BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1068%/8h= −117.0% APRnext payment −$1.34 per $10,000 · paid last 24h −0.015%

Price spread now: Reya against Kraken Futures−0.101%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Reya is 0.101% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	0.000003337	0.1151	pay 0.0144% / 1h	1m 23s	$203K	$149K	50x
Short	Reya kBONKRUSDPERP	0.000003333	0.0083	get 0.0010% / 1h	1m 23s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.101%Rate

Funding earned: −$224.37
Price spread: −0.101% → 0.000%: −$10.08
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$250.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 21 min ago; Reya: 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, 21 min ago	20.70 bp	34.6 bp −$35	125.2 bp −$1,252	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0320%	1h	0.000003327	−0.292%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003334	−0.082%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0058%	4h	0.000003332	−0.142%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003334	−0.091%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003332	−0.146%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−1.880%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003333	−0.101%	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003333	−0.112%	$197K	$291K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003333	−0.097%	$19K	$107K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003332	−0.152%	$64K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003332	−0.142%	$113K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003334	−0.080%	$14.9M	$51.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003332	−0.154%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003333	−0.112%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003332	−0.142%	$737K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003333	−0.112%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003332	−0.142%	$2.6M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003335	−0.052%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003332	−0.142%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003335	−0.052%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003332	−0.131%	$300K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003330	−0.202%	$56K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003341	+0.128%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003335	−0.052%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003333	−0.106%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003334	−0.082%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.092%	$557	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0350%	1h	0.000003337	+0.008%	$2K	$110K	10x	as long as short
HTX BONK-USDT	+0.0456%	4h	0.000003342	+0.158%	$77K	$123K	30x	as long as short
Hyperliquid kBONK	+0.0745%	1h	0.000003340	+0.098%	$9.8M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.1151%	1h	0.000003337	long leg	$203K	$149K	50x