Funding you earn now, next payment 04:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.77 per $10,000 · paid last 24h +0.092%
Price spread now: Bybit against Orderly+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.050% dearer against Orderly than usual: you sell high and buy low: +$5 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 | Orderly PERP_1000BONK_USDC | 0.000003378 | −0.0055 | get 0.0027% / 4h | 3h 33m | $29K | $39K | 20x |
| Short | Bybit 1000BONKUSDT | 0.000003380 | 0.0100 | get 0.0050% / 4h | 3h 33m | $10.5M | $17.0M | 50x |
Orderly PERP_1000BONK_USDC
Bybit 1000BONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- $32.48
- Price spread: +0.050% → 0.000%
- $5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $20.51
- Costs to cover
- 0.170%
- Break-even
- 2.6 days
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, just now. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, just now | 1.48 bp | 13.5 bp −$13 | 37.5 bp −$375 | 183.8 bp −$18.4K | doesn't fit |
Orderly: 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 | −0.0376% | 1h | 0.000003374 | −0.118% | $43K | $24K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003376 | −0.059% | $1.0M | $14.3M | 75x | as long as short |
| Orderly PERP_1000BONK_USDClong | −0.0055% | 4h | 0.000003378 | long leg | $29K | $39K | 20x | |
| Deribit 1000BONK_USDC-PERPETUAL | −0.0046% | 1h | 0.000003378 | 0.000% | $2K | $110K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003378 | +0.012% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003381 | +0.102% | $12K | $3K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.079% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003378 | +0.014% | $4 | — | 15x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003376 | −0.064% | $65K | $262K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003379 | +0.030% | $113K | $122K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Deribit 1000BONK_USDC-PERPETUAL
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Aster 1000BONKUSDT
Pacifica kBONKShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003380 | +0.057% | $15.4M | $53.4M | 75x | as long as short |
| Bybit 1000BONKUSDTshort | +0.0100% | 4h | 0.000003380 | +0.050% | $10.5M | $17.0M | 50x | |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003380 | +0.059% | $2.4M | $7.9M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003378 | 0.000% | $725K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003379 | +0.030% | $9.9M | $6.8M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003380 | +0.050% | $2.7M | $9.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003376 | −0.059% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003378 | 0.000% | — | $7.1M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003396 | +0.532% | $305K | $119K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003394 | +0.474% | $57K | $706K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003378 | +0.015% | $16K | $105K | 10x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003382 | +0.118% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003378 | 0.000% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003381 | +0.089% | $93K | $152K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003378 | −0.006% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003378 | 0.000% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −11.190% | $564 | — | 100x | as long as short |
| Lighter 1000BONK | +0.0288% | 1h | 0.000003385 | +0.207% | $311K | $420K | 10x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0300% | 1h | 0.000003381 | +0.089% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0635% | 1h | 0.000003386 | +0.237% | $10.0M | $7.2M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.1471% | 1h | 0.000003387 | +0.259% | $207K | $156K | 50x | as long as short |
Binance 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
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]
Lighter 1000BONK
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD