Funding you earn now, next payment 00:00 UTC+0.1133%/8h= +124.0% APRnext payment +$1.42 per $10,000 · paid last 24h +0.066%
Price spread now: Hyperliquid against Pacifica+0.059%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$470.475% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.059%, 7d avg +0.102%
=Together, before fees+0.219%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.043% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.102%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.175% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.42 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 | Pacifica kBONK | 0.000003399 | 0.0100 | pay 0.0013% / 1h | 51m 26s | $115K | $123K | 10x |
| Short | Hyperliquid kBONK | 0.000003401 | 0.1233 | get 0.0154% / 1h | 51m 26s | $10.2M | $7.2M | 10x |
Pacifica kBONK
Hyperliquid kBONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $237.9
- Price spread: +0.059% → +0.102%
- −$4.29
- Slippage, 4 orders
- −$30.47
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $186.14
- Costs to cover
- 0.475%
- Break-even
- 1.5 days
Slippage from Pacifica: live order book, 26 min ago; Hyperliquid: live order book, 11 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 Pacifica live order book, 26 min ago | 4.47 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.48 bp | 7.1 bp −$7 | 25.9 bp −$259 | 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 | −0.0456% | 1h | 0.000003342 | −1.677% | $42K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003403 | +0.118% | $1.0M | $13.7M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0085% | 4h | 0.000003395 | −0.118% | $29K | $40K | 20x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003395 | −0.121% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003396 | −0.102% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003388 | −0.324% | $2K | $110K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.678% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003393 | −0.175% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003398 | −0.029% | $191K | $298K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003394 | −0.132% | $20K | $106K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003400 | +0.028% | $65K | $251K | 10x | as long as short |
| Pacifica kBONKlong | +0.0100% | 1h | 0.000003399 | long leg | $115K | $123K | 10x | |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003399 | +0.008% | $15.4M | $52.0M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003395 | −0.115% | $10.3M | $16.8M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003396 | −0.088% | $2.5M | $7.9M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003393 | −0.177% | $728K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003398 | −0.029% | $9.8M | $6.6M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003399 | +0.012% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003398 | −0.029% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003397 | −0.059% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003392 | −0.205% | $304K | $119K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003398 | −0.029% | $57K | $699K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003396 | −0.088% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003390 | −0.265% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003400 | +0.029% | $93K | $153K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003400 | +0.025% | $22K | $2K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003387 | −0.353% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −11.739% | $567 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0235% | 1h | 0.000003393 | −0.177% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONKshort | +0.1233% | 1h | 0.000003401 | +0.059% | $10.2M | $7.2M | 10x | |
| Kraken Futures PF_BONKUSD | +0.1443% | 1h | 0.000003396 | −0.082% | $206K | $149K | 50x | as long as short |
Aster 1000BONKUSDT
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDC
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Kraken Futures PF_BONKUSD