Funding you earn now, next payment 04:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h +0.080%
Price spread now: Injective against Deribit−5.403%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 5.403% cheaper against Deribit than usual: you would sell low and buy high (−$540 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000BONK_USDC-PERPETUAL | 0.000003461 | 0.0328 | pay 0.0041% / 1h | 59m 28s | $6K | $123K | 10x |
| Short | Injective BONK/USDC PERP | 0.000003274 | 0.0033 | get 0.0004% / 1h | 59m 28s | $3K | $113 | 5.5x |
Deribit 1000BONK_USDC-PERPETUAL
Injective BONK/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$61.92
- Price spread: −5.403% → 0.000%
- −$540.31
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$609.25
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 24 min ago; Injective: 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, 24 min ago | 7.33 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.000003462 | +0.029% | $43K | $36K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003456 | −0.134% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003460 | −0.040% | $24 | — | 150x | as long as short |
| Injective BONK/USDC PERPshort | +0.0033% | 1h | 0.000003274 | −5.403% | $3K | $113 | 5.5x | |
| Orderly PERP_1000BONK_USDC | +0.0078% | 4h | 0.000003459 | −0.058% | $30K | $55K | 20x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003461 | −0.002% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003462 | +0.029% | $226K | $671K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003459 | −0.047% | $80K | $251K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003461 | 0.000% | $115K | $108K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003462 | +0.029% | $16.7M | $60.4M | 75x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Orderly PERP_1000BONK_USDC
Reya kBONKRUSDPERP
Lighter 1000BONK
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 | 0.000003461 | −0.012% | $11.3M | $19.1M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003463 | +0.058% | $2.5M | $9.3M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003461 | 0.000% | $838K | $2.7M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003467 | +0.173% | $9.1M | $7.2M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003465 | +0.104% | $2.7M | $9.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003463 | +0.058% | $4.4M | $3.2M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003462 | +0.029% | — | $4.8M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003464 | +0.084% | $316K | $133K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003454 | −0.202% | $58K | $704K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003461 | +0.014% | $34K | $102K | 10x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003460 | −0.029% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003460 | −0.029% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003466 | +0.144% | $98K | $120K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003464 | +0.074% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003460 | −0.029% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0136% | 4h | 0.000003464 | +0.087% | $974K | $15.8M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −13.320% | $577 | — | 100x | as long as short |
| Deribit 1000BONK_USDC-PERPETUALlong | +0.0328% | 1h | 0.000003461 | long leg | $6K | $123K | 10x | |
| Backpack kBONK_USDC_PERP | +0.0364% | 1h | 0.000003458 | −0.087% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0425% | 1h | 0.000003467 | +0.173% | $10.2M | $4.9M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2429% | 1h | 0.000003469 | +0.243% | $224K | $177K | 50x | as long as short |
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
BloFin 1000BONK-USDT
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD