BONK

Alert

Funding spread now, next payment 14:00 UTC−0.0620%/8h

next payment, per $10,000−$0.78paid, last 24h−0.148%paid, last 5 days−0.802%to open and closeno order book

Long on Kraken Futures Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BONKUSD	0.000003273	0.0044	pay 0.0006% / 1h	37m 01s	$164K	$138K	50x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003218	−0.0576	pay 0.0072% / 1h	37m 01s	$43K	$17K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$130.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$150.23
Break-even: never at this rate

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

Price risk

price view

Price gap now: −1.670%
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 Kraken Futures live order book, 17 min ago	29.42 bp	43.9 bp −$44	142.8 bp −$1,428	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Coinbase International 1000BONK-PERP-INTXshort	−0.0576%	1h	$43K	$17K	50x
Orderly PERP_1000BONK_USDC	−0.0240%	4h	$28K	$26K	20x	as long as short
ApeX Omni 1000BONKUSDT	−0.0222%	1h	$55K	$688K	25x	as long as short
BloFin 1000BONK-USDT	−0.0142%	4h	$951K	$11.6M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0056%	1h	$20K	$61K	10x	as long as short
Nado kBONK-PERP	−0.0023%	1h	$28K	$88K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	$12K	$4K	10x	as long as short
Bitget 1000BONKUSDT	+0.0018%	4h	$4.1M	$2.5M	75x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	$3K	$45K	5.5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_BONKUSDlong	+0.0044%	1h	$164K	$138K	50x
Reya kBONKRUSDPERP	+0.0083%	1h	$4	—	15x	as long as short
Gate BONK_USDT	+0.0086%	4h	$696K	$1.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0094%	4h	$9.2M	$4.4M	125x	as long as short
Lighter 1000BONK	+0.0096%	1h	$179K	$201K	10x	as long as short
Extended 1000BONK-USD	+0.0096%	1h	$21K	$624K	25x	as long as short
Binance 1000BONKUSDT	+0.0098%	4h	$13.9M	$36.6M	75x	as long as short
Hyperliquid kBONK	+0.0100%	1h	$8.8M	$5.5M	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	$52K	$228K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	$114K	$96K	10x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	$9.8M	$11.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.4M	$5.0M	20x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.9M	$7.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	—	$7.2M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	$28K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	$291K	$154K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	$2K	$10K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	$74K	$78K	30x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0192% / S −0.1951%	1h	$258	—	100x	as long as short