BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1962%/8h= +214.9% APRnext payment +$2.45 per $10,000 · paid last 24h +0.100%

Price spread now: Kraken Futures against Nado+0.145%7-day average +0.131% · 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−$126as in the Price arb table

costs, in and out, $10k−$1271.272% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.398%+$40 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.145%, 7d avg +0.131%

Together, before fees+0.291%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.131%, so right now this pair is about funding alone: +$59 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.398% in total (about 44.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.45 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	0.000003411	0.0100	pay 0.0013% / 1h	47m 12s	$27K	$114K	10x
Short	Kraken Futures PF_BONKUSD	0.000003416	0.2062	get 0.0258% / 1h	47m 12s	$213K	$165K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.145%Rate

Funding earned: $412.05
Price spread: +0.145% → +0.131%: $1.47
Slippage, 4 orders: −$110.18
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $286.33
Costs to cover: 1.272%
Break-even: 2.1 days

Slippage from Nado: live order book, 11 min ago; Kraken Futures: live order book, 20 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, 11 min ago	4.42 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 20 min ago	33.60 bp	46.5 bp −$47	97.7 bp −$977	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	−0.0336%	1h	0.000003390	−0.630%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003414	+0.073%	$939K	$14.9M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0025%	4h	0.000003409	−0.073%	$29K	$49K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003413	+0.053%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003407	−0.132%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003409	−0.085%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.030%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003410	−0.045%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003412	+0.024%	$66K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003414	+0.073%	$113K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.031%	$16.1M	$55.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.044%	$10.7M	$17.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003408	−0.103%	$2.5M	$8.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003413	+0.044%	$743K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003409	−0.073%	$9.7M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003413	+0.044%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003406	−0.161%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003409	−0.073%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003404	−0.221%	$310K	$127K	—	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003411	long leg	$27K	$114K	10x
SunX BONK-USDT	+0.0100%	4h	0.000003411	−0.015%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003407	−0.132%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003420	+0.249%	$97K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003405	−0.201%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003406	−0.161%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.062%	$571	—	100x	as long as short
Lighter 1000BONK	+0.0280%	1h	0.000003414	+0.073%	$375K	$498K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0532%	1h	0.000003412	+0.015%	$57K	$712K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.0546%	1h	0.000003417	+0.161%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0913%	1h	0.000003418	+0.191%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.2062%	1h	0.000003416	+0.145%	$213K	$165K	50x