KBONK Funding Rate — live across 4 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized KBONK perpetual funding across all 4 venues Perpia tracks. Right now KBONK funding is positive on 2 and negative on 2, ranging from +10.9% on Nado to -80.3% on BackPack — a spread of 91.3%. The widest delta-neutral trade is long BackPack / short Nado at 86.5% net APR.
KBONK funding rate by venue
5 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Nado | +10.9% | 24h |
| Pacifica | +10.9% | 1h |
| Hyperliquid | -5.5% | 1h |
| BackPack | -80.3% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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KBONK funding — FAQ
Is KBONK funding positive right now?
KBONK perpetual funding is positive on 2 of 4 venues Perpia tracks and negative on 2. The highest is +10.9% on Nado; the lowest is -80.3% on BackPack.
What is the best KBONK funding arbitrage right now?
Go long BackPack and short Nado for about 86.5% net APR after fees — the widest delta-neutral KBONK spread Perpia currently sees.
Which exchange has the highest KBONK funding rate?
Nado, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How KBONK funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.