Spread before costs (cost unknown: a leg has no order-book sample)+0.676%
7d average—if it closes, per $10,000$68funding while held, a day+$1.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000BONK_USDC-PERPETUAL | 0.000003401 | 0.0044 | pay 0.0006% / 1h | 10m 08s | $23K | $77K | 10x |
| Short | Backpack kBONK_USDC_PERP | 0.000003424 | 0.0100 | get 0.0013% / 1h | 10m 08s | $31K | $6K | 10x |
Deribit 1000BONK_USDC-PERPETUAL
Backpack kBONK_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $67.63
- Funding while held
- $1.68
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $52.3
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0056%
- Per $10,000 a day
- +$1.68
- Average in range /8h
- —
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Deribit and Backpack: 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 price on every exchange
against the cheapest. Click to use as the short leg.GMX0.000003000cheapest
Injective0.000003234+7.800%Coinbase International0.000003343+11.433%ApeX Omni0.000003370+12.333%Variational Omni0.000003391+13.045%Aster0.000003395+13.182%BloFin0.000003396+13.200%Nado0.000003397+13.217%Aevo0.000003397+13.233%Reya0.000003397+13.245%Gate0.000003398+13.267%Orderly0.000003398+13.267%gTrade (Gains Network)0.000003399+13.297%SoDEX0.000003399+13.300%Extended0.000003400+13.325%Pacifica0.000003401+13.367%
GMX
Injective
Coinbase International
ApeX Omni
Variational Omni
Aster
BloFin
Nado
Aevo
Reya
Gate
Orderly
gTrade (Gains Network)
SoDEX
Extended
PacificaDeribit0.000003401+13.367%
HTX0.000003401+13.367%dYdX0.000003402+13.397%SunX0.000003407+13.567%Binance0.000003410+13.674%Kraken Futures0.000003411+13.694%Lighter0.000003412+13.733%Bybit0.000003413+13.757%KuCoin0.000003415+13.843%OKX0.000003418+13.933%Bitget0.000003423+14.100%BingX0.000003423+14.100%
HTX
dYdX
SunX
Binance
Kraken Futures
Lighter
Bybit
KuCoin
OKX
Bitget
BingXBackpack0.000003424+14.133%
MEXC0.000003426+14.200%Hyperliquid0.000003430+14.333%
MEXC
HyperliquidBONK on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX BONK/USD [ETH-USDC] | −11.791% | L +0.0100% / S −0.0001% | 1h | $24 | — | 100x | as long as short |
| Injective BONK/USDC PERP | −4.910% | +0.0033% | 1h | $3K | $36K | 5.5x | as long as short |
| Coinbase International 1000BONK-PERP-INTX | −1.705% | −0.0616% | 1h | $44K | $18K | 50x | as long as short |
| ApeX Omni 1000BONKUSDT | −0.911% | −0.0355% | 1h | $57K | $686K | 25x | as long as short |
| Variational Omni 1000BONK | −0.284% | +0.0100% | 4h | $303K | $160K | — | as long as short |
| Aster 1000BONKUSDT | −0.163% | +0.0100% | 4h | $57K | $237K | 10x | as long as short |
| BloFin 1000BONK-USDT | −0.147% | −0.0182% | 4h | $1.0M | $13.2M | 75x | as long as short |
| Nado kBONK-PERP | −0.132% | +0.0041% | 1h | $20K | $98K | 10x | as long as short |
| Aevo 1000BONK-PERP | −0.118% | +0.0096% | 1h | $4K | — | 3x | as long as short |
| Reya kBONKRUSDPERP | −0.107% | +0.0083% | 1h | $4 | — | 15x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate BONK_USDT | −0.088% | +0.0096% | 4h | $747K | $2.1M | 50x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.088% | −0.0262% | 4h | $29K | $35K | 20x | as long as short |
| gTrade (Gains Network) BONK/USD | −0.062% | L +0.0001% / S +0.0001% | 1h | $23 | — | 150x | as long as short |
| SoDEX 1000BONK-USD | −0.059% | +0.0100% | 1h | $2K | $6K | 10x | as long as short |
| Extended 1000BONK-USD | −0.037% | +0.0056% | 1h | $22K | $623K | 25x | as long as short |
| Pacifica kBONK | 0.000% | +0.0100% | 1h | $115K | $101K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUALlong | 0.000% | +0.0044% | 1h | $23K | $77K | 10x | |
| HTX BONK-USDT | 0.000% | +0.0100% | 4h | $81K | $86K | 30x | as long as short |
| dYdX BONK-USD | +0.026% | 0.0000% | 1h | $12K | $3K | 10x | as long as short |
| SunX BONK-USDT | +0.176% | +0.0100% | 4h | $2K | $11K | 20x | as long as short |
| Binance 1000BONKUSDT | +0.271% | +0.0058% | 4h | $15.0M | $43.6M | 75x | as long as short |
| Kraken Futures PF_BONKUSD | +0.289% | +0.0242% | 1h | $177K | $149K | 50x | as long as short |
| Lighter 1000BONK | +0.323% | +0.0096% | 1h | $196K | $223K | 10x | as long as short |
| Bybit 1000BONKUSDT | +0.344% | +0.0100% | 4h | $10.4M | $13.8M | 50x | as long as short |
| KuCoin 1000BONKUSDTM | +0.420% | +0.0100% | 4h | $2.8M | $8.6M | 75x | as long as short |
| OKX BONK-USDT-SWAP | +0.500% | +0.0100% | 8h | $2.5M | $6.5M | 20x | as long as short |
| Bitget 1000BONKUSDT | +0.647% | +0.0058% | 4h | $4.3M | $2.7M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.647% | +0.0100% | 4h | — | $6.5M | — | as long as short |
| Backpack kBONK_USDC_PERPshort | +0.676% | +0.0100% | 1h | $31K | $6K | 10x | |
| MEXC 1000BONK_USDT | +0.735% | +0.0058% | 4h | $11.1M | $5.7M | 125x | as long as short |
| Hyperliquid kBONK | +0.853% | +0.0393% | 1h | $9.9M | $6.2M | 10x | as long as short |