BONK funding rates

BONK perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:32 UTC · refreshed every 5 min

Best pair · 7d: 34.6%long Nado, short Lighter · net 32.7%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −33.7%Nado
Listed on: 13 venues

Funding by venue

													Open
Hyperliquid	kBONK	10.9%	10.6%	10.1%	17.1%	10.0%	95%	1h	—	3.46e-06	$9.0M	$673k	HyHyperliquid
Aster	1000BONKUSDT	10.9%	10.9%	8.9%	9.4%	8.5%	95%	4h	04:00	3.464e-06	$88k	$27k	AsAster
GRVT	KBONK_USDT_Perp	10.9%	8.1%	−0.5%	3.0%	−1.9%	51%	4h	04:00	3.459e-06	$260k	$3.9M	GrGRVT
BybitCEX	1000BONKUSDT	10.9%	6.8%	2.8%	4.9%	2.1%	72%	4h	04:00	3.463e-06	$10.2M	$4.6M	ByBybit
BitgetCEX	1000BONKUSDT	10.9%	5.7%	2.4%	8.0%	1.8%	64%	4h	04:00	3.46e-06	$4.3M	$839k	BgBitget
Variational	1000BONK	10.9%	10.9%	3.2%	5.0%	2.0%	74%	4h	—	3.449e-06	$74k	$36k	VaVariational
Lighter	1000BONK	10.5%	10.5%	10.4%	11.0%	10.4%	99%	1h	03:00	3.455e-06	$182k	$132k	LiLighter
BinanceCEX	1000BONKUSDT	7.3%	9.0%	−3.7%	1.3%	−5.8%	45%	4h	04:00	3.462e-06	$14.1M	$14.9M	BnBinance
MEXCCEX	1000BONK_USDT	7.2%	9.3%	−3.3%	2.4%	−5.4%	45%	4h	04:00	3.469e-06	$6.1M	$2.7M	MxMEXC
Extended	1000BONK-USD	7.0%	9.4%	−3.5%	2.4%	−5.7%	45%	1h	03:00	3.455e-06	$31k	$3k	ExExtended
GateCEX	BONK_USDT	5.3%	6.1%	4.8%	5.2%	4.6%	79%	4h	04:00	3.461e-06	$724k	$438k	GtGate
RWA Perp	PERP_1000BONK_USDC	−28.6%	−18.1%	−22.3%	−17.2%	−23.0%	5%	4h	04:00	0.003458	$35.2M	$26k	RwRWA Perp
Nado	kBONK-PERP_USDT0	−33.7%	−25.9%	−24.2%	−12.8%	−23.9%	13%	1h	03:00	3.457e-06	$110k	$32k	NaNado

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Nado	Lighter	44.2%	36.4%	34.6%	23.8%	32.7%	49.1%	0.7d	steady	$110k		Na Li	calc
Nado	Hyperliquid	44.7%	36.5%	34.3%	29.8%	30.1%	45.1%	1.7d	steady	$110k		Na Hy	calc
Nado	Aster	44.7%	36.8%	33.0%	22.1%	29.1%	43.7%	1.7d	steady	$88k	1h/4h	Na As	calc
Nado	Variational	44.7%	36.8%	27.4%	17.8%	25.6%	38.4%	0.9d	steady	$74k	1h/4hspread not incl.	Na Va	calc
Nado	GateCEX	39.0%	32.0%	29.0%	17.9%	23.3%	34.9%	2.8d	steady	$110k	1h/4h	Na Gt	calc
Nado	BybitCEX	44.7%	32.7%	27.0%	17.6%	22.3%	33.4%	2.4d	steady	$110k	1h/4h	Na By	calc
Nado	BitgetCEX	44.7%	31.6%	26.6%	20.7%	21.6%	32.4%	2.6d	steady	$110k	1h/4h	Na Bg	calc
Nado	GRVT	44.7%	33.9%	23.7%	15.7%	19.5%	29.3%	2.5d	steady	$110k	1h/4h	Na Gr	calc
