017%1h0.000003579+19.293%$220K$223K50xas long as short