Funding you earn now, next payment 03:00 UTC−0.2003%/8h= −219.3% APRnext payment −$2.50 per $10,000 · paid last 24h −0.125%
Price spread now: Injective against Kraken Futures−4.070%63s7-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—needs both histories
Both sides work against this trade now: funding costs −$60 a day on $10k at the current rate, and Injective is 4.070% cheaper against Kraken Futures than usual: you would sell low and buy high (−$407 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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 | Kraken Futures PF_BONKUSD | 0.000003413 | 0.2036 | pay 0.0254% / 1h | 31m 55s | $220K | $174K | 50x |
| Short | Injective BONK/USDC PERP | 0.000003274 | 0.0033 | get 0.0004% / 1h | 31m 55s | $3K | $113 | 5.5x |
Kraken Futures PF_BONKUSD
Injective BONK/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$420.53
- Price spread: −4.070% → 0.000%
- −$407.01
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$837.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 31 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 Kraken Futures live order book, 31 min ago | 37.63 bp | 58.9 bp −$59 | 177.1 bp −$1,771 | 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 | −0.0336% | 1h | 0.000003380 | −0.964% | $45K | $31K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003401 | −0.349% | $951K | $15.1M | 75x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003398 | −0.427% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003403 | −0.290% | $2K | $110K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003401 | −0.349% | $23 | — | 150x | as long as short |
| Injective BONK/USDC PERPshort | +0.0033% | 1h | 0.000003274 | −4.070% | $3K | $113 | 5.5x | |
| Orderly PERP_1000BONK_USDC | +0.0051% | 4h | 0.000003404 | −0.261% | $29K | $58K | 20x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003400 | −0.381% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003405 | −0.232% | $225K | $670K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003402 | −0.305% | $27K | $97K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
gTrade (Gains Network) BONK/USD
Orderly PERP_1000BONK_USDC
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003406 | −0.208% | $79K | $250K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003400 | −0.378% | $114K | $108K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003407 | −0.175% | $16.1M | $56.9M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003405 | −0.226% | $10.8M | $17.9M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003407 | −0.173% | $2.5M | $8.5M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003401 | −0.349% | $845K | $2.7M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003407 | −0.173% | $9.6M | $7.1M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003406 | −0.197% | $2.6M | $9.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003402 | −0.320% | $4.3M | $3.0M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003405 | −0.232% | — | $4.7M | — | as long as short |
| Backpack kBONK_USDC_PERP | +0.0100% | 1h | 0.000003405 | −0.232% | $30K | $7K | 10x | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003409 | −0.119% | $310K | $133K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003413 | +0.003% | $57K | $707K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003404 | −0.261% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003402 | −0.320% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003428 | +0.442% | $97K | $119K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003406 | −0.216% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003402 | −0.320% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −12.098% | $569 | — | 100x | as long as short |
| Hyperliquid kBONK | +0.0761% | 1h | 0.000003412 | −0.027% | $10.1M | $4.7M | 10x | as long as short |
| Kraken Futures PF_BONKUSDlong | +0.2036% | 1h | 0.000003413 | long leg | $220K | $174K | 50x |
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Backpack kBONK_USDC_PERP
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]
Hyperliquid kBONK