BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.091%

Price spread now: Nado against Deribit−0.029%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.288%+$29 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.029%, 7d avg −0.002%

Together, before fees+0.409%+ Points / potential airdropNado: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.288% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003435	0	get 0.0000% / 1h	22m 43s	$2K	$110K	10x
Short	Nado kBONK-PERP	0.000003434	0.0100	get 0.0012% / 1h	22m 43s	$27K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now −0.029%Rate

Funding earned: $21
Price spread: −0.029% → −0.002%: −$2.71
Slippage, 4 orders: −$49.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.98
Costs to cover: 0.633%
Break-even: 22.0 days

Slippage from Deribit: live order book, 11 min ago; Nado: live order book, 36 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 Deribit live order book, 11 min ago	8.77 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 36 min ago	4.42 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003437	+0.058%	$44K	$27K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0005%	4h	0.000003435	0.000%	$29K	$58K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003441	+0.186%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	0.0000%	1h	0.000003435	long leg	$2K	$110K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003434	−0.026%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.687%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003432	−0.089%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003443	+0.233%	$232K	$671K	10x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003434	−0.029%	$27K	$114K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003442	+0.193%	$66K	$253K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003442	+0.204%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003440	+0.143%	$16.2M	$56.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003438	+0.087%	$10.9M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003439	+0.116%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003439	+0.116%	$761K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003440	+0.146%	$9.5M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003440	+0.146%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003438	+0.087%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003440	+0.146%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003458	+0.668%	$315K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003448	+0.378%	$58K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003447	+0.349%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003435	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003460	+0.728%	$98K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003439	+0.119%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003437	+0.058%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.664%	$574	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0371%	1h	0.000003439	+0.116%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0993%	1h	0.000003448	+0.378%	$10.2M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2044%	1h	0.000003446	+0.318%	$215K	$165K	50x	as long as short