BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.013%

Price spread now: Injective against Nado−9.695%49s7-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 Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 9.695% cheaper against Nado than usual: you would sell low and buy high (−$970 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003625	0.0100	pay 0.0012% / 1h	46m 05s	$51K	$120K	10x
Short	Injective BONK/USDC PERP	0.000003274	0.0033	get 0.0004% / 1h	46m 05s	$3K	$113	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −9.695%Rate

Funding earned: −$14
Price spread: −9.695% → 0.000%: −$969.52
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$990.54
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 32 min ago; Injective: 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, 32 min ago	4.23 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0016%	1h	0.000003624	−0.041%	$44K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003630	+0.124%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003623	−0.061%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0026%	1h	0.000003626	+0.014%	$20K	$155K	10x	as long as short
Injective BONK/USDC PERPshort	+0.0033%	1h	0.000003274	−9.695%	$3K	$113	5.5x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003625	−0.016%	$4	—	15x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003625	long leg	$51K	$120K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003628	+0.065%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003634	+0.234%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003629	+0.097%	$18.6M	$77.0M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003624	−0.033%	$12.3M	$23.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003628	+0.069%	$3.0M	$13.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003626	+0.014%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003628	+0.069%	$11.5M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003626	+0.014%	$2.9M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003625	−0.014%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003626	+0.014%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003625	−0.016%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003631	+0.152%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003627	+0.041%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003632	+0.179%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003629	+0.097%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003631	+0.152%	$103K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003626	+0.019%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003625	−0.014%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0145%	4h	0.000003630	+0.124%	$1.1M	$19.0M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.253%	$400	—	100x	as long as short
Lighter 1000BONK	+0.0216%	1h	0.000003629	+0.097%	$253K	$738K	10x	as long as short
Hyperliquid kBONK	+0.1181%	1h	0.000003634	+0.234%	$12.0M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1576%	1h	0.000003633	+0.207%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2967%	1h	0.000003639	+0.361%	$224K	$219K	50x	as long as short