BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1157%/8h= +126.7% APRnext payment +$1.45 per $10,000 · paid last 24h +0.095%

Price spread now: Hyperliquid against Nado+0.133%7-day average +0.100% · 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−$46as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.206%+$21 on $10k

Price spread, last 3 days (all we have)−0.311%−$31 · spread now +0.133%, 7d avg +0.100%

Together, before fees−0.105%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hyperliquid is 0.034% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.100%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.206% in total (about 23.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003373	0.0100	pay 0.0013% / 1h	31m 06s	$19K	$106K	10x
Short	Hyperliquid kBONK	0.000003378	0.1257	get 0.0157% / 1h	31m 06s	$10.2M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Nado. 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 NadobpFee HyperliquidbpOrdersPrice spread, now +0.133%Rate

Funding earned: $243.06
Price spread: +0.133% → +0.100%: $3.39
Slippage, 4 orders: −$33.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $197.13
Costs to cover: 0.493%
Break-even: 1.3 days

Slippage from Nado: live order book, 46 min ago; Hyperliquid: live order book, 11 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, 46 min ago	2.98 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.47 bp	10.4 bp −$10	27.0 bp −$270	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	−0.0456%	1h	0.000003342	−0.934%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003370	−0.104%	$1.0M	$13.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0073%	4h	0.000003371	−0.074%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003373	0.000%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003370	−0.090%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003370	−0.104%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.949%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003374	+0.003%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003374	+0.015%	$189K	$300K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003374	0.000%	$65K	$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	0.000003373	−0.015%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.074%	$15.2M	$52.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.062%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003370	−0.104%	$2.5M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003371	−0.074%	$725K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003371	−0.074%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003371	−0.062%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003368	−0.163%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003372	−0.044%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003374	+0.015%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003372	−0.041%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003374	+0.015%	$57K	$701K	25x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003373	long leg	$19K	$106K	10x
SunX BONK-USDT	+0.0100%	4h	0.000003378	+0.133%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003372	−0.044%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003398	+0.726%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003369	−0.121%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003369	−0.133%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.072%	$564	—	100x	as long as short
Hyperliquid kBONKshort	+0.1257%	1h	0.000003378	+0.133%	$10.2M	$7.2M	10x
Kraken Futures PF_BONKUSD	+0.1451%	1h	0.000003378	+0.127%	$206K	$150K	50x	as long as short