BONK

Alert

Funding spread now, next payment 18:00 UTC+0.0794%/8h

paid, last 24h+0.025%paid, last 3 days+0.016%to open and closeno order book

Long on Injective Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.016% in total (about 1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BONK/USDC PERP	0.000003274	−0.0694	get 0.0087% / 1h	19m 35s	$3K	$29K	5.5x
Short	Variational Omni 1000BONK	0.000003345	0.0100	get 0.0050% / 4h	2h 19m	$299K	$164K	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersRate

Funding earned: $166.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $166.81
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 21 min ago. Net counts fees only.

Price risk

price view

Price gap now: +2.162%
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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 21 min ago	7.59 bp	doesn't fit	56.2 bp −$562	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BONK/USDC PERPlong	−0.0694%	1h	$3K	$29K	5.5x
Coinbase International 1000BONK-PERP-INTX	−0.0488%	1h	$43K	$20K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0182%	4h	$29K	$42K	20x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	$1.0M	$12.6M	75x	as long as short
dYdX BONK-USD	0.0000%	1h	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	$11K	$100K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	$23	—	150x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	$215K	$245K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	$64K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	$113K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	$14.9M	$46.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	$10.0M	$15.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.4M	$7.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	$712K	$2.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	$10.5M	$6.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.8M	$9.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	$4.2M	$2.8M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	$30K	$6K	10x	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	$299K	$164K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	$57K	$687K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	$19K	$102K	10x	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	$78K	$94K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	$22K	$313K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0155% / S −0.3380%	1h	$559	—	100x	as long as short
Hyperliquid kBONK	+0.0860%	1h	$10.1M	$6.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0901%	1h	$171K	$139K	50x	as long as short