BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0539%/8h= +59.0% APRnext payment +$0.67 per $10,000 · paid last 24h −0.082%

Price spread now: Deribit against Nado−0.044%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.294%−$29 on $10k

Price spread, last 4 days (all we have)−0.674%−$67 · spread now −0.044%, 7d avg 0.000%

Together, before fees−0.968%+ Points / potential airdropNado: Active · farm board−$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.045% cheaper against Nado than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of 0.000%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 3 days funding on this pair cost −0.294%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003380	0.0100	pay 0.0012% / 1h	37m 59s	$29K	$99K	10x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003379	0.0639	get 0.0080% / 1h	37m 59s	$2K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $113.11
Price spread: −0.044% → 0.000%: −$4.47
Slippage, 4 orders: −$46.93
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $47.72
Costs to cover: 0.609%
Break-even: 4.0 days

Slippage from Nado: live order book, 75 min ago; Deribit: live order book, 51 min ago.

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 Nado live order book, 75 min ago	1.46 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 51 min ago	7.36 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	−0.0320%	1h	0.000003374	−0.192%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003368	−0.358%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003377	−0.098%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.150%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0043%	4h	0.000003364	−0.488%	$955K	$15.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0071%	4h	0.000003376	−0.133%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003380	−0.016%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003376	−0.133%	$224K	$668K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003380	long leg	$29K	$99K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.258%	$78K	$250K	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	0.000003367	−0.399%	$112K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003379	−0.044%	$16.3M	$58.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003376	−0.121%	$10.7M	$18.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003376	−0.133%	$2.5M	$8.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003372	−0.251%	$793K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003378	−0.074%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003374	−0.192%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003375	−0.163%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003379	−0.044%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003351	−0.876%	$306K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003357	−0.695%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003383	+0.074%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003376	−0.133%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003381	+0.015%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003374	−0.202%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003371	−0.281%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.256%	$564	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0243%	1h	0.000003379	−0.044%	$30K	$7K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0639%	1h	0.000003379	−0.044%	$2K	$110K	10x
Hyperliquid kBONK	+0.0693%	1h	0.000003380	−0.015%	$9.9M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2493%	1h	0.000003381	+0.021%	$218K	$177K	50x	as long as short