Funding you earn now, next payment 06:00 UTC+0.2486%/8h= +272.2% APRpaid last 24h +0.268%
Price spread now: Kraken Futures against Orderly+0.323%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.171%+$117 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$75 a day on $10k at the current rate, and Kraken Futures is 0.323% dearer against Orderly than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.171% in total (about 61.1% a year). A funding rate is set anew for every payment. 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 | Orderly PERP_1000BONK_USDC | 0.000003586 | 0.0099 | pay 0.0049% / 4h | 2h 11m | $31K | $53K | 20x |
| Short | Kraken Futures PF_BONKUSD | 0.000003598 | 0.2585 | get 0.0323% / 1h | 11m 53s | $221K | $218K | 50x |
Orderly PERP_1000BONK_USDC
Kraken Futures PF_BONKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $522.09
- Price spread: +0.323% → 0.000%
- $32.32
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $538.41
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 36 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 36 min ago | 21.33 bp | 31.6 bp −$32 | 87.7 bp −$877 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0136% | 1h | 0.000003584 | −0.056% | $44K | $49K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003591 | +0.149% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003585 | −0.025% | $25 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −8.701% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003591 | +0.137% | $4 | — | 15x | as long as short |
| BloFin 1000BONK-USDT | +0.0084% | 4h | 0.000003584 | −0.056% | $1.1M | $18.4M | 75x | as long as short |
| Orderly PERP_1000BONK_USDClong | +0.0099% | 4h | 0.000003586 | long leg | $31K | $53K | 20x | |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003593 | +0.209% | $47K | $115K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003602 | +0.446% | $60K | $299K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003595 | +0.251% | $121K | $125K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
BloFin 1000BONK-USDT
Nado kBONK-PERP
Aster 1000BONKUSDT
Pacifica kBONKShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003604 | +0.504% | $18.5M | $73.3M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003604 | +0.494% | $12.1M | $22.7M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003612 | +0.725% | $2.8M | $12.2M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003598 | +0.335% | $967K | $3.2M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003599 | +0.363% | $11.4M | $8.3M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003597 | +0.318% | $3.1M | $10.4M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003605 | +0.530% | $4.6M | $4.0M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003608 | +0.613% | — | $4.9M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003548 | −1.048% | $330K | $141K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003534 | −1.450% | $60K | $703K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003591 | +0.139% | $2K | $13K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003587 | +0.028% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003591 | +0.139% | $102K | $130K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003600 | +0.404% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003586 | 0.000% | $4K | — | 3x | as long as short |
| Lighter 1000BONK | +0.0176% | 1h | 0.000003591 | +0.139% | $251K | $724K | 10x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0194% / S −0.2801% | 1h | 0.000003000 | −16.341% | $396 | — | 100x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0308% | 1h | 0.000003588 | +0.056% | $9K | $134K | 10x | as long as short |
| Hyperliquid kBONK | +0.1547% | 1h | 0.000003617 | +0.864% | $12.0M | $6.9M | 10x | as long as short |
| Backpack kBONK_USDC_PERP | +0.1634% | 1h | 0.000003597 | +0.307% | $47K | $17K | 10x | as long as short |
| Kraken Futures PF_BONKUSDshort | +0.2585% | 1h | 0.000003598 | +0.323% | $221K | $218K | 50x |
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
Lighter 1000BONK
GMX BONK/USD [ETH-USDC]
Deribit 1000BONK_USDC-PERPETUAL
Hyperliquid kBONK
Backpack kBONK_USDC_PERP