BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1709%/8h= −187.2% APRnext payment −$2.14 per $10,000 · paid last 24h −0.340%

Price spread now: Nado against Kraken Futures−0.156%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.627%−$63 on $10k

Price spread, last 4 days (all we have)+0.800%+$80 · spread now −0.156%, 7d avg −0.140%

Together, before fees+0.173%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.140%, so right now this pair is about funding alone: −$51 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BONKUSD	0.000003505	0.1809	pay 0.0226% / 1h	55m 57s	$178K	$273K	50x
Short	Nado kBONK-PERP	0.000003499	0.0100	get 0.0012% / 1h	55m 57s	$65K	$142K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.156%Rate

Funding earned: −$358.99
Price spread: −0.156% → −0.140%: −$1.66
Slippage, 4 orders: −$100.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$478.58
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 37 min ago; Nado: live order book, 7 min ago.

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, 37 min ago	34.61 bp	46.6 bp −$47	166.2 bp −$1,662	doesn't fit	doesn't fit
Sell Nado live order book, 7 min ago	2.86 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	−0.0096%	1h	0.000003510	+0.143%	$47K	$94K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003513	+0.243%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.590%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0044%	4h	0.000003515	+0.286%	$1.1M	$20.1M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003498	−0.204%	$4	—	15x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003499	−0.156%	$65K	$142K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003495	−0.280%	$48K	$283K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003501	−0.114%	$116K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003492	−0.377%	$18.0M	$91.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003489	−0.456%	$12.4M	$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	0.000003488	−0.484%	$3.1M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003493	−0.342%	$924K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003491	−0.399%	$11.1M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003493	−0.336%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003494	−0.313%	$4.5M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003493	−0.342%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003497	−0.233%	$341K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003519	+0.400%	$59K	$696K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003498	−0.199%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003505	+0.001%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003500	−0.142%	$3K	$8K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003502	−0.085%	$100K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003493	−0.343%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003496	−0.256%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0128%	1h	0.000003502	−0.085%	$246K	$735K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.408%	$534	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003499	−0.171%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0546%	1h	0.000003502	−0.085%	$11.9M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1370%	1h	0.000003503	−0.056%	$54K	$24K	10x	as long as short
dYdX BONK-USD	+0.1650%	1h	0.000003499	−0.162%	$13K	$10K	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.1809%	1h	0.000003505	long leg	$178K	$273K	50x