data as of
Settings8H · net · $10k
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Funding arb /

BONK

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0056%/8h
next payment, per $10,000−$0.07paid, last 24h−0.046%paid, last 7 days+0.218%to open and close $10k−$104
Long on HyperliquidShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kBONK0.0000032550.0100pay 0.0013% / 1h43m 07s$8.8M$5.5M10x
ShortKraken Futures PF_BONKUSD0.0000032540.0044get 0.0006% / 1h43m 07s$163K$138K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$11.67
Slippage, 4 orders
−$85.24
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$115.91
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Kraken Futures: live order book, 11 min ago.

Price risk

price view
Price gap now
−0.035%
Avg gap 7d
+0.010%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago3.10 bp9.5 bp −$1021.0 bp −$210doesn't fitdoesn't fit
Sell Kraken Futures live order book, 11 min ago29.42 bp37.0 bp −$37103.3 bp −$1,033doesn't fitdoesn't fit

BONK on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0576%1h$43K$17K50xas long as short
ApeX Omni 1000BONKUSDT−0.0421%1h$55K$687K25xas long as short
Orderly PERP_1000BONK_USDC−0.0249%4h$28K$26K20xas long as short
BloFin 1000BONK-USDT−0.0141%4h$952K$11.5M75xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0057%1h$20K$61K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h$1K—150xas long as short
dYdX BONK-USD0.0000%1h$12K$4K10xas long as short
Bitget 1000BONKUSDT+0.0030%4h$4.1M$2.4M75xas long as short
Injective BONK/USDC PERP+0.0033%1h$3K$45K5.5xas long as short
Nado kBONK-PERP+0.0034%1h$28K$88K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_BONKUSDshort+0.0044%1h$163K$138K50x
Gate BONK_USDT+0.0048%4h$691K$1.6M50xas long as short
Reya kBONKRUSDPERP+0.0083%1h$4—15xas long as short
Lighter 1000BONK+0.0096%1h$173K$196K10xas long as short
Extended 1000BONK-USD+0.0096%1h$21K$624K25xas long as short
Binance 1000BONKUSDT+0.0099%4h$13.7M$36.5M75xas long as short
Hyperliquid kBONKlong+0.0100%1h$8.8M$5.5M10x
Aster 1000BONKUSDT+0.0100%4h$52K$228K10xas long as short
Pacifica kBONK+0.0100%1h$113K$96K10xas long as short
Bybit 1000BONKUSDT+0.0100%4h$9.8M$11.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h$2.4M$5.0M20xas long as short
MEXC 1000BONK_USDT+0.0100%4h$9.2M$4.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h$2.8M$7.9M75xas long as short
BingX 1000BONK-USDC+0.0100%4h—$6.5M—as long as short
Backpack kBONK_USDC_PERP+0.0100%1h$28K$6K10xas long as short
Variational Omni 1000BONK+0.0100%4h$289K$154K—as long as short
SunX BONK-USDT+0.0100%4h$2K$10K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h$74K$78K30xas long as short
Aevo 1000BONK-PERP+0.0104%1h$4K—3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0192% / S −0.1951%1h$257—100xas long as short