Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.032%
Price spread now: Backpack against Injective+3.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 3.054% dearer against Injective than usual: you sell high and buy low: +$305 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 | Injective BONK/USDC PERP | 0.000003274 | 0.0033 | pay 0.0004% / 1h | 22m 20s | $3K | $113 | 5.5x |
| Short | Backpack kBONK_USDC_PERP | 0.000003374 | 0.0100 | get 0.0013% / 1h | 22m 20s | $30K | $7K | 10x |
Injective BONK/USDC PERP
Backpack kBONK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $14
- Price spread: +3.054% → 0.000%
- $305.44
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $309.42
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Backpack: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Injective 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 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 | −0.0320% | 1h | 0.000003368 | +2.871% | $43K | $22K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003373 | +3.024% | $1.0M | $13.2M | 75x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | −0.0047% | 1h | 0.000003370 | +2.932% | $2K | $110K | 10x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0040% | 4h | 0.000003373 | +3.024% | $29K | $41K | 20x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003370 | +2.932% | $12K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003374 | +3.042% | $2K | — | 150x | as long as short |
| Injective BONK/USDC PERPlong | +0.0033% | 1h | 0.000003274 | long leg | $3K | $113 | 5.5x | |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003375 | +3.081% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003374 | +3.054% | $199K | $290K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003376 | +3.128% | $65K | $251K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Deribit 1000BONK_USDC-PERPETUAL
Orderly PERP_1000BONK_USDC
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Reya kBONKRUSDPERP
Lighter 1000BONK
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003370 | +2.932% | $115K | $117K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003372 | +2.978% | $15.2M | $50.8M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003371 | +2.978% | $10.2M | $16.5M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003375 | +3.085% | $2.5M | $7.7M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003372 | +2.993% | $742K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003370 | +2.932% | $10.2M | $6.6M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003373 | +3.012% | $2.7M | $9.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003368 | +2.871% | $4.2M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003373 | +3.024% | — | $6.5M | — | as long as short |
| Backpack kBONK_USDC_PERPshort | +0.0100% | 1h | 0.000003374 | +3.054% | $30K | $7K | 10x | |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003417 | +4.364% | $305K | $104K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003394 | +3.665% | $57K | $693K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003374 | +3.070% | $20K | $109K | 10x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003377 | +3.146% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003372 | +2.993% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003392 | +3.604% | $79K | $118K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003370 | +2.936% | $22K | $2K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003372 | +2.993% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −8.369% | $564 | — | 100x | as long as short |
| Hyperliquid kBONK | +0.0746% | 1h | 0.000003381 | +3.268% | $10.0M | $7.2M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.1137% | 1h | 0.000003378 | +3.173% | $205K | $149K | 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-USDC
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Nado kBONK-PERP
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Hyperliquid kBONK
Kraken Futures PF_BONKUSD