BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1975%/8h= +216.3% APRnext payment +$2.47 per $10,000 · paid last 24h +0.074%

Price spread now: Kraken Futures against Reya+0.280%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 Kraken Futures

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 +$59 a day on $10k at the current rate, and Kraken Futures is 0.280% dearer against Reya than usual: you sell high and buy low: +$28 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	0.000003414	0.0083	pay 0.0010% / 1h	34m 45s	$4	—	15x
Short	Kraken Futures PF_BONKUSD	0.000003424	0.2058	get 0.0257% / 1h	34m 45s	$213K	$165K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.280%Rate

Funding earned: $414.75
Price spread: +0.280% → 0.000%: $28.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $426.78
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 33 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 Kraken Futures live order book, 33 min ago	33.60 bp	46.5 bp −$47	97.7 bp −$977	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	−1.318%	$43K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003414	+0.001%	$939K	$14.9M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0014%	4h	0.000003413	−0.029%	$29K	$59K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003426	+0.365%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003415	+0.021%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.100%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003414	long leg	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003416	+0.074%	$26K	$116K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003420	+0.166%	$66K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003425	+0.323%	$114K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003426	+0.352%	$16.1M	$56.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003423	+0.250%	$10.8M	$17.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003425	+0.323%	$2.5M	$8.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003424	+0.294%	$753K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003425	+0.323%	$9.5M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003424	+0.302%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003424	+0.294%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003425	+0.323%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003414	0.000%	$310K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003407	−0.204%	$57K	$713K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003421	+0.206%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003417	+0.088%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003417	+0.088%	$97K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003425	+0.326%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003410	−0.117%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0152%	1h	0.000003430	+0.469%	$234K	$666K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.126%	$571	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0336%	1h	0.000003417	+0.088%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0348%	1h	0.000003425	+0.323%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0927%	1h	0.000003434	+0.586%	$10.2M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.2058%	1h	0.000003424	+0.280%	$213K	$165K	50x