BONK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ApeX Omni1000BONKUSDT	0.000003764	+0.0100	pay 0.0013% / 1h	4m 16s	$63K	$609K	25x	Long ApeX Omni5% off
SHORT	PhoenixkBONK	0.000003745	+0.0042	get 0.0005% / 1h	4m 16s	$118K	$194K	10x	Short Phoenix

Price gap−0.505%

Funding gap−0.0058% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.528% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$77−0.0058% /8h now · paid −0.768% over the last 7D

Price−$53spread −0.505% now, avg +0.023% → −0.528% if it goes back

Costs−$860.864% of $10k · taker + slippage, in and out

Result−$216−2.16%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phoenix price against ApeX Omninow

RANGE STATS · 7D

Now−0.505%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BONK on 31 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size17.1 / 26.2 bp
At $10k entering Phoenix costs 26.2 bp, fee and slippage, 1.5× ApeX Omni’s.
Note: Margin at max leverage$400 + $1,000
ApeX Omni 25x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.74Long ApeX Omni: 24 payments, −$3.00; short Phoenix: 24 payments, +$1.26.
Watch: Gap narrower than usual−0.505% vs +0.023%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$63K vs $118K OI
ApeX Omni sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legApeX Omni No · Phoenix No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0386%/8h × 21 periods−$81.15

Price spread−0.505% → +0.023% (7d avg)−$52.82

Slippage, 4 orderslive order books−$69.40

Fee ApeX Omni bp × 2 orders−$10.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$220.38

Costs to cover0.864%Break-evennever at this rate

Slippage: ApeX Omni: live order book, 14 min ago; Phoenix: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGApeX Omni9.3517.1 bp−$1788.8 bp−$888doesn’t fitdoesn’t fit

SELL · SHORTPhoenix2.6426.2 bp−$2686.8 bp−$868doesn’t fitdoesn’t fit

Closing costs about the same again.

BONK news

posts that mention BONK, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	kBONKRUSDPERP no longer reported ($BONK) seen by our collector
09-24 20:40	Phoenix	Listing	Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kBONK ($BONK) seen by our collector
09-22 07:03	ApeX Omni	Other	59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