BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.117%

Price spread now: Deribit against Reya−0.147%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Deribit

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.147% cheaper against Reya than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003395	0.0083	pay 0.0010% / 1h	39m 02s	$4	—	15x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003390	0.0045	get 0.0006% / 1h	39m 02s	$2K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$7.93
Price spread: −0.147% → 0.000%: −$14.68
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.61
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 60 min ago. 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 Deribit live order book, 60 min ago	10.31 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	−0.0336%	1h	0.000003369	−0.765%	$43K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003414	+0.560%	$939K	$14.9M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0017%	4h	0.000003387	−0.235%	$29K	$49K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003390	−0.133%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003392	−0.094%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.564%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0045%	1h	0.000003390	−0.147%	$2K	$110K	10x
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003395	long leg	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003396	+0.030%	$26K	$115K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003388	−0.194%	$65K	$253K	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	0.000003389	−0.176%	$112K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003389	−0.167%	$16.0M	$56.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003390	−0.159%	$10.7M	$17.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003389	−0.176%	$2.5M	$8.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003387	−0.235%	$737K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003390	−0.147%	$9.5M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003389	−0.167%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003387	−0.235%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003387	−0.235%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003379	−0.471%	$309K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003396	+0.030%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003390	−0.147%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	−0.088%	$96K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003387	−0.230%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003388	−0.206%	$4K	—	3x	as long as short
ApeX Omni 1000BONKUSDT	+0.0145%	1h	0.000003411	+0.472%	$57K	$714K	25x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.634%	$566	—	100x	as long as short
Lighter 1000BONK	+0.0224%	1h	0.000003392	−0.088%	$231K	$666K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0320%	1h	0.000003393	−0.058%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0869%	1h	0.000003397	+0.059%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2075%	1h	0.000003396	+0.032%	$212K	$165K	50x	as long as short