BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2972%/8h= −325.4% APRnext payment −$3.71 per $10,000 · paid last 24h −0.383%

Price spread now: Coinbase International against Kraken Futures−0.822%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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 −$89 a day on $10k at the current rate, and Coinbase International is 0.822% cheaper against Kraken Futures than usual: you would sell low and buy high (−$82 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	Kraken Futures PF_BONKUSD	0.000003653	0.2956	pay 0.0369% / 1h	44m 28s	$225K	$219K	50x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003623	−0.0016	pay 0.0002% / 1h	44m 28s	$44K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now −0.822%Rate

Funding earned: −$624.02
Price spread: −0.822% → 0.000%: −$82.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$726.2
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 63 min ago; Coinbase International: 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 Kraken Futures live order book, 63 min ago	21.33 bp	38.8 bp −$39	175.9 bp −$1,759	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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-INTXshort	−0.0016%	1h	0.000003623	−0.822%	$44K	$53K	50x
dYdX BONK-USD	0.0000%	1h	0.000003644	−0.239%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003641	−0.326%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.376%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003644	−0.249%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003642	−0.302%	$53K	$121K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003639	−0.373%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003645	−0.220%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003643	−0.274%	$18.8M	$77.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003639	−0.384%	$12.3M	$23.8M	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	0.000003644	−0.247%	$3.0M	$13.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003641	−0.329%	$1.0M	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003644	−0.247%	$11.6M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003642	−0.302%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003641	−0.329%	$4.6M	$4.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003643	−0.274%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003623	−0.812%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003636	−0.466%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003642	−0.302%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003649	−0.110%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003644	−0.247%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003635	−0.493%	$103K	$131K	30x	as long as short
BloFin 1000BONK-USDT	+0.0104%	4h	0.000003644	−0.247%	$1.1M	$19.1M	75x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003647	−0.173%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003638	−0.411%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.876%	$401	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003642	−0.302%	$254K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0574%	1h	0.000003644	−0.247%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1176%	1h	0.000003647	−0.165%	$12.1M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1580%	1h	0.000003653	−0.001%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.2956%	1h	0.000003653	long leg	$225K	$219K	50x