BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1654%/8h= −181.2% APRnext payment −$2.07 per $10,000 · paid last 24h −0.088%

Price spread now: SoDEX against Backpack+0.352%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. SoDEX is 0.352% dearer against Backpack than usual: you sell high and buy low (spread +0.352% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kBONK_USDC_PERP	0.000003411	0.1754	pay 0.0219% / 1h	30m 44s	$53K	$23K	10x
Short	SoDEX 1000BONK-USD	0.000003423	0.0100	get 0.0013% / 1h	30m 44s	$2K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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 BackpackbpFee SoDEXbpOrdersPrice spread, now +0.352%Rate

Funding earned: −$347.42
Price spread: +0.352% → 0.000%: $35.18
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$330.24
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Backpack: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Backpack and SoDEX: 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	−0.0024%	1h	0.000003414	+0.088%	$44K	$79K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003421	+0.296%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.016%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003429	+0.527%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0089%	4h	0.000003416	+0.147%	$1.0M	$19.5M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003429	+0.542%	$65K	$141K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.215%	$47K	$321K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003439	+0.821%	$114K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.333%	$17.5M	$90.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.340%	$12.1M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003401	−0.293%	$2.9M	$14.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003394	−0.498%	$899K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003400	−0.322%	$10.8M	$10.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003400	−0.337%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.352%	$4.4M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003399	−0.352%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.643%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003475	+1.876%	$59K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003419	+0.235%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003428	+0.498%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USDshort	+0.0100%	1h	0.000003423	+0.352%	$2K	$7K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003425	+0.410%	$97K	$135K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003394	−0.510%	$21K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003411	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.049%	$523	—	100x	as long as short
dYdX BONK-USD	+0.0215%	1h	0.000003441	+0.890%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0232%	1h	0.000003404	−0.205%	$240K	$762K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0335%	1h	0.000003419	+0.235%	$34K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0548%	1h	0.000003404	−0.205%	$11.6M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERPlong	+0.1754%	1h	0.000003411	long leg	$53K	$23K	10x
Kraken Futures PF_BONKUSD	+0.3029%	1h	0.000003427	+0.483%	$175K	$270K	50x	as long as short