Funding you earn now, next payment 04:00 UTC+0.0731%/8h= +80.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.094%
Price spread now: Hyperliquid against Backpack+0.180%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.180% dearer against Backpack than usual: you sell high and buy low: +$18 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 | Backpack kBONK_USDC_PERP | 0.000003342 | 0.0100 | pay 0.0013% / 1h | 49m 13s | $29K | $7K | 10x |
| Short | Hyperliquid kBONK | 0.000003348 | 0.0831 | get 0.0104% / 1h | 49m 13s | $9.9M | $4.8M | 10x |
Backpack kBONK_USDC_PERP
Hyperliquid kBONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Backpack. 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
- $153.44
- Price spread: +0.180% → 0.000%
- $17.95
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $152.39
- Costs to cover
- 0.190%
- Break-even
- 0.0 days
Slippage unknown: Backpack: no order-book sample; Hyperliquid: live order book, 3 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 1.48 bp | 8.9 bp −$9 | 28.6 bp −$286 | doesn't fit | doesn't fit |
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 | −0.0320% | 1h | 0.000003347 | +0.150% | $43K | $33K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003353 | +0.342% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003345 | +0.090% | $2K | $110K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003349 | +0.212% | $23 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −2.035% | $3K | $113 | 5.5x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0070% | 4h | 0.000003344 | +0.060% | $29K | $56K | 20x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003349 | +0.223% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003345 | +0.090% | $222K | $667K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003347 | +0.165% | $25K | $97K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003351 | +0.261% | $77K | $250K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Orderly PERP_1000BONK_USDC
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERP
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003351 | +0.269% | $112K | $106K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003342 | 0.000% | $16.0M | $58.3M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003341 | −0.045% | $10.6M | $18.3M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003342 | 0.000% | $2.5M | $8.6M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003343 | +0.030% | $809K | $2.7M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003341 | −0.030% | $9.2M | $7.1M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003339 | −0.084% | $2.5M | $9.7M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003339 | −0.090% | $4.2M | $3.0M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003341 | −0.030% | — | $4.8M | — | as long as short |
| Backpack kBONK_USDC_PERPlong | +0.0100% | 1h | 0.000003342 | long leg | $29K | $7K | 10x | |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003359 | +0.506% | $306K | $133K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003365 | +0.688% | $57K | $705K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003354 | +0.359% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003343 | +0.030% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003363 | +0.628% | $95K | $119K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003345 | +0.093% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003340 | −0.060% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0111% | 4h | 0.000003347 | +0.150% | $954K | $14.9M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −10.233% | $560 | — | 100x | as long as short |
| Hyperliquid kBONKshort | +0.0831% | 1h | 0.000003348 | +0.180% | $9.9M | $4.8M | 10x | |
| Kraken Futures PF_BONKUSD | +0.2518% | 1h | 0.000003347 | +0.156% | $216K | $176K | 50x | as long as short |
Pacifica kBONK
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
BloFin 1000BONK-USDT
GMX BONK/USD [ETH-USDC]
Kraken Futures PF_BONKUSD