BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.3974%/8h= +435.1% APRnext payment +$4.97 per $10,000 · paid last 24h +0.885%

Price spread now: GMX against Coinbase International−14.724%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 14.724% cheaper against Coinbase International than usual: you would sell low and buy high (spread −14.724% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,472 on $10k: about 12 days of funding at the current rate (+$119 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003518	−0.0024	get 0.0003% / 1h	57m 45s	$42K	$68K	50x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.3950%	get 0.0494% / 1h	57m 45s	$539	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −14.724%Rate

Funding earned: $834.49
Price spread: −14.724% → 0.000%: −$1,472.43
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$659.94
Costs to cover: 0.220%
Break-even: 12.5 days

Slippage unknown: Coinbase International: no order-book sample; GMX: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Coinbase International and GMX: 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-INTXlong	−0.0024%	1h	0.000003518	long leg	$42K	$68K	50x
dYdX BONK-USD	0.0000%	1h	0.000003528	+0.298%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003520	+0.063%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.936%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003524	+0.171%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003520	+0.060%	$58K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003530	+0.341%	$118K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003517	−0.022%	$18.5M	$88.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003520	+0.045%	$12.4M	$27.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003522	+0.114%	$3.0M	$15.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDT	+0.0100%	4h	0.000003513	−0.142%	$940K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003514	−0.114%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003514	−0.122%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003517	−0.028%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003515	−0.085%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003525	+0.200%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003522	+0.114%	$59K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003527	+0.270%	$69K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003521	+0.085%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003526	+0.227%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003523	+0.142%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003532	+0.398%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003518	−0.011%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003520	+0.057%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0107%	4h	0.000003526	+0.227%	$1.1M	$20.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.3950%	1h	0.000003000	−14.724%	$539	—	100x
Lighter 1000BONK	+0.0216%	1h	0.000003522	+0.114%	$246K	$756K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0602%	1h	0.000003524	+0.171%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0658%	1h	0.000003527	+0.256%	$12.1M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2116%	1h	0.000003526	+0.227%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2944%	1h	0.000003527	+0.253%	$180K	$275K	50x	as long as short