BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1572%/8h= −172.2% APRnext payment −$1.97 per $10,000 · paid last 24h −0.129%

Price spread now: Reya against Hyperliquid−0.171%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Reya is 0.171% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 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	Hyperliquid kBONK	0.000003528	0.1655	pay 0.0207% / 1h	29m 50s	$11.9M	$6.5M	10x
Short	Reya kBONKRUSDPERP	0.000003522	0.0083	get 0.0010% / 1h	29m 50s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.171%Rate

Funding earned: −$330.16
Price spread: −0.171% → 0.000%: −$17.11
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$362.27
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; Reya: 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 Hyperliquid live order book, 3 min ago	1.43 bp	6.6 bp −$7	28.0 bp −$280	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0136%	1h	0.000003505	−0.652%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003509	−0.527%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003519	−0.252%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.200%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0078%	4h	0.000003506	−0.624%	$1.0M	$17.7M	75x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003522	−0.171%	$4	—	15x
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003523	−0.142%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003522	−0.156%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003518	−0.292%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003512	−0.454%	$117K	$123K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003520	−0.227%	$18.0M	$71.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003517	−0.326%	$11.6M	$22.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003517	−0.312%	$2.8M	$11.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003516	−0.340%	$927K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003521	−0.198%	$9.9M	$8.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003518	−0.286%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003519	−0.255%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003519	−0.255%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003499	−0.809%	$325K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003497	−0.879%	$59K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003528	0.000%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003523	−0.142%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003526	−0.057%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003518	−0.282%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003517	−0.312%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0112%	1h	0.000003527	−0.028%	$247K	$715K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.966%	$389	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0602%	1h	0.000003523	−0.142%	$9K	$134K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1626%	1h	0.000003530	+0.057%	$46K	$17K	10x	as long as short
Hyperliquid kBONKlong	+0.1655%	1h	0.000003528	long leg	$11.9M	$6.5M	10x
Kraken Futures PF_BONKUSD	+0.2632%	1h	0.000003533	+0.151%	$217K	$218K	50x	as long as short