Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: ApeX Omni against HTX+0.414%7-day average −0.171% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$2002.000% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.603%−$60 · spread now +0.414%, 7d avg −0.171%

Together, before fees−0.717%−$72 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 0.585% dearer against HTX than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003378	0.0100	pay 0.0050% / 4h	3h 25m	$93K	$153K	30x
Short	ApeX Omni 1000BONKUSDT	0.000003392	0.0100	get 0.0013% / 1h	25m 18s	$57K	$707K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.414%Rate

Funding earned: $0
Price spread: +0.414% → −0.171%: $58.54
Slippage, 4 orders: −$178
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$141.46
Costs to cover: 2.000%
Break-even: never at this rate

Slippage from HTX: live order book, 46 min ago; ApeX Omni: live order book, 48 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 HTX live order book, 46 min ago	19.33 bp	140.7 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 48 min ago	8.96 bp	16.8 bp −$17	113.4 bp −$1,134	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	−0.0376%	1h	0.000003363	−0.444%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003377	−0.030%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0051%	4h	0.000003372	−0.178%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003373	−0.154%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003371	−0.194%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.079%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0047%	1h	0.000003373	−0.148%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003372	−0.163%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003373	−0.133%	$18K	$105K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003370	−0.231%	$65K	$262K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003370	−0.237%	$112K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.167%	$15.3M	$53.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.201%	$10.5M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003375	−0.089%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003371	−0.207%	$729K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003372	−0.178%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003370	−0.246%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003374	−0.118%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003372	−0.178%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003370	−0.238%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDTshort	+0.0100%	1h	0.000003392	+0.414%	$57K	$707K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003380	+0.059%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003375	−0.089%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003378	long leg	$93K	$153K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003374	−0.126%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003372	−0.178%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.190%	$563	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0270%	1h	0.000003373	−0.148%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0328%	1h	0.000003381	+0.089%	$320K	$441K	10x	as long as short
Hyperliquid kBONK	+0.0640%	1h	0.000003378	0.000%	$9.6M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1474%	1h	0.000003381	+0.082%	$211K	$165K	50x	as long as short