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+0.0833%/8h= +91.2% APRnext payment +$1.04 per $10,000 · paid last 24h +0.017%
Price spread now: ApeX Omni against Injective+11.148%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and ApeX Omni is 11.148% dearer against Injective than usual: you sell high and buy low: +$1,115 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BONK/USDC PERP0.0000032740.0033pay 0.0004% / 1h54m 36s$3K$1135.5x
ShortApeX Omni 1000BONKUSDT0.0000036390.0866get 0.0108% / 1h54m 36s$61K$706K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$174.88
Price spread: +11.148% → 0.000%
$1,114.84
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$1,279.7
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 54 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 Injective no order-book sample
Sell ApeX Omni live order book, 54 min ago11.33 bp20.0 bp −$20105.9 bp −$1,059doesn't fitdoesn't fit
Injective: 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%1h0.000003606+10.141%$44K$52K50xas long as short
dYdX BONK-USD0.0000%1h0.000003620+10.580%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003624+10.699%$25150xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003622+10.642%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003625+10.736%$51K$119K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003628+10.798%$61K$301K10xas long as short
Pacifica kBONK+0.0100%1h0.000003624+10.690%$121K$133K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003629+10.843%$18.6M$76.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003626+10.751%$12.3M$23.6M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003622+10.629%$3.0M$13.0M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003624+10.690%$1.0M$3.2M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003628+10.812%$11.0M$8.5M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003620+10.571%$2.9M$10.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003621+10.599%$4.6M$4.3M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003626+10.751%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003608+10.198%$335K$142Kas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003622+10.629%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003633+10.965%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003630+10.874%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003633+10.965%$103K$131K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003626+10.737%$24K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003621+10.599%$4K3xas long as short
BloFin 1000BONK-USDT+0.0157%4h0.000003632+10.935%$1.1M$18.9M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−8.369%$399100xas long as short
Lighter 1000BONK+0.0576%1h0.000003626+10.751%$253K$738K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0853%1h0.000003629+10.843%$20K$155K10xas long as short
ApeX Omni 1000BONKUSDTshort+0.0866%1h0.000003639+11.148%$61K$706K25x
Hyperliquid kBONK+0.1334%1h0.000003627+10.782%$12.0M$7.3M10xas long as short
Backpack kBONK_USDC_PERP+0.2124%1h0.000003635+11.026%$58K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2963%1h0.000003644+11.287%$224K$219K50xas long as short