Nado	MEXCCEX	40.9%	35.2%	20.8%	15.1%	18.0%	27.0%	1.9d	steady	$110k	1h/4h	Na Mx	calc
Nado	BinanceCEX	41.0%	34.9%	20.7%	17.6%	16.2%	24.4%	3.0d	steady	$110k	1h/4h	Na Bn	calc
MEXCCEX	Lighter	3.3%	1.2%	13.7%	8.7%	12.7%	19.0%	1.1d	steady	$182k	4h/1h	Mx Li	calc
BinanceCEX	Lighter	3.2%	1.5%	14.1%	9.9%	11.5%	17.2%	2.6d	steady	$182k	4h/1h	Bn Li	calc
MEXCCEX	Hyperliquid	3.7%	1.3%	13.4%	14.7%	10.0%	15.1%	3.5d	steady	$6.1M	4h/1h	Mx Hy	calc
MEXCCEX	Aster	3.7%	1.6%	12.2%	7.0%	9.1%	13.6%	3.6d	steady	$88k		Mx As	calc
BinanceCEX	Hyperliquid	3.6%	1.6%	13.7%	15.9%	8.8%	13.2%	5.0d	steady	$9.0M	4h/1h	Bn Hy	calc
Nado	Extended	40.7%	35.3%	20.7%	15.2%	17.5%	26.3%	2.1d	steady	$31k	low OI	Na Ex	calc
GRVT	Lighter	−0.4%	2.5%	10.9%	8.1%	8.5%	12.8%	3.0d	cooling	$182k	4h/1h	Gr Li	calc
BinanceCEX	Aster	3.6%	2.0%	12.6%	7.6%	7.9%	11.8%	5.2d	steady	$88k		Bn As	calc
Extended	Lighter	3.5%	1.1%	13.9%	8.6%	12.6%	18.9%	1.3d	steady	$31k	low OI	Ex Li	calc
GRVT	Hyperliquid	0.0%	2.5%	10.6%	14.1%	5.9%	8.8%	6.2d	cooling	$260k	4h/1h	Gr Hy	calc
MEXCCEX	Variational	3.7%	1.6%	6.6%	2.7%	5.5%	8.3%	2.2d	steady	$74k	spread not incl.	Mx Va	calc
Extended	Hyperliquid	3.9%	1.2%	13.6%	14.6%	10.0%	14.9%	3.8d	steady	$31k	low OI	Ex Hy	calc
GRVT	Aster	0.0%	2.9%	9.4%	6.4%	4.9%	7.4%	6.6d	cooling	$88k		Gr As	calc
Variational	Hyperliquid	0.0%	−0.4%	6.9%	12.0%	4.5%	6.8%	4.8d	cooling	$74k	4h/1hspread not incl.	Va Hy	calc
Extended	Aster	3.9%	1.6%	12.4%	6.9%	9.0%	13.5%	3.8d	steady	$31k	low OI1h/4h	Ex As	calc
BinanceCEX	Variational	3.6%	2.0%	6.9%	3.1%	4.3%	6.4%	5.3d	steady	$74k	spread not incl.	Bn Va	calc
Variational	Lighter	−0.4%	−0.4%	7.1%	6.0%	7.1%	10.7%	<0.1d	mixed	$74k	4h/1hspread not incl.	Va Li	calc
Variational	Aster	0.0%	0.0%	5.6%	4.3%	3.6%	5.3%	5.2d	cooling	$74k	spread not incl.	Va As	calc
MEXCCEX	GateCEX	−2.0%	−3.2%	8.2%	2.8%	3.2%	4.8%	8.5d	cooling	$724k		Mx Gt	calc
BitgetCEX	Lighter	−0.4%	4.8%	8.0%	3.1%	4.9%	7.3%	5.5d	mixed	$182k	4h/1h	Bg Li	calc
BybitCEX	Lighter	−0.4%	3.7%	7.6%	6.2%	4.7%	7.1%	5.3d	mixed	$182k	4h/1h	By Li	calc
BitgetCEX	Hyperliquid	0.0%	4.8%	7.7%	9.1%	2.2%	3.4%	9.9d	cooling	$4.3M	4h/1h	Bg Hy	calc
MEXCCEX	BybitCEX	3.7%	−2.5%	6.1%	2.5%	2.2%	3.3%	8.9d	cooling	$6.1M		Mx By	calc
