BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1414%/8h= −154.8% APRnext payment −$1.77 per $10,000 · paid last 24h −0.034%

Price spread now: Nado against Backpack−0.501%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Nado

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Nado is 0.501% cheaper against Backpack than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kBONK_USDC_PERP	0.000003594	0.1514	pay 0.0189% / 1h	12m 41s	$49K	$16K	10x
Short	Nado kBONK-PERP	0.000003576	0.0100	get 0.0012% / 1h	12m 41s	$43K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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 BackpackbpFee NadobpOrdersPrice spread, now −0.501%Rate

Funding earned: −$296.84
Price spread: −0.501% → 0.000%: −$50.08
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$363.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Nado: live order book, 11 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 Nado live order book, 11 min ago	2.85 bp	12.0 bp −$12	doesn't fit	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	−0.0312%	1h	0.000003581	−0.362%	$45K	$42K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003590	−0.101%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003581	−0.348%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.904%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003581	−0.362%	$31K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003578	−0.447%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0088%	4h	0.000003580	−0.390%	$1.0M	$17.1M	75x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003576	−0.501%	$43K	$110K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003597	+0.073%	$83K	$259K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003595	+0.028%	$123K	$110K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003596	+0.055%	$18.1M	$65.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003593	−0.025%	$11.7M	$20.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003593	−0.028%	$2.7M	$10.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003591	−0.083%	$906K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003594	0.000%	$10.1M	$7.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003590	−0.100%	$3.1M	$10.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003596	+0.056%	$4.6M	$3.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003596	+0.056%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003540	−1.492%	$328K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003531	−1.753%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003593	−0.028%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003588	−0.167%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003590	−0.111%	$102K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003594	+0.013%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003580	−0.390%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003597	+0.083%	$250K	$695K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.528%	$395	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0587%	1h	0.000003587	−0.195%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0946%	1h	0.000003600	+0.167%	$11.9M	$5.8M	10x	as long as short
Backpack kBONK_USDC_PERPlong	+0.1514%	1h	0.000003594	long leg	$49K	$16K	10x
Kraken Futures PF_BONKUSD	+0.2336%	1h	0.000003595	+0.025%	$229K	$176K	50x	as long as short