BONK

Alert

Funding spread now, next payment 15:00 UTC−0.0716%/8h

next payment, per $10,000−$0.89paid, last 24h−0.200%paid, last 5 days−0.562%to open and closeno order book

Long on Backpack Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kBONK_USDC_PERP	0.000003412	0.0100	pay 0.0013% / 1h	6m 28s	$31K	$6K	10x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003402	−0.0616	pay 0.0077% / 1h	6m 28s	$45K	$19K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$150.36
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$170.36
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.293%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Backpack and Coinbase International: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTXshort	−0.0616%	1h	$45K	$19K	50x
ApeX Omni 1000BONKUSDT	−0.0274%	1h	$57K	$686K	25x	as long as short
Orderly PERP_1000BONK_USDC	−0.0258%	4h	$29K	$36K	20x	as long as short
BloFin 1000BONK-USDT	−0.0172%	4h	$1.0M	$13.3M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0043%	1h	$14K	$87K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	$3K	$36K	5.5x	as long as short
Nado kBONK-PERP	+0.0042%	1h	$20K	$98K	10x	as long as short
Extended 1000BONK-USD	+0.0064%	1h	$22K	$623K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC 1000BONK_USDT	+0.0066%	4h	$11.1M	$5.7M	125x	as long as short
Binance 1000BONKUSDT	+0.0069%	4h	$15.2M	$44.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0072%	4h	$4.2M	$2.7M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	$4	—	15x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0095% / S −0.0001%	1h	$24	—	100x	as long as short
Lighter 1000BONK	+0.0096%	1h	$216K	$243K	10x	as long as short
Aevo 1000BONK-PERP	+0.0096%	1h	$4K	—	3x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	$58K	$237K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	$115K	$101K	10x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	$10.4M	$13.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.5M	$6.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	$759K	$2.1M	50x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.8M	$8.6M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	—	$7.4M	—	as long as short
Backpack kBONK_USDC_PERPlong	+0.0100%	1h	$31K	$6K	10x
Variational Omni 1000BONK	+0.0100%	4h	$303K	$160K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	$2K	$11K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	$81K	$101K	30x	as long as short
Kraken Futures PF_BONKUSD	+0.0242%	1h	$178K	$149K	50x	as long as short
Hyperliquid kBONK	+0.0395%	1h	$10.0M	$6.3M	10x	as long as short