BybitCEX	Hyperliquid	0.0%	3.7%	7.3%	12.2%	2.1%	3.1%	10d	cooling	$9.0M	4h/1h	By Hy	calc
BinanceCEX	GateCEX	−2.1%	−2.9%	8.5%	3.0%	2.0%	3.0%	11d	cooling	$724k		Bn Gt	calc
Extended	GateCEX	−1.8%	−3.2%	8.4%	2.7%	3.1%	4.7%	8.7d	cooling	$31k	low OI1h/4h	Ex Gt	calc
MEXCCEX	BitgetCEX	3.7%	−3.6%	5.7%	5.6%	1.5%	2.3%	10d	cooling	$4.3M		Mx Bg	calc
GRVT	Variational	0.0%	2.9%	3.7%	2.1%	1.4%	2.1%	8.8d	weak	$74k	spread not incl.	Gr Va	calc
Extended	Variational	3.9%	1.6%	6.8%	2.6%	5.5%	8.2%	2.7d	steady	$31k	low OI1h/4hspread not incl.	Ex Va	calc
BitgetCEX	Aster	0.0%	5.2%	6.5%	1.4%	1.3%	1.9%	11d	cooling	$88k		Bg As	calc
BybitCEX	Aster	0.0%	4.1%	6.1%	4.5%	1.1%	1.7%	11d	cooling	$88k		By As	calc
BinanceCEX	BybitCEX	3.6%	−2.1%	6.4%	2.9%	1.0%	1.5%	12d	cooling	$10.2M		Bn By	calc
GateCEX	Lighter	5.3%	4.4%	5.5%	5.9%	1.6%	2.5%	9.9d	steady	$182k	4h/1h	Gt Li	calc
Extended	BybitCEX	3.9%	−2.5%	6.3%	2.4%	2.2%	3.2%	9.2d	mixed	$31k	low OI1h/4h	Ex By	calc
Extended	BitgetCEX	3.9%	−3.6%	5.9%	5.6%	1.5%	2.2%	11d	mixed	$31k	low OI1h/4h	Ex Bg	calc
BinanceCEX	BitgetCEX	3.6%	−3.2%	6.0%	6.0%	0.3%	0.4%	13d	cooling	$4.3M		Bn Bg	calc
MEXCCEX	GRVT	3.7%	−1.2%	2.9%	0.6%	−0.5%	−0.8%	17d	weak	$260k		Mx Gr	calc
GRVT	GateCEX	−5.7%	−1.9%	5.3%	2.2%	−0.9%	−1.4%	16d	cooling	$260k		Gr Gt	calc
GateCEX	Hyperliquid	5.7%	4.5%	5.3%	11.9%	−1.0%	−1.5%	17d	steady	$724k	4h/1h	Gt Hy	calc
Aster	Lighter	−0.4%	−0.4%	1.5%	1.7%	−0.6%	−0.9%	19d	mixed	$88k	4h/1h	As Li	calc
Extended	GRVT	3.9%	−1.3%	3.0%	0.5%	−0.6%	−0.9%	17d	weak	$31k	low OI1h/4h	Ex Gr	calc
BinanceCEX	GRVT	3.6%	−0.9%	3.1%	0.4%	−1.8%	−2.7%	22d	weak	$260k		Bn Gr	calc
GRVT	BybitCEX	0.0%	−1.2%	3.3%	1.9%	−1.9%	−2.9%	22d	weak	$260k		Gr By	calc
GateCEX	Aster	5.7%	4.8%	4.0%	4.2%	−2.0%	−2.9%	21d	weak	$88k		Gt As	calc
BitgetCEX	Variational	0.0%	5.2%	0.9%	−3.0%	−2.3%	−3.4%	51d	weak	$74k	spread not incl.	Bg Va	calc
Variational	GateCEX	−5.7%	−4.8%	1.6%	0.1%	−2.3%	−3.5%	34d	weak	$74k	spread not incl.	Va Gt	calc
BybitCEX	Variational	0.0%	4.1%	0.4%	0.1%	−2.4%	−3.7%	93d	weak	$74k	spread not incl.	By Va	calc
GRVT	BitgetCEX	0.0%	−2.3%	2.9%	5.0%	−2.6%	−3.9%	27d	weak	$260k		Gr Bg	calc
Lighter	Hyperliquid	0.4%	0.1%	−0.3%	6.0%	−2.6%	−3.9%	—	weak	$182k		Li Hy	calc
Aster	Hyperliquid	0.0%	−0.4%	1.2%	7.7%	−3.2%	−4.8%	51d	weak	$88k	4h/1h	As Hy	calc
