BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0441%/8h= +48.3% APRnext payment +$0.55 per $10,000 · paid last 24h +0.149%

Price spread now: Pacifica against Deribit−0.089%7-day average +0.018% · 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−$72as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.540%+$54 on $10k

Price spread, last 3 days (all we have)+0.373%+$37 · spread now −0.089%, 7d avg +0.018%

Together, before fees+0.913%+ Points / potential airdropPacifica: Active · farm board+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.106% cheaper against Deribit than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.018%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003382	−0.0341	get 0.0043% / 1h	43m 52s	$2K	$110K	10x
Short	Pacifica kBONK	0.000003379	0.0100	get 0.0013% / 1h	43m 52s	$116K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.089%Rate

Funding earned: $92.61
Price spread: −0.089% → +0.018%: −$10.64
Slippage, 4 orders: −$46.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $20.18
Costs to cover: 0.618%
Break-even: 5.5 days

Slippage from Deribit: live order book, 10 min ago; Pacifica: live order book, 43 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, 10 min ago	8.87 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 43 min ago	4.42 bp	16.9 bp −$17	doesn't fit	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
Deribit 1000BONK_USDC-PERPETUALlong	−0.0341%	1h	0.000003382	long leg	$2K	$110K	10x
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003377	−0.148%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003383	+0.030%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0034%	4h	0.000003386	+0.118%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003382	−0.012%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003379	−0.089%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.193%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003381	−0.034%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003385	+0.089%	$203K	$283K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003377	−0.133%	$20K	$104K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003387	+0.135%	$67K	$252K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003379	−0.089%	$116K	$116K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003381	−0.018%	$15.3M	$49.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003382	−0.015%	$10.2M	$16.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003385	+0.089%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003379	−0.089%	$745K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003380	−0.059%	$9.8M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003383	+0.024%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003377	−0.148%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003382	0.000%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003384	+0.059%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003383	+0.030%	$304K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003384	+0.059%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003387	+0.148%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003382	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+0.237%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003385	+0.091%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003382	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.295%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0762%	1h	0.000003390	+0.237%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1133%	1h	0.000003390	+0.241%	$206K	$185K	50x	as long as short