BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h +0.135%

Price spread now: Reya against Coinbase International−0.030%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Reya

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 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Reya is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003511	−0.0024	get 0.0003% / 1h	51m 45s	$42K	$68K	50x
Short	Reya kBONKRUSDPERP	0.000003510	0.0083	get 0.0010% / 1h	51m 45s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.030%Rate

Funding earned: $22.44
Price spread: −0.030% → 0.000%: −$3
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $3.45
Costs to cover: 0.160%
Break-even: 5.9 days

Slippage unknown: Coinbase International: no order-book sample; Reya: no order-book sample. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Coinbase International and Reya: 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-INTXlong	−0.0024%	1h	0.000003511	long leg	$42K	$68K	50x
dYdX BONK-USD	0.0000%	1h	0.000003509	−0.045%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003501	−0.282%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.750%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003509	−0.057%	$34K	$164K	10x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003510	−0.030%	$4	—	15x
BloFin 1000BONK-USDT	+0.0096%	4h	0.000003517	+0.171%	$1.1M	$20.3M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003513	+0.071%	$70K	$139K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003516	+0.134%	$58K	$334K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003514	+0.085%	$117K	$162K	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	0.000003513	+0.057%	$18.4M	$89.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003509	−0.066%	$12.4M	$27.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003510	−0.028%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003507	−0.114%	$922K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003509	−0.057%	$11.4M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003507	−0.125%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003508	−0.085%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003508	−0.085%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003526	+0.425%	$331K	$99K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003508	−0.085%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003514	+0.085%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003506	−0.142%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003520	+0.256%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003507	−0.125%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003506	−0.142%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.554%	$536	—	100x	as long as short
Lighter 1000BONK	+0.0288%	1h	0.000003511	0.000%	$246K	$756K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0345%	1h	0.000003506	−0.142%	$59K	$703K	25x	as long as short
Hyperliquid kBONK	+0.0723%	1h	0.000003512	+0.028%	$12.0M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2280%	1h	0.000003515	+0.114%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2958%	1h	0.000003510	−0.033%	$179K	$275K	50x	as long as short