BinanceCEX	MEXCCEX	−0.1%	0.3%	0.3%	0.1%	−3.4%	−5.1%	189d	weak	$6.1M		Bn Mx	calc
Lighter	Aster	0.4%	0.4%	−1.5%	−1.7%	−3.6%	−5.4%	—	weak	$88k	1h/4h	Li As	calc
Hyperliquid	Lighter	−0.4%	−0.1%	0.3%	−6.0%	−2.1%	−3.1%	115d	mixed	$182k		Hy Li	calc
BitgetCEX	GateCEX	−5.7%	0.4%	2.5%	−2.8%	−4.6%	−6.9%	40d	weak	$724k		Bg Gt	calc
BybitCEX	GateCEX	−5.7%	−0.7%	2.0%	0.3%	−4.7%	−7.1%	47d	weak	$724k		By Gt	calc
GateCEX	Variational	5.7%	4.8%	−1.6%	−0.1%	−5.5%	−8.3%	—	weak	$74k	spread not incl.	Gt Va	calc
BitgetCEX	BybitCEX	0.0%	1.1%	0.4%	−3.1%	−5.6%	−8.4%	199d	weak	$4.3M		Bg By	calc
Lighter	Variational	0.4%	0.4%	−7.1%	−6.0%	−7.1%	−10.7%	—	weak	$74k	1h/4hspread not incl.	Li Va	calc
MEXCCEX	BinanceCEX	0.1%	−0.3%	−0.3%	−0.1%	−3.9%	−5.9%	—	mixed	$6.1M		Mx Bn	calc
Extended	MEXCCEX	0.2%	−0.1%	0.2%	−0.1%	−2.2%	−3.2%	180d	mixed	$31k	low OI1h/4h	Ex Mx	calc
GateCEX	BybitCEX	5.7%	0.7%	−2.0%	−0.3%	−8.8%	−13.2%	—	weak	$724k		Gt By	calc
BinanceCEX	Extended	−0.3%	0.4%	0.1%	0.2%	−3.8%	−5.7%	654d	mixed	$31k	low OI4h/1h	Bn Ex	calc
Extended	BinanceCEX	0.3%	−0.4%	−0.1%	−0.2%	−4.0%	−6.0%	—	mixed	$31k	low OI1h/4h	Ex Bn	calc
GateCEX	BitgetCEX	5.7%	−0.4%	−2.5%	2.8%	−9.5%	−14.2%	—	mixed	$724k		Gt Bg	calc
Lighter	BybitCEX	0.4%	−3.7%	−7.6%	−6.2%	−10.4%	−15.7%	—	mixed	$182k	1h/4h	Li By	calc
Lighter	BitgetCEX	0.4%	−4.8%	−8.0%	−3.1%	−11.1%	−16.7%	—	mixed	$182k	1h/4h	Li Bg	calc
GateCEX	GRVT	5.7%	1.9%	−5.3%	−2.2%	−11.6%	−17.4%	—	mixed	$260k		Gt Gr	calc
GateCEX	MEXCCEX	2.0%	3.2%	−8.2%	−2.8%	−13.1%	−19.7%	—	mixed	$724k		Gt Mx	calc
Lighter	GRVT	0.4%	−2.5%	−10.9%	−8.1%	−13.2%	−19.8%	—	mixed	$182k	1h/4h	Li Gr	calc
GateCEX	BinanceCEX	2.1%	2.9%	−8.5%	−3.0%	−15.0%	−22.5%	—	mixed	$724k		Gt Bn	calc
GateCEX	Extended	1.8%	3.2%	−8.4%	−2.7%	−13.6%	−20.3%	—	mixed	$31k	low OI4h/1h	Gt Ex	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 02:32 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

BONK: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	RWA Perp0.003458	MEXC0.000003469	Aster0.00000346382	Bybit0.0000034634	Binance0.00000346199	Gate0.000003461	Bitget0.00000346	Hyperliquid0.00000346	GRVT0.00000345906	Nado0.0000034568	Lighter0.000003455	Extended0.00000345481	Variational0.0000034489
