BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.134%

Price spread now: Deribit against Pacifica0.000%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.543%−$54 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now 0.000%, 7d avg −0.015%

Together, before fees−0.604%+ Points / potential airdropPacifica: Active · farm board−$60 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003368	0.0100	pay 0.0013% / 1h	26m 55s	$114K	$123K	10x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003368	0	get 0.0000% / 1h	26m 55s	$2K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → −0.015%: $1.48
Slippage, 4 orders: −$41.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.96
Costs to cover: 0.564%
Break-even: never at this rate

Slippage from Pacifica: live order book, 51 min ago; Deribit: live order book, 17 min ago.

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, 51 min ago	4.47 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 17 min ago	8.83 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

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	−0.0456%	1h	0.000003342	−0.772%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003370	+0.059%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0070%	4h	0.000003369	+0.030%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003368	+0.012%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003366	−0.048%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	0.0000%	1h	0.000003368	0.000%	$2K	$110K	10x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.791%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003367	−0.027%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003371	+0.089%	$189K	$300K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003368	+0.015%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003372	+0.118%	$65K	$251K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003368	long leg	$114K	$123K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003370	+0.054%	$15.2M	$52.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003370	+0.065%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003368	0.000%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003370	+0.059%	$724K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	+0.059%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003370	+0.056%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003368	0.000%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003370	+0.059%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003373	+0.148%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003372	+0.122%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003370	+0.059%	$57K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003373	+0.148%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003367	−0.030%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003371	+0.089%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003369	+0.027%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003367	−0.030%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.926%	$563	—	100x	as long as short
Hyperliquid kBONK	+0.1255%	1h	0.000003376	+0.238%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1454%	1h	0.000003371	+0.101%	$205K	$150K	50x	as long as short