Settings8H · net · $10k
Funding arb · Price arb /

BONK

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.028%
Price spread now: Pacifica against Injective+6.964%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 6.964% dearer against Injective than usual: you sell high and buy low: +$696 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BONK/USDC PERP0.0000032740.0033pay 0.0004% / 1h32m 13s$3K$1135.5x
ShortPacifica kBONK0.0000035020.0100get 0.0013% / 1h32m 13s$117K$105K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. 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

Funding earned
$14
Price spread: +6.964% → 0.000%
$696.4
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$702.38
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Pacifica live order book, 20 min ago5.72 bp21.7 bp −$22doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0312%1h0.000003506+7.086%$44K$39K50xas long as short
dYdX BONK-USD0.0000%1h0.000003499+6.884%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003515+7.361%$24150xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
Orderly PERP_1000BONK_USDC+0.0083%4h0.000003513+7.300%$30K$54K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003514+7.327%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003511+7.239%$37K$103K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003513+7.298%$81K$250K10xas long as short
Pacifica kBONKshort+0.0100%1h0.000003502+6.964%$117K$105K10x
Binance 1000BONKUSDT+0.0100%4h0.000003517+7.408%$17.2M$62.3M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003513+7.297%$11.4M$19.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003516+7.392%$2.6M$9.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003512+7.269%$870K$2.8M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003516+7.392%$9.8M$7.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003515+7.373%$3.0M$10.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003514+7.330%$4.5M$3.2M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003514+7.330%$4.6Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003502+6.961%$325K$139Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003512+7.269%$59K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003523+7.605%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003518+7.453%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003513+7.300%$99K$121K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003516+7.406%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003514+7.330%$4K3xas long as short
BloFin 1000BONK-USDT+0.0136%4h0.000003495+6.750%$993K$16.3M75xas long as short
Lighter 1000BONK+0.0168%1h0.000003521+7.544%$247K$691K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−8.369%$588100xas long as short
Hyperliquid kBONK+0.0836%1h0.000003520+7.514%$10.4M$5.0M10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0888%1h0.000003518+7.453%$6K$123K10xas long as short
Backpack kBONK_USDC_PERP+0.1329%1h0.000003505+7.056%$46K$15K10xas long as short
Kraken Futures PF_BONKUSD+0.2384%1h0.000003522+7.566%$224K$178K50xas long as short