BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0250%/8h= +27.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.007%

Price spread now: Backpack against Reya−0.046%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Backpack

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

Funding pays, the price is against you. Backpack is 0.046% cheaper against Reya than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003401	0.0083	pay 0.0010% / 1h	55m 12s	$4	—	15x
Short	Backpack kBONK_USDC_PERP	0.000003399	0.0333	get 0.0042% / 1h	55m 12s	$30K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now −0.046%Rate

Funding earned: $52.53
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $31.95
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; Backpack: 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Reya and Backpack: 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	−0.0456%	1h	0.000003342	−1.722%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003397	−0.105%	$1.0M	$13.6M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0085%	4h	0.000003399	−0.046%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003399	−0.049%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003398	−0.089%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003398	−0.075%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.722%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003401	long leg	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003399	−0.046%	$191K	$298K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003399	−0.061%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.036%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003399	−0.046%	$115K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.030%	$15.4M	$51.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.075%	$10.3M	$16.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003398	−0.075%	$2.5M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003402	+0.042%	$728K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003406	+0.160%	$10.1M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003398	−0.069%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.075%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003399	−0.046%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003392	−0.250%	$304K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003389	−0.340%	$57K	$699K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003406	+0.160%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003398	−0.075%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003402	+0.042%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003397	−0.108%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003397	−0.105%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.779%	$568	—	100x	as long as short
Backpack kBONK_USDC_PERPshort	+0.0333%	1h	0.000003399	−0.046%	$30K	$7K	10x
Hyperliquid kBONK	+0.1186%	1h	0.000003409	+0.248%	$10.2M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1441%	1h	0.000003402	+0.037%	$207K	$149K	50x	as long as short