Funding you earn now, next payment 06:00 UTC+0.1569%/8h= +171.8% APRpaid last 24h +0.124%
Price spread now: Hyperliquid against OKX+0.171%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$540.535% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 7 days−0.178%−$18 · spread now +0.171%, 7d avg +0.085%
=Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.085%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% a year). A funding rate is set anew for every payment. 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 | OKX BONK-USDT-SWAP | 0.000003503 | 0.0100 | pay 0.0100% / 8h | 2h 33m | $2.8M | $11.5M | 20x |
| Short | Hyperliquid kBONK | 0.000003509 | 0.1669 | get 0.0209% / 1h | 33m 31s | $11.8M | $6.5M | 10x |
OKX BONK-USDT-SWAP
Hyperliquid kBONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $329.41
- Price spread: +0.171% → +0.085%
- $8.62
- Slippage, 4 orders
- −$34.52
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $284.52
- Costs to cover
- 0.535%
- Break-even
- 1.0 days
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 9 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 OKX live order book, 5 min ago | 1.43 bp | 13.6 bp −$14 | 47.6 bp −$476 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.42 bp | 7.6 bp −$8 | 20.4 bp −$204 | 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 | −0.0136% | 1h | 0.000003498 | −0.143% | $43K | $47K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003490 | −0.371% | $13K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003489 | −0.400% | $9K | $134K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003502 | −0.040% | $24 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −6.537% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003501 | −0.044% | $4 | — | 15x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0092% | 4h | 0.000003488 | −0.428% | $30K | $53K | 20x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003497 | −0.171% | $247K | $709K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003501 | −0.043% | $42K | $114K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003509 | +0.171% | $59K | $299K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Orderly PERP_1000BONK_USDC
Lighter 1000BONK
Nado kBONK-PERP
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003494 | −0.257% | $116K | $123K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003505 | +0.069% | $17.9M | $71.1M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003499 | −0.114% | $11.5M | $22.2M | 50x | as long as short |
| OKX BONK-USDT-SWAPlong | +0.0100% | 8h | 0.000003503 | long leg | $2.8M | $11.5M | 20x | |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003491 | −0.343% | $923K | $3.1M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003504 | +0.029% | $9.8M | $8.1M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003502 | −0.029% | $3.0M | $10.3M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003500 | −0.086% | $4.5M | $3.9M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003503 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003510 | +0.199% | $326K | $141K | — | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003494 | −0.257% | $2K | $13K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003490 | −0.371% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003501 | −0.057% | $100K | $129K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003498 | −0.155% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003487 | −0.457% | $4K | — | 3x | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0105% | 1h | 0.000003522 | +0.542% | $59K | $704K | 25x | as long as short |
| BloFin 1000BONK-USDT | +0.0145% | 4h | 0.000003523 | +0.571% | $1.0M | $17.8M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0194% / S −0.2801% | 1h | 0.000003000 | −14.359% | $386 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.1633% | 1h | 0.000003493 | −0.285% | $46K | $17K | 10x | as long as short |
| Hyperliquid kBONKshort | +0.1669% | 1h | 0.000003509 | +0.171% | $11.8M | $6.5M | 10x | |
| Kraken Futures PF_BONKUSD | +0.2661% | 1h | 0.000003495 | −0.239% | $214K | $218K | 50x | as long as short |
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDC
Variational Omni 1000BONK
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
ApeX Omni 1000BONKUSDT
BloFin 1000BONK-USDT
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Kraken Futures PF_BONKUSD