BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3032%/8h= +332.0% APRnext payment +$3.79 per $10,000 · paid last 24h +0.361%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.429%68s7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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 +$91 a day on $10k at the current rate, and Kraken Futures is 0.429% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$43 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BONK/USD	0.000003409	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	27m 02s	$24	—	150x
Short	Kraken Futures PF_BONKUSD	0.000003424	0.3032	get 0.0379% / 1h	27m 02s	$174K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.429%Rate

Funding earned: $636.63
Price spread: +0.429% → 0.000%: $42.94
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $659.57
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 6 min ago. 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 Kraken Futures live order book, 6 min ago	34.61 bp	40.9 bp −$41	85.0 bp −$850	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0024%	1h	0.000003404	−0.153%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003409	long leg	$24	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.966%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003422	+0.375%	$1.1M	$19.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003421	+0.345%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003420	+0.331%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003420	+0.306%	$47K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003421	+0.346%	$114K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003417	+0.219%	$17.7M	$90.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003413	+0.120%	$12.2M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003419	+0.287%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003418	+0.258%	$907K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003419	+0.287%	$11.0M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003421	+0.340%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003417	+0.229%	$4.4M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003418	+0.258%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.696%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	+0.669%	$58K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003418	+0.258%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003424	+0.434%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003419	+0.287%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003429	+0.581%	$98K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003417	+0.229%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003417	+0.229%	$4K	—	3x	as long as short
dYdX BONK-USD	+0.0188%	1h	0.000003420	+0.317%	$13K	$11K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.003%	$522	—	100x	as long as short
Lighter 1000BONK	+0.0248%	1h	0.000003421	+0.346%	$243K	$765K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0335%	1h	0.000003421	+0.346%	$23K	$174K	10x	as long as short
Hyperliquid kBONK	+0.0568%	1h	0.000003422	+0.375%	$11.7M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1673%	1h	0.000003424	+0.434%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.3032%	1h	0.000003424	+0.429%	$174K	$273K	50x