BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.125%

Price spread now: Reya against Deribit+0.233%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.233% dearer against Deribit than usual: you sell high and buy low: +$23 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	0.000003410	0	get 0.0000% / 1h	6m 45s	$2K	$110K	10x
Short	Reya kBONKRUSDPERP	0.000003418	0.0083	get 0.0010% / 1h	6m 45s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.233%Rate

Funding earned: $17.4
Price spread: +0.233% → 0.000%: $23.32
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $27.72
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Deribit: live order book, 32 min ago; 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 Deribit live order book, 32 min ago	10.31 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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-INTX	−0.0376%	1h	0.000003371	−1.144%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003416	+0.176%	$1.0M	$14.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0035%	4h	0.000003414	+0.117%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003417	+0.215%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	0.0000%	1h	0.000003410	long leg	$2K	$110K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003415	+0.152%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.988%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003418	+0.233%	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003422	+0.352%	$19K	$99K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003414	+0.106%	$66K	$253K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003414	+0.117%	$113K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003416	+0.176%	$15.9M	$53.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.173%	$10.7M	$17.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003409	−0.029%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003417	+0.205%	$733K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003408	−0.059%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003418	+0.235%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003416	+0.176%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003420	+0.293%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003404	−0.178%	$312K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003424	+0.411%	$58K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003417	+0.205%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003410	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003421	+0.323%	$94K	$154K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003418	+0.224%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003417	+0.205%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.023%	$570	—	100x	as long as short
Lighter 1000BONK	+0.0376%	1h	0.000003424	+0.411%	$355K	$475K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0394%	1h	0.000003417	+0.205%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0597%	1h	0.000003424	+0.411%	$9.8M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003417	+0.206%	$213K	$165K	50x	as long as short