BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.033%

Price spread now: Backpack against dYdX−0.206%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Backpack is 0.206% cheaper against dYdX than usual: you would sell low and buy high (spread −0.206% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 6.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BONK-USD	0.000003392	0	get 0.0000% / 1h	48m 19s	$12K	$3K	10x
Short	Backpack kBONK_USDC_PERP	0.000003385	0.0100	get 0.0013% / 1h	48m 19s	$30K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.206%Rate

Funding earned: $21
Price spread: −0.206% → 0.000%: −$20.64
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$19.64
Costs to cover: 0.200%
Break-even: 13.5 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

dYdX and 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	−0.0320%	1h	0.000003381	−0.324%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003380	−0.354%	$1.0M	$13.2M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0045%	1h	0.000003384	−0.236%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0034%	4h	0.000003395	+0.088%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003391	−0.018%	$1K	—	150x	as long as short
dYdX BONK-USDlong	0.0000%	1h	0.000003392	long leg	$12K	$3K	10x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.479%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003389	−0.086%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003388	−0.118%	$202K	$282K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003397	+0.160%	$67K	$252K	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	0.000003390	−0.059%	$117K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003394	+0.056%	$15.3M	$49.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003395	+0.103%	$10.3M	$16.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003390	−0.059%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003389	−0.088%	$747K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003394	+0.059%	$9.9M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003393	+0.024%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003391	−0.029%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003391	−0.029%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERPshort	+0.0100%	1h	0.000003385	−0.206%	$30K	$7K	10x
Variational Omni 1000BONK	+0.0100%	4h	0.000003379	−0.397%	$304K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003380	−0.354%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003387	−0.133%	$20K	$104K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003388	−0.118%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003384	−0.236%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003397	+0.147%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003389	−0.082%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003392	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.557%	$567	—	100x	as long as short
Hyperliquid kBONK	+0.0740%	1h	0.000003397	+0.147%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1134%	1h	0.000003389	−0.088%	$206K	$184K	50x	as long as short