Funding you earn now, next payment 23:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.145%
Price spread now: Backpack against Deribit+0.029%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—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.029% dearer against Deribit than usual: you sell high and buy low: +$3 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 | Deribit 1000BONK_USDC-PERPETUAL | 0.000003394 | −0.0045 | get 0.0006% / 1h | 39m 32s | $2K | $110K | 10x |
| Short | Backpack kBONK_USDC_PERP | 0.000003395 | 0.0100 | get 0.0013% / 1h | 39m 32s | $30K | $7K | 10x |
Deribit 1000BONK_USDC-PERPETUAL
Backpack kBONK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $30.36
- Price spread: +0.029% → 0.000%
- $2.95
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $16.3
- Costs to cover
- 0.170%
- Break-even
- 3.2 days
Slippage unknown: Deribit: live order book, 9 min ago; Backpack: 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 Deribit live order book, 9 min ago | 7.46 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
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 | −0.0248% | 1h | 0.000003327 | −1.974% | $42K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003386 | −0.236% | $1.0M | $13.3M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0071% | 4h | 0.000003396 | +0.059% | $29K | $41K | 20x | as long as short |
| Deribit 1000BONK_USDC-PERPETUALlong | −0.0045% | 1h | 0.000003394 | long leg | $2K | $110K | 10x | |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003387 | −0.221% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003389 | −0.133% | $12K | $3K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.536% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003384 | −0.291% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003390 | −0.118% | $197K | $294K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003383 | −0.339% | $19K | $106K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003391 | −0.097% | $65K | $251K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003390 | −0.118% | $115K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003388 | −0.178% | $15.3M | $51.4M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003387 | −0.215% | $10.3M | $16.6M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003384 | −0.295% | $2.5M | $7.7M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003390 | −0.118% | $753K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003386 | −0.236% | $10.1M | $6.5M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003388 | −0.168% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003385 | −0.265% | $4.2M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003388 | −0.177% | — | $8.0M | — | as long as short |
| Backpack kBONK_USDC_PERPshort | +0.0100% | 1h | 0.000003395 | +0.029% | $30K | $7K | 10x | |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003380 | −0.409% | $303K | $102K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003379 | −0.442% | $57K | $698K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003395 | +0.029% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003393 | −0.029% | $2K | $6K | 10x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003386 | −0.238% | $22K | $2K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003394 | 0.000% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −11.609% | $566 | — | 100x | as long as short |
| HTX BONK-USDT | +0.0208% | 4h | 0.000003391 | −0.088% | $92K | $150K | 30x | as long as short |
| Hyperliquid kBONK | +0.0936% | 1h | 0.000003392 | −0.059% | $10.2M | $7.3M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.0953% | 1h | 0.000003400 | +0.164% | $207K | $149K | 50x | as long as short |
Aster 1000BONKUSDT
Pacifica kBONK
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
SunX BONK-USDT
SoDEX 1000BONK-USD
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
HTX BONK-USDT
Hyperliquid kBONK
Kraken Futures PF_BONKUSD