Funding you earn now, next payment 02:00 UTC−0.0922%/8h= −101.0% APRpaid last 24h −0.083%
Price spread now: Variational Omni against Hyperliquid−0.032%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.249%−$25 on $10k
+Price spread, last 4 days (all we have)+0.940%+$94 · spread now −0.032%, 7d avg −0.173%
=Together, before fees+0.691%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.141% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.173%): +$14 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 3 days (−0.249% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.249% in total (about -26.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kBONK | 0.000003433 | 0.1022 | pay 0.0128% / 1h | 10m 19s | $10.2M | $7.6M | 10x |
| Short | Variational Omni 1000BONK | 0.000003432 | 0.0100 | get 0.0050% / 4h | 2h 10m | $312K | $134K | — |
Hyperliquid kBONK
Variational Omni 1000BONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$193.67
- Price spread: −0.032% → −0.173%
- $14.05
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$188.61
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 2 min ago; Variational Omni: RFQ quote, 59 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 Hyperliquid live order book, 2 min ago | 2.90 bp | 12.1 bp −$12 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 59 min ago | 5.85 bp | doesn't fit | 58.5 bp −$585 | doesn't fit | doesn't fit |
BONK on 30 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 | −0.0336% | 1h | 0.000003426 | −0.204% | $44K | $27K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003429 | −0.105% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003424 | −0.262% | $2K | $110K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003425 | −0.242% | $24 | — | 150x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0011% | 4h | 0.000003427 | −0.175% | $29K | $58K | 20x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −4.632% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003424 | −0.265% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003434 | +0.029% | $231K | $671K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003426 | −0.204% | $27K | $115K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003435 | +0.055% | $66K | $254K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
gTrade (Gains Network) BONK/USD
Orderly PERP_1000BONK_USDC
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERP
Aster 1000BONKUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003431 | −0.058% | $114K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003427 | −0.170% | $16.1M | $57.5M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003430 | −0.096% | $10.9M | $18.0M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003425 | −0.233% | $2.5M | $8.4M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003429 | −0.117% | $837K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003429 | −0.117% | $9.6M | $6.9M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003429 | −0.119% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003423 | −0.291% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003428 | −0.146% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONKshort | +0.0100% | 4h | 0.000003432 | −0.032% | $312K | $134K | — | |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003430 | −0.087% | $58K | $709K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003433 | 0.000% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003426 | −0.204% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003441 | +0.233% | $97K | $150K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003424 | −0.272% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003426 | −0.204% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −12.613% | $572 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0374% | 1h | 0.000003437 | +0.117% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONKlong | +0.1022% | 1h | 0.000003433 | long leg | $10.2M | $7.6M | 10x | |
| Kraken Futures PF_BONKUSD | +0.2053% | 1h | 0.000003431 | −0.052% | $222K | $173K | 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-USDC
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Kraken Futures PF_BONKUSD