BONK

Alert

Funding spread now, next payment 18:00 UTC−0.0817%/8h

next payment, per $10,000−$1.02paid, last 24h+0.025%paid, last 7 days−0.306%to open and close $10k−$91

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.306% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 per $10,000. 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	Kraken Futures PF_BONKUSD	0.000003307	0.0913	pay 0.0114% / 1h	42m 35s	$167K	$162K	50x
Short	Lighter 1000BONK	0.000003300	0.0096	get 0.0012% / 1h	42m 35s	$211K	$242K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersRate

Funding earned: −$171.51
Slippage, 4 orders: −$80.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$262.03
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 61 min ago; Lighter: live order book, 44 min ago.

Price risk

price view

Price gap now: −0.223%
Avg gap 7d: −0.076%

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, 61 min ago	26.64 bp	42.6 bp −$43	127.1 bp −$1,271	doesn't fit	doesn't fit
Sell Lighter live order book, 44 min ago	3.03 bp	5.3 bp −$5	28.0 bp −$280	doesn't fit	doesn't fit

BONK on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BONK/USDC PERP	−0.0694%	1h	$3K	$29K	5.5x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0488%	1h	$42K	$19K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0204%	4h	$28K	$42K	20x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	$1.0M	$12.8M	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	$12K	$90K	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 1000BONKshort	+0.0096%	1h	$211K	$242K	10x
Aster 1000BONKUSDT	+0.0100%	4h	$57K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	$111K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	$14.8M	$46.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	$9.9M	$15.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.4M	$6.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	$703K	$2.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	$10.7M	$6.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.8M	$9.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	$4.1M	$2.8M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	$30K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	$296K	$164K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	$56K	$686K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	$20K	$101K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	$2K	$12K	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	$21K	$623K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0120% / S −0.0957%	1h	$211	—	100x	as long as short
Hyperliquid kBONK	+0.0828%	1h	$9.8M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.0913%	1h	$167K	$162K	50x