BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0339%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.032%

Price spread now: Backpack against gTrade (Gains Network)+0.197%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

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—needs both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.197% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$20 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	gTrade (Gains Network) BONK/USD	0.000003402	L 0.0000% / S +0.0001%	get 0.0000% / 1h	15m 32s	$1K	—	150x
Short	Backpack kBONK_USDC_PERP	0.000003409	0.0338	get 0.0042% / 1h	15m 32s	$30K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.197%Rate

Funding earned: $71.09
Price spread: +0.197% → 0.000%: $19.69
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $70.78
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.0376%	1h	0.000003371	−0.920%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003390	−0.362%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0043%	4h	0.000003402	−0.009%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USDlong	L 0.0000% / S +0.0001%	1h	0.000003402	long leg	$1K	—	150x
dYdX BONK-USD	0.0000%	1h	0.000003410	+0.226%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.771%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003409	+0.211%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003410	+0.226%	$18K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003411	+0.256%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003411	+0.256%	$115K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003411	+0.256%	$15.5M	$53.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003405	+0.071%	$10.7M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003410	+0.226%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003410	+0.226%	$734K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003403	+0.021%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003410	+0.238%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003405	+0.079%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003410	+0.226%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003401	−0.039%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003389	−0.391%	$57K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	+0.344%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003408	+0.168%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003401	−0.038%	$94K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003409	+0.190%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	+0.050%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.824%	$568	—	100x	as long as short
Lighter 1000BONK	+0.0328%	1h	0.000003421	+0.550%	$354K	$472K	10x	as long as short
Backpack kBONK_USDC_PERPshort	+0.0338%	1h	0.000003409	+0.197%	$30K	$7K	10x
Hyperliquid kBONK	+0.0608%	1h	0.000003415	+0.373%	$9.7M	$7.4M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0632%	1h	0.000003406	+0.109%	$2K	$110K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1459%	1h	0.000003415	+0.365%	$213K	$165K	50x	as long as short