Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.086%
Price spread now: Orderly against Reya−0.207%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.207% cheaper against Reya than usual: you would sell low and buy high (−$21 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 | 0.000003380 | 0.0083 | pay 0.0010% / 1h | 38m 00s | $4 | — | 15x |
| Short | Orderly PERP_1000BONK_USDC | 0.000003373 | −0.0017 | pay 0.0008% / 4h | 2h 38m | $29K | $49K | 20x |
Reya kBONKRUSDPERP
Orderly PERP_1000BONK_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Reya. 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
- −$20.96
- Price spread: −0.207% → 0.000%
- −$20.67
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$53.63
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
Reya and Orderly: 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 | −0.325% | $43K | $26K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003414 | +1.006% | $939K | $14.9M | 75x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | −0.0046% | 1h | 0.000003375 | −0.147% | $2K | $110K | 10x | as long as short |
| Orderly PERP_1000BONK_USDCshort | −0.0017% | 4h | 0.000003373 | −0.207% | $29K | $49K | 20x | |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003380 | +0.010% | $12K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003375 | −0.142% | $23 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.136% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERPlong | +0.0083% | 1h | 0.000003380 | long leg | $4 | — | 15x | |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003376 | −0.103% | $27K | $115K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003381 | +0.016% | $65K | $253K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Deribit 1000BONK_USDC-PERPETUAL
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
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 | 0.000003381 | +0.030% | $112K | $125K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003383 | +0.089% | $15.9M | $56.3M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003388 | +0.237% | $10.7M | $17.7M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003388 | +0.237% | $2.5M | $8.2M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003378 | −0.059% | $735K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003377 | −0.088% | $9.4M | $6.8M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003381 | +0.036% | $2.7M | $9.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003380 | 0.000% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003382 | +0.060% | — | $4.7M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003379 | −0.030% | $309K | $127K | — | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003380 | 0.000% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003375 | −0.147% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003382 | +0.060% | $96K | $157K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003375 | −0.156% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003376 | −0.118% | $4K | — | 3x | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0145% | 1h | 0.000003411 | +0.918% | $57K | $714K | 25x | as long as short |
| Lighter 1000BONK | +0.0192% | 1h | 0.000003379 | −0.029% | $230K | $666K | 10x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −11.242% | $564 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0312% | 1h | 0.000003383 | +0.089% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0874% | 1h | 0.000003391 | +0.326% | $10.1M | $7.5M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2084% | 1h | 0.000003380 | +0.015% | $211K | $165K | 50x | as long as short |
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
ApeX Omni 1000BONKUSDT
Lighter 1000BONK
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD