BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.037%

Price spread now: Backpack against Nado−0.044%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Backpack is 0.044% cheaper against Nado than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003443	0.0100	pay 0.0013% / 1h	59m 21s	$27K	$104K	10x
Short	Backpack kBONK_USDC_PERP	0.000003442	0.0327	get 0.0041% / 1h	59m 21s	$30K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now −0.044%Rate

Funding earned: $47.6
Price spread: −0.044% → 0.000%: −$4.36
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $26.24
Costs to cover: 0.170%
Break-even: 3.1 days

Slippage unknown: Nado: live order book, 59 min ago; 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 Nado live order book, 59 min ago	4.42 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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 30 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	−0.0336%	1h	0.000003446	+0.073%	$44K	$27K	50x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0041%	1h	0.000003439	−0.131%	$2K	$110K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003439	−0.122%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003439	−0.125%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0026%	4h	0.000003440	−0.102%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.922%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003441	−0.061%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003445	+0.044%	$225K	$665K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003449	+0.151%	$81K	$262K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003447	+0.102%	$114K	$118K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003437	−0.201%	$16.1M	$56.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003440	−0.102%	$10.9M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003441	−0.073%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003444	+0.015%	$895K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003434	−0.276%	$9.6M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003446	+0.058%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003438	−0.160%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003437	−0.189%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003454	+0.302%	$315K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003452	+0.247%	$58K	$708K	25x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003443	long leg	$27K	$104K	10x
SunX BONK-USDT	+0.0100%	4h	0.000003445	+0.044%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003443	−0.015%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003441	−0.073%	$97K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003440	−0.097%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003440	−0.102%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.879%	$575	—	100x	as long as short
Backpack kBONK_USDC_PERPshort	+0.0327%	1h	0.000003442	−0.044%	$30K	$7K	10x
Hyperliquid kBONK	+0.0487%	1h	0.000003449	+0.160%	$10.2M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2013%	1h	0.000003452	+0.236%	$223K	$174K	50x	as long as short