BONK

Alert

Funding spread now, next payment 16:00 UTC+0.0251%/8h

next payment, per $10,000+$0.31paid, last 24h+0.120%paid, last 5 days+0.806%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003288	0	get 0.0000% / 1h	31m 43s	$22K	$77K	10x
Short	Kraken Futures PF_BONKUSD	0.000003294	0.0251	get 0.0031% / 1h	31m 43s	$173K	$147K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersRate

Funding earned: $52.68
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $35.68
Break-even: 2.3 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 17 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.175%
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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 17 min ago	26.60 bp	39.1 bp −$39	88.7 bp −$887	doesn't fit	doesn't fit

Deribit: 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
ApeX Omni 1000BONKUSDT	−0.0803%	1h	$55K	$687K	25x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0616%	1h	$44K	$19K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0264%	4h	$28K	$33K	20x	as long as short
BloFin 1000BONK-USDT	−0.0223%	4h	$990K	$12.6M	75x	as long as short
Nado kBONK-PERP	−0.0010%	1h	$19K	$97K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	$12K	$4K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	0.0000%	1h	$22K	$77K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	$23	—	150x	as long as short
Bitget 1000BONKUSDT	+0.0012%	4h	$4.1M	$2.7M	75x	as long as short
Extended 1000BONK-USD	+0.0016%	1h	$21K	$623K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC 1000BONK_USDT	+0.0018%	4h	$11.3M	$5.3M	125x	as long as short
Binance 1000BONKUSDT	+0.0020%	4h	$14.2M	$42.0M	75x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	$3K	$36K	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	$4	—	15x	as long as short
Aevo 1000BONK-PERP	+0.0088%	1h	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0096%	1h	$182K	$213K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	$55K	$231K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	$112K	$102K	10x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	$9.8M	$13.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.6M	$6.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	$707K	$2.0M	50x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.8M	$8.5M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	—	$7.3M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	$30K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	$296K	$159K	—	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	$77K	$83K	30x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0134% / S −0.0001%	1h	$23	—	100x	as long as short
Kraken Futures PF_BONKUSDshort	+0.0251%	1h	$173K	$147K	50x
Hyperliquid kBONK	+0.0273%	1h	$9.4M	$6.0M	10x	as long as short