Funding you earn now, next payment 00:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.032%
Price spread now: Injective against Backpack−3.422%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 3.422% cheaper against Backpack than usual: you would sell low and buy high (−$342 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kBONK_USDC_PERP | 0.000003390 | 0.0200 | pay 0.0025% / 1h | 42m 37s | $30K | $7K | 10x |
| Short | Injective BONK/USDC PERP | 0.000003274 | 0.0033 | get 0.0004% / 1h | 42m 37s | $3K | $113 | 5.5x |
Backpack kBONK_USDC_PERP
Injective BONK/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$35.06
- Price spread: −3.422% → 0.000%
- −$342.18
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$387.27
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Injective: 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Backpack and Injective: 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 | −1.416% | $42K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003386 | −0.118% | $1.0M | $13.8M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0080% | 4h | 0.000003391 | +0.029% | $29K | $40K | 20x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003391 | +0.027% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003389 | −0.042% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003388 | −0.059% | $2K | $110K | 10x | as long as short |
| Injective BONK/USDC PERPshort | +0.0033% | 1h | 0.000003274 | −3.422% | $3K | $113 | 5.5x | |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003393 | +0.076% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003387 | −0.088% | $189K | $299K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003392 | +0.074% | $20K | $106K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003386 | −0.113% | $65K | $251K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003386 | −0.118% | $114K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003387 | −0.088% | $15.4M | $52.2M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003383 | −0.204% | $10.3M | $16.8M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003386 | −0.118% | $2.5M | $7.9M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003385 | −0.147% | $734K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003387 | −0.088% | $9.8M | $6.7M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003386 | −0.112% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003385 | −0.147% | $4.2M | $3.0M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003384 | −0.177% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003408 | +0.533% | $306K | $119K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003408 | +0.531% | $58K | $700K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003392 | +0.059% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003388 | −0.059% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003401 | +0.324% | $93K | $153K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003385 | −0.150% | $22K | $2K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003388 | −0.059% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −11.504% | $567 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERPlong | +0.0200% | 1h | 0.000003390 | long leg | $30K | $7K | 10x | |
| Hyperliquid kBONK | +0.1298% | 1h | 0.000003395 | +0.147% | $10.2M | $7.2M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.1444% | 1h | 0.000003393 | +0.076% | $207K | $150K | 50x | as long as short |
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDC
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Hyperliquid kBONK
Kraken Futures PF_BONKUSD