Funding you earn now, next payment 08:00 UTC+0.4321%/8h= +473.1% APRpaid last 24h +0.276%
Price spread now: Kraken Futures against Bitget+0.867%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
Funding, last 7 days+0.674%+$67 on $10k
+Price spread, last 4 days (all we have)−0.859%−$86 · spread now +0.867%, 7d avg +0.155%
=Both sides work for this trade now. Funding pays +$130 a day on $10k at the current rate, and Kraken Futures is 0.712% dearer against Bitget than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of +0.155%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.674% in total (about 35.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget 1000BONKUSDT | 0.000003574 | 0.0100 | pay 0.0050% / 4h | 41m 58s | $4.6M | $5.0M | 75x |
| Short | Kraken Futures PF_BONKUSD | 0.000003605 | 0.4421 | get 0.0553% / 1h | 41m 58s | $184K | $262K | 50x |
Bitget 1000BONKUSDT
Kraken Futures PF_BONKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $907.32
- Price spread: +0.867% → +0.155%
- $71.16
- Slippage, 4 orders
- −$90.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $865.87
- Costs to cover
- 1.126%
- Break-even
- 0.3 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 61 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 Bitget live order book, 1 min ago | 4.18 bp | 15.6 bp −$16 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 61 min ago | 23.37 bp | 34.3 bp −$34 | 79.1 bp −$791 | 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 | −0.0040% | 1h | 0.000003550 | −0.672% | $43K | $64K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003590 | +0.448% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003593 | +0.520% | $25 | — | 150x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0028% | 1h | 0.000003596 | +0.616% | $35K | $164K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −8.394% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003594 | +0.570% | $4 | — | 15x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003596 | +0.630% | $65K | $134K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003588 | +0.387% | $60K | $318K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003595 | +0.588% | $119K | $145K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003582 | +0.237% | $18.5M | $84.7M | 75x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Deribit 1000BONK_USDC-PERPETUAL
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Nado kBONK-PERP
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003578 | +0.104% | $12.5M | $25.9M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003577 | +0.084% | $3.0M | $14.6M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003595 | +0.588% | $1.0M | $3.5M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003578 | +0.112% | $11.7M | $9.6M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003578 | +0.112% | $3.0M | $11.0M | 75x | as long as short |
| Bitget 1000BONKUSDTlong | +0.0100% | 4h | 0.000003574 | long leg | $4.6M | $5.0M | 75x | |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003576 | +0.056% | — | $5.1M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003568 | −0.173% | $334K | $99K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003579 | +0.140% | $60K | $706K | 25x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0100% | 4h | 0.000003595 | +0.588% | $31K | $52K | 20x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003601 | +0.755% | $2K | $15K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003596 | +0.616% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003597 | +0.644% | $102K | $134K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003577 | +0.071% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003595 | +0.588% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0120% | 4h | 0.000003589 | +0.420% | $1.1M | $20.1M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.3950% | 1h | 0.000003000 | −16.060% | $549 | — | 100x | as long as short |
| Lighter 1000BONK | +0.0672% | 1h | 0.000003600 | +0.727% | $251K | $761K | 10x | as long as short |
| Hyperliquid kBONK | +0.1133% | 1h | 0.000003585 | +0.308% | $12.3M | $8.1M | 10x | as long as short |
| Backpack kBONK_USDC_PERP | +0.1708% | 1h | 0.000003592 | +0.504% | $55K | $23K | 10x | as long as short |
| Kraken Futures PF_BONKUSDshort | +0.4421% | 1h | 0.000003605 | +0.867% | $184K | $262K | 50x |
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Orderly PERP_1000BONK_USDC
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
BloFin 1000BONK-USDT
GMX BONK/USD [ETH-USDC]
Lighter 1000BONK
Hyperliquid kBONK
Backpack kBONK_USDC_PERP