Funding you earn now, next payment 04:00 UTC+0.0431%/8h= +47.2% APRnext payment +$0.54 per $10,000 · paid last 24h +0.094%
Price spread now: Hyperliquid against Backpack+0.059%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.059% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kBONK_USDC_PERP | 0.000003405 | 0.0302 | pay 0.0038% / 1h | 32m 29s | $30K | $7K | 10x |
| Short | Hyperliquid kBONK | 0.000003407 | 0.0733 | get 0.0092% / 1h | 32m 29s | $10.0M | $4.8M | 10x |
Backpack kBONK_USDC_PERP
Hyperliquid kBONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $90.61
- Price spread: +0.059% → 0.000%
- $5.87
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $77.48
- Costs to cover
- 0.190%
- Break-even
- 1.0 days
Slippage unknown: Backpack: no order-book sample; Hyperliquid: live order book, 10 min ago. 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 2.98 bp | 9.9 bp −$10 | 24.0 bp −$240 | doesn't fit | doesn't fit |
Backpack: 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 | −0.0320% | 1h | 0.000003363 | −1.233% | $43K | $33K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003392 | −0.371% | $12K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003396 | −0.273% | $23 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.847% | $3K | $113 | 5.5x | as long as short |
| BloFin 1000BONK-USDT | +0.0056% | 4h | 0.000003401 | −0.117% | $963K | $15.3M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0073% | 4h | 0.000003398 | −0.206% | $29K | $56K | 20x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003400 | −0.149% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003399 | −0.176% | $226K | $668K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003397 | −0.221% | $78K | $250K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003397 | −0.235% | $113K | $108K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
Reya kBONKRUSDPERP
Lighter 1000BONK
Aster 1000BONKUSDT
Pacifica kBONKShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003400 | −0.139% | $16.5M | $59.1M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003398 | −0.206% | $10.7M | $18.5M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003401 | −0.117% | $2.5M | $8.9M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003394 | −0.323% | $799K | $2.7M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003399 | −0.176% | $9.2M | $7.1M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003399 | −0.185% | $2.6M | $9.7M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003397 | −0.235% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003400 | −0.147% | — | $4.8M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003365 | −1.177% | $307K | $133K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003374 | −0.910% | $57K | $707K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003401 | −0.117% | $31K | $100K | 10x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003403 | −0.059% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003402 | −0.088% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003409 | +0.117% | $97K | $119K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003400 | −0.158% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003397 | −0.235% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −11.894% | $567 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERPlong | +0.0302% | 1h | 0.000003405 | long leg | $30K | $7K | 10x | |
| Hyperliquid kBONKshort | +0.0733% | 1h | 0.000003407 | +0.059% | $10.0M | $4.8M | 10x | |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0928% | 1h | 0.000003400 | −0.147% | $2K | $110K | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2475% | 1h | 0.000003406 | +0.021% | $220K | $177K | 50x | as long as short |
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Nado kBONK-PERP
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Deribit 1000BONK_USDC-PERPETUAL
Kraken Futures PF_BONKUSD