Funding you earn now, next payment 01:00 UTC−0.0541%/8h= −59.3% APRnext payment −$0.68 per $10,000 · paid last 24h −0.107%
Price spread now: Injective against Hyperliquid−3.422%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 3.422% cheaper against Hyperliquid than usual: you would sell low and buy high (−$342 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 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 | Hyperliquid kBONK | 0.000003390 | 0.0574 | pay 0.0072% / 1h | 43m 40s | $10.0M | $7.5M | 10x |
| Short | Injective BONK/USDC PERP | 0.000003274 | 0.0033 | get 0.0004% / 1h | 43m 40s | $3K | $113 | 5.5x |
Hyperliquid kBONK
Injective BONK/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$113.64
- Price spread: −3.422% → 0.000%
- −$342.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$464.85
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: 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 Hyperliquid live order book, 9 min ago | 2.96 bp | 9.2 bp −$9 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.000003363 | −0.796% | $43K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003381 | −0.265% | $1.0M | $14.2M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0058% | 4h | 0.000003377 | −0.383% | $29K | $40K | 20x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003377 | −0.386% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003380 | −0.295% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003375 | −0.442% | $2K | $110K | 10x | as long as short |
| Injective BONK/USDC PERPshort | +0.0033% | 1h | 0.000003274 | −3.422% | $3K | $113 | 5.5x | |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003375 | −0.443% | $4 | — | 15x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003375 | −0.428% | $19K | $106K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003381 | −0.280% | $65K | $251K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
Reya kBONKRUSDPERP
Nado kBONK-PERP
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003384 | −0.177% | $114K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003381 | −0.252% | $15.5M | $53.2M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003381 | −0.254% | $10.5M | $17.0M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003384 | −0.177% | $2.5M | $7.9M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003375 | −0.442% | $724K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003382 | −0.236% | $9.9M | $6.7M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003381 | −0.260% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003379 | −0.324% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003382 | −0.236% | — | $8.0M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003375 | −0.443% | $303K | $119K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003370 | −0.590% | $57K | $705K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003380 | −0.295% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003375 | −0.442% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003388 | −0.059% | $93K | $152K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003381 | −0.257% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003376 | −0.413% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −11.504% | $565 | — | 100x | as long as short |
| Lighter 1000BONK | +0.0240% | 1h | 0.000003388 | −0.059% | $286K | $395K | 10x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0243% | 1h | 0.000003378 | −0.354% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONKlong | +0.0574% | 1h | 0.000003390 | long leg | $10.0M | $7.5M | 10x | |
| Kraken Futures PF_BONKUSD | +0.1474% | 1h | 0.000003380 | −0.282% | $207K | $156K | 50x | as long as short |
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Lighter 1000BONK
Backpack kBONK_USDC_PERP
Kraken Futures PF_BONKUSD