BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.2959%/8h= +324.0% APRnext payment +$3.70 per $10,000 · paid last 24h +0.336%

Price spread now: Kraken Futures against Reya+0.175%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$89 a day on $10k at the current rate, and Kraken Futures is 0.175% dearer against Reya than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003407	0.0083	pay 0.0010% / 1h	30m 16s	$4	—	15x
Short	Kraken Futures PF_BONKUSD	0.000003413	0.3041	get 0.0380% / 1h	30m 16s	$173K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.175%Rate

Funding earned: $621.29
Price spread: +0.175% → 0.000%: $17.45
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $622.74
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	34.61 bp	40.9 bp −$41	85.0 bp −$850	doesn't fit	doesn't fit

Reya: 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	−0.0024%	1h	0.000003388	−0.571%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003406	−0.052%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.917%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003407	long leg	$4	—	15x
BloFin 1000BONK-USDT	+0.0089%	4h	0.000003416	+0.251%	$1.0M	$19.5M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003404	−0.102%	$64K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003410	+0.064%	$47K	$321K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003401	−0.190%	$113K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003410	+0.074%	$17.6M	$90.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003408	+0.007%	$12.1M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003408	+0.016%	$2.9M	$14.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003404	−0.102%	$901K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003411	+0.104%	$10.9M	$10.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003404	−0.105%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.102%	$4.4M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003408	+0.016%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.747%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003475	+1.982%	$59K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003404	−0.102%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	+0.192%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003423	+0.456%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003411	+0.104%	$97K	$135K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003407	−0.010%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.219%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−11.958%	$520	—	100x	as long as short
dYdX BONK-USD	+0.0208%	1h	0.000003403	−0.119%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0232%	1h	0.000003413	+0.162%	$241K	$762K	10x	as long as short
Hyperliquid kBONK	+0.0551%	1h	0.000003410	+0.074%	$11.6M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0631%	1h	0.000003408	+0.016%	$33K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1754%	1h	0.000003411	+0.104%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.3041%	1h	0.000003413	+0.175%	$173K	$273K	50x