BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1580%/8h= +173.0% APRnext payment +$1.97 per $10,000 · paid last 24h +0.067%

Price spread now: Backpack against Pacifica+0.167%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Backpack is 0.167% dearer against Pacifica than usual: you sell high and buy low: +$17 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	Pacifica kBONK	0.000003595	0.0100	pay 0.0013% / 1h	42m 23s	$119K	$145K	10x
Short	Backpack kBONK_USDC_PERP	0.000003601	0.1680	get 0.0210% / 1h	42m 23s	$55K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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 PacificabpFee BackpackbpOrdersPrice spread, now +0.167%Rate

Funding earned: $331.74
Price spread: +0.167% → 0.000%: $16.69
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $330.43
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: Pacifica: live order book, 60 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 Pacifica live order book, 60 min ago	6.89 bp	25.8 bp −$26	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 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	−0.0040%	1h	0.000003550	−1.252%	$43K	$64K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003590	−0.139%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003593	−0.067%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0028%	1h	0.000003596	+0.028%	$35K	$164K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.929%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003594	−0.017%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003596	+0.042%	$65K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003597	+0.045%	$60K	$318K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003595	long leg	$119K	$145K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003597	+0.056%	$18.6M	$84.6M	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	0.000003597	+0.045%	$12.6M	$25.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003594	−0.028%	$3.0M	$14.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003592	−0.083%	$1.0M	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003598	+0.083%	$11.8M	$9.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003594	−0.019%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003596	+0.028%	$4.6M	$5.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003596	+0.028%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003568	−0.756%	$334K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003579	−0.445%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003595	0.000%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003601	+0.167%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003596	+0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003592	−0.083%	$102K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003594	−0.027%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003595	0.000%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0120%	4h	0.000003589	−0.167%	$1.1M	$20.1M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−16.551%	$549	—	100x	as long as short
Lighter 1000BONK	+0.0672%	1h	0.000003599	+0.111%	$250K	$761K	10x	as long as short
Hyperliquid kBONK	+0.1147%	1h	0.000003601	+0.167%	$12.3M	$8.1M	10x	as long as short
Backpack kBONK_USDC_PERPshort	+0.1680%	1h	0.000003601	+0.167%	$55K	$23K	10x
Kraken Futures PF_BONKUSD	+0.4421%	1h	0.000003605	+0.277%	$184K	$262K	50x	as long as short