Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.091%
Price spread now: Deribit against Nado+0.131%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$630.633% of the position
Funding, last 3 days (all we have)−0.288%−$29 on $10k
+Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.131%, 7d avg +0.002%
=Together, before fees−0.511%+ Points / potential airdropNado: Active · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.129% dearer against Nado than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.002%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.2 days. At the pace of the last 3 days (−0.288% in total) that is about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kBONK-PERP | 0.000003440 | 0.0100 | pay 0.0012% / 1h | 23m 41s | $27K | $114K | 10x |
| Short | Deribit 1000BONK_USDC-PERPETUAL | 0.000003445 | 0.0040 | get 0.0005% / 1h | 23m 41s | $2K | $110K | 10x |
Nado kBONK-PERP
Deribit 1000BONK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Nado. 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
- −$12.52
- Price spread: +0.131% → +0.002%
- $12.88
- Slippage, 4 orders
- −$49.27
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$62.92
- Costs to cover
- 0.633%
- Break-even
- never at this rate
Slippage from Nado: live order book, 35 min ago; Deribit: live order book, 10 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 Nado live order book, 35 min ago | 4.42 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 10 min ago | 8.77 bp | 12.3 bp −$12 | doesn't fit | 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 | 0.000003369 | −2.078% | $43K | $26K | 50x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0005% | 4h | 0.000003443 | +0.073% | $29K | $58K | 20x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003441 | +0.026% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003442 | +0.032% | $24 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −4.839% | $3K | $113 | 5.5x | as long as short |
| Deribit 1000BONK_USDC-PERPETUALshort | +0.0040% | 1h | 0.000003445 | +0.131% | $2K | $110K | 10x | |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003442 | +0.042% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003446 | +0.160% | $232K | $671K | 10x | as long as short |
| Nado kBONK-PERPlong | +0.0100% | 1h | 0.000003440 | long leg | $27K | $114K | 10x | |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003451 | +0.303% | $66K | $253K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
Orderly PERP_1000BONK_USDC
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Lighter 1000BONK
Aster 1000BONKUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003442 | +0.044% | $114K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003442 | +0.035% | $16.2M | $56.7M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003439 | −0.049% | $11.0M | $17.8M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003439 | −0.044% | $2.5M | $8.4M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003441 | +0.015% | $762K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003440 | −0.015% | $9.6M | $6.9M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003442 | +0.044% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003434 | −0.189% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003438 | −0.073% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003458 | +0.507% | $315K | $127K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003439 | −0.044% | $58K | $707K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003448 | +0.218% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003445 | +0.131% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003450 | +0.276% | $98K | $158K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003434 | −0.186% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003444 | +0.102% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −12.803% | $576 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0373% | 1h | 0.000003448 | +0.218% | $31K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0991% | 1h | 0.000003451 | +0.305% | $10.3M | $7.6M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2039% | 1h | 0.000003456 | +0.448% | $215K | $165K | 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
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]
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD