BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%

Price spread now: Backpack against Reya+0.631%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.631% dearer against Reya than usual: you sell high and buy low: +$63 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003422	0.0083	pay 0.0010% / 1h	54m 31s	$4	—	15x
Short	Backpack kBONK_USDC_PERP	0.000003444	0.0100	get 0.0013% / 1h	54m 31s	$30K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.631%Rate

Funding earned: $3.6
Price spread: +0.631% → 0.000%: $63.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $50.66
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Backpack: 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Reya and Backpack: 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 30 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	−0.0336%	1h	0.000003442	+0.572%	$47K	$32K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003438	+0.467%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003438	+0.455%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003438	+0.447%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0028%	4h	0.000003438	+0.455%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.337%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003422	long leg	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003439	+0.484%	$224K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003424	+0.061%	$27K	$106K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003442	+0.572%	$80K	$263K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003437	+0.426%	$114K	$118K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003426	+0.114%	$16.0M	$57.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003421	−0.041%	$10.9M	$18.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003423	+0.017%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003431	+0.251%	$893K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003428	+0.163%	$9.7M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003437	+0.420%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003419	−0.100%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003430	+0.222%	—	$4.7M	—	as long as short
Backpack kBONK_USDC_PERPshort	+0.0100%	1h	0.000003444	+0.631%	$30K	$7K	10x
Variational Omni 1000BONK	+0.0100%	4h	0.000003468	+1.330%	$313K	$133K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003447	+0.718%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003440	+0.514%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003450	+0.806%	$98K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003428	+0.154%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003438	+0.455%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.343%	$575	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0220%	1h	0.000003438	+0.455%	$58K	$708K	25x	as long as short
Hyperliquid kBONK	+0.0617%	1h	0.000003444	+0.631%	$10.2M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2015%	1h	0.000003448	+0.761%	$223K	$174K	50x	as long as short