Funding you earn now, next payment 07:00 UTC−0.1629%/8h= −178.4% APRnext payment −$2.04 per $10,000 · paid last 24h −0.078%
Price spread now: dYdX against Backpack−0.379%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and dYdX is 0.379% cheaper against Backpack than usual: you would sell low and buy high (−$38 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 | Backpack kBONK_USDC_PERP | 0.000003603 | 0.1629 | pay 0.0204% / 1h | 5m 38s | $56K | $23K | 10x |
| Short | dYdX BONK-USD | 0.000003589 | 0 | get 0.0000% / 1h | 5m 38s | $13K | $3K | 10x |
Backpack kBONK_USDC_PERP
dYdX BONK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Backpack. 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
- −$342.07
- Price spread: −0.379% → 0.000%
- −$37.87
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$399.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; dYdX: 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 Backpack no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
Backpack and dYdX: 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 | −0.0016% | 1h | 0.000003594 | −0.250% | $45K | $63K | 50x | as long as short |
| dYdX BONK-USDshort | 0.0000% | 1h | 0.000003589 | −0.379% | $13K | $3K | 10x | |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003594 | −0.250% | $25 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −9.131% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003608 | +0.150% | $4 | — | 15x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003584 | −0.513% | $62K | $128K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003591 | −0.342% | $60K | $311K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003592 | −0.305% | $119K | $139K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003584 | −0.538% | $18.6M | $82.4M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003581 | −0.616% | $12.4M | $25.2M | 50x | as long as short |
Coinbase International 1000BONK-PERP-INTX
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Nado kBONK-PERP
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003584 | −0.527% | $2.9M | $14.2M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003591 | −0.333% | $980K | $3.5M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003594 | −0.250% | $12.4M | $9.4M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003593 | −0.278% | $3.0M | $10.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003586 | −0.472% | $4.6M | $4.9M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003588 | −0.416% | — | $5.0M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003594 | −0.253% | $338K | $156K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003590 | −0.361% | $60K | $706K | 25x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0100% | 4h | 0.000003583 | −0.555% | $31K | $52K | 20x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003590 | −0.361% | $2K | $14K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003588 | −0.416% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003606 | +0.083% | $102K | $131K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003583 | −0.542% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003580 | −0.638% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0107% | 4h | 0.000003598 | −0.139% | $1.1M | $19.6M | 75x | as long as short |
| Lighter 1000BONK | +0.0192% | 1h | 0.000003598 | −0.139% | $252K | $750K | 10x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.3950% | 1h | 0.000003000 | −16.736% | $548 | — | 100x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0308% | 1h | 0.000003585 | −0.500% | $35K | $176K | 10x | as long as short |
| Hyperliquid kBONK | +0.1308% | 1h | 0.000003600 | −0.083% | $12.4M | $8.0M | 10x | as long as short |
| Backpack kBONK_USDC_PERPlong | +0.1629% | 1h | 0.000003603 | long leg | $56K | $23K | 10x | |
| Kraken Futures PF_BONKUSD | +0.3000% | 1h | 0.000003599 | −0.108% | $222K | $223K | 50x | as long as short |
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Orderly PERP_1000BONK_USDC
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
BloFin 1000BONK-USDT
Lighter 1000BONK
GMX BONK/USD [ETH-USDC]
Deribit 1000BONK_USDC-PERPETUAL
Hyperliquid kBONK
Kraken Futures PF_BONKUSD