Funding you earn now, next payment 00:00 UTC−0.1356%/8h= −148.5% APRnext payment −$1.69 per $10,000 · paid last 24h −0.031%
Price spread now: Backpack against Kraken Futures−0.174%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Backpack is 0.174% cheaper against Kraken Futures 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 | Kraken Futures PF_BONKUSD | 0.000003366 | 0.1456 | pay 0.0182% / 1h | 19m 10s | $205K | $150K | 50x |
| Short | Backpack kBONK_USDC_PERP | 0.000003360 | 0.0100 | get 0.0013% / 1h | 19m 10s | $30K | $7K | 10x |
Kraken Futures PF_BONKUSD
Backpack kBONK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$284.75
- Price spread: −0.174% → 0.000%
- −$17.35
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$322.1
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 58 min ago; Backpack: 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 Kraken Futures live order book, 58 min ago | 34.16 bp | 43.5 bp −$43 | 114.5 bp −$1,145 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
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 | −0.0456% | 1h | 0.000003342 | −0.708% | $42K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003359 | −0.203% | $1.0M | $13.8M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0068% | 4h | 0.000003360 | −0.174% | $29K | $40K | 20x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003360 | −0.162% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003359 | −0.190% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003360 | −0.174% | $2K | $110K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −2.729% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003361 | −0.143% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003360 | −0.174% | $188K | $300K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003363 | −0.097% | $64K | $251K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Lighter 1000BONK
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003360 | −0.174% | $114K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003361 | −0.145% | $15.2M | $52.5M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003357 | −0.251% | $10.2M | $16.8M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003358 | −0.233% | $2.4M | $7.8M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003357 | −0.263% | $717K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003360 | −0.174% | $9.8M | $6.7M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003360 | −0.182% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003357 | −0.263% | $4.2M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003359 | −0.203% | — | $8.0M | — | as long as short |
| Backpack kBONK_USDC_PERPshort | +0.0100% | 1h | 0.000003360 | −0.174% | $30K | $7K | 10x | |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003362 | −0.113% | $303K | $119K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003356 | −0.292% | $57K | $703K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003362 | −0.099% | $19K | $106K | 10x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003363 | −0.084% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003360 | −0.174% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003370 | +0.124% | $92K | $153K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003360 | −0.177% | $22K | $2K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003359 | −0.203% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −10.869% | $562 | — | 100x | as long as short |
| Hyperliquid kBONK | +0.1219% | 1h | 0.000003365 | −0.025% | $10.1M | $7.2M | 10x | as long as short |
| Kraken Futures PF_BONKUSDlong | +0.1456% | 1h | 0.000003366 | long leg | $205K | $150K | 50x |
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Nado kBONK-PERP
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Hyperliquid kBONK