BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1973%/8h= +216.0% APRnext payment +$2.47 per $10,000 · paid last 24h +0.069%

Price spread now: Kraken Futures against SoDEX+0.210%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Kraken Futures

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—needs both histories

Both sides work for this trade now. Funding pays +$59 a day on $10k at the current rate, and Kraken Futures is 0.210% dearer against SoDEX than usual: you sell high and buy low: +$21 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	SoDEX 1000BONK-USD	0.000003392	0.0100	pay 0.0013% / 1h	41m 36s	$2K	$6K	10x
Short	Kraken Futures PF_BONKUSD	0.000003399	0.2073	get 0.0259% / 1h	41m 36s	$212K	$165K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.210%Rate

Funding earned: $414.25
Price spread: +0.210% → 0.000%: $21.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $417.27
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 26 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 26 min ago	33.60 bp	46.5 bp −$47	97.7 bp −$977	doesn't fit	doesn't fit

SoDEX: 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	−0.0336%	1h	0.000003390	−0.059%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003414	+0.649%	$939K	$14.9M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0045%	1h	0.000003391	−0.029%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0020%	4h	0.000003391	−0.029%	$29K	$49K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003381	−0.311%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003393	+0.021%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.479%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003395	+0.088%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003395	+0.103%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003394	+0.054%	$65K	$253K	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	0.000003386	−0.177%	$112K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003385	−0.206%	$15.9M	$55.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003387	−0.147%	$10.7M	$17.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003389	−0.088%	$2.5M	$8.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003385	−0.206%	$736K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003381	−0.324%	$9.5M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003383	−0.268%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003385	−0.206%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003385	−0.206%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003402	+0.309%	$310K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003397	+0.147%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USDlong	+0.0100%	1h	0.000003392	long leg	$2K	$6K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003401	+0.265%	$96K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003387	−0.157%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003390	−0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.557%	$567	—	100x	as long as short
Lighter 1000BONK	+0.0328%	1h	0.000003389	−0.088%	$350K	$545K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0360%	1h	0.000003413	+0.619%	$57K	$713K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.0363%	1h	0.000003395	+0.088%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0868%	1h	0.000003401	+0.265%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.2073%	1h	0.000003399	+0.210%	$212K	$165K	50x