Variational0.0000034489	199.6%	0.581%	0.432%	0.420%	0.379%	0.350%	0.321%	0.321%	0.294%	0.229%	0.177%	0.171%	—
Extended0.00000345481	199.6%	0.410%	0.261%	0.248%	0.208%	0.179%	0.150%	0.150%	0.123%	0.058%	0.006%	—	−0.171%
Lighter0.000003455	199.6%	0.404%	0.255%	0.243%	0.202%	0.174%	0.145%	0.145%	0.117%	0.052%	—	−0.006%	−0.177%
Nado0.0000034568	199.6%	0.352%	0.203%	0.191%	0.150%	0.121%	0.093%	0.093%	0.065%	—	−0.052%	−0.058%	−0.229%
GRVT0.00000345906	199.6%	0.287%	0.138%	0.125%	0.085%	0.056%	0.027%	0.027%	—	−0.065%	−0.117%	−0.123%	−0.294%
Bitget0.00000346	199.6%	0.260%	0.110%	0.098%	0.057%	0.029%	—	0.000%	−0.027%	−0.093%	−0.145%	−0.150%	−0.321%
Hyperliquid0.00000346	199.6%	0.260%	0.110%	0.098%	0.057%	0.029%	0.000%	—	−0.027%	−0.093%	−0.145%	−0.150%	−0.321%
Gate0.000003461	199.6%	0.231%	0.081%	0.069%	0.029%	—	−0.029%	−0.029%	−0.056%	−0.121%	−0.174%	−0.179%	−0.350%
Binance0.00000346199	199.6%	0.202%	0.053%	0.041%	—	−0.029%	−0.057%	−0.057%	−0.085%	−0.150%	−0.202%	−0.208%	−0.379%
Bybit0.0000034634	199.6%	0.162%	0.012%	—	−0.041%	−0.069%	−0.098%	−0.098%	−0.125%	−0.191%	−0.243%	−0.248%	−0.420%
Aster0.00000346382	199.6%	0.149%	—	−0.012%	−0.053%	−0.081%	−0.110%	−0.110%	−0.138%	−0.203%	−0.255%	−0.261%	−0.432%
MEXC0.000003469	199.6%	—	−0.149%	−0.162%	−0.202%	−0.231%	−0.260%	−0.260%	−0.287%	−0.352%	−0.404%	−0.410%	−0.581%
RWA Perp0.003458	—	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%	−199.6%

All quotes (13)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.00000346382	0.00000346382	mark	5m	$27k	no FX
BinanceCEX	0.00000346199	0.00000346199	mark	4m	$14.9M	no FX
BitgetCEX	0.00000346	0.00000346	mark	4m	$839k	no FX
BybitCEX	0.0000034634	0.0000034634	mark	4m	$4.6M	no FX
Extended	0.00000345481	0.00000345481	mark	5m	$3k
GateCEX	0.000003461	0.000003461	mark	4m	$438k	no FX
GRVT	0.00000345906	0.00000345906	mark	5m	$3.9M	no FX
Hyperliquid	0.00000346	0.00000346	mark	5m	$673k
Lighter	0.000003455	0.000003455	mark	5m	$132k
MEXCCEX	0.000003469	0.000003469	mark	3m	$2.7M	no FX
Nado	0.0000034568	0.0000034568	mark	5m	$32k	no FX
RWA Perp	0.003458	0.003458	mark	5m	$26k	≠ asset?
Variational	0.0000034489	0.0000034489	mark	5m	$36k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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