BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1679%/8h= −183.9% APRnext payment −$2.10 per $10,000 · paid last 24h −0.097%

Price spread now: Nado against Backpack−0.273%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Nado

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 airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Nado is 0.273% cheaper against Backpack than usual: you would sell low and buy high (−$27 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	0.000003482	0.1779	pay 0.0222% / 1h	32m 51s	$54K	$23K	10x
Short	Nado kBONK-PERP	0.000003472	0.0100	get 0.0012% / 1h	32m 51s	$69K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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 BackpackbpFee NadobpOrdersPrice spread, now −0.273%Rate

Funding earned: −$352.64
Price spread: −0.273% → 0.000%: −$27.28
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$396.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Nado: live order book, 36 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 Nado live order book, 36 min ago	2.83 bp	16.7 bp −$17	doesn't fit	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	−0.0024%	1h	0.000003465	−0.488%	$42K	$66K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003475	−0.198%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.974%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0047%	4h	0.000003479	−0.086%	$1.1M	$19.9M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003484	+0.056%	$4	—	15x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003472	−0.273%	$69K	$136K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003480	−0.057%	$48K	$322K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003478	−0.115%	$115K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003475	−0.197%	$17.9M	$89.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003472	−0.299%	$12.3M	$27.0M	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	0.000003477	−0.144%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003474	−0.230%	$921K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003480	−0.057%	$11.3M	$10.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003477	−0.144%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003477	−0.144%	$4.5M	$5.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003475	−0.201%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	+0.314%	$328K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003498	+0.460%	$59K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003470	−0.345%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003481	−0.029%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003477	−0.144%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003481	−0.029%	$99K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003476	−0.184%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003468	−0.402%	$4K	—	3x	as long as short
dYdX BONK-USD	+0.0165%	1h	0.000003475	−0.188%	$14K	$5K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.843%	$530	—	100x	as long as short
Lighter 1000BONK	+0.0272%	1h	0.000003480	−0.057%	$244K	$759K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0326%	1h	0.000003475	−0.201%	$34K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0588%	1h	0.000003481	−0.029%	$11.9M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERPlong	+0.1779%	1h	0.000003482	long leg	$54K	$23K	10x
Kraken Futures PF_BONKUSD	+0.2984%	1h	0.000003479	−0.084%	$177K	$271K	50x	as long as short