BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2322%/8h= −254.3% APRnext payment −$2.90 per $10,000 · paid last 24h −0.164%

Price spread now: Reya against Kraken Futures+0.065%48s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.065% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$70 a day in funding at the current rate, which eats that in about 2 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BONKUSD	0.000003492	0.2405	pay 0.0301% / 1h	41m 28s	$223K	$178K	50x
Short	Reya kBONKRUSDPERP	0.000003494	0.0083	get 0.0010% / 1h	41m 28s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now +0.065%Rate

Funding earned: −$487.64
Price spread: +0.065% → 0.000%: $6.45
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$497.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 11 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 Kraken Futures live order book, 11 min ago	24.27 bp	50.8 bp −$51	156.4 bp −$1,564	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	−0.0312%	1h	0.000003482	−0.277%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003485	−0.180%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003496	+0.127%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.234%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003500	+0.238%	$988K	$16.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003498	+0.181%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003494	+0.065%	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003490	−0.048%	$239K	$685K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003490	−0.034%	$36K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003488	−0.116%	$81K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003487	−0.134%	$116K	$105K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003501	+0.267%	$17.0M	$61.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.224%	$11.4M	$19.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003500	+0.238%	$2.5M	$9.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003491	−0.019%	$869K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003498	+0.181%	$9.6M	$7.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003494	+0.055%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003495	+0.095%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003500	+0.238%	—	$4.6M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003488	−0.109%	$323K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003499	+0.210%	$59K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003492	+0.009%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003486	−0.163%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003596	+2.988%	$102K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003485	−0.191%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003486	−0.163%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.081%	$584	—	100x	as long as short
Hyperliquid kBONK	+0.0818%	1h	0.000003498	+0.181%	$10.3M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0897%	1h	0.000003492	+0.009%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1047%	1h	0.000003503	+0.324%	$46K	$15K	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.2405%	1h	0.000003492	long leg	$223K	$178K	50x