BONK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Coinbase International1000BONK-PERP-INTX	0.000003786	+0.5696	pay 0.0712% / 1h	29m 48s	$80K	$65K	50x	Long Coinbase International
SHORT	PhoenixkBONK	0.000003703	−0.0325	pay 0.0041% / 1h	29m 48s	$108K	$180K	10x	Short Phoenix

Price gap−2.192%72s

Funding gap−0.6021% /8h

Both sides work against this direction now: funding costs $181 a day on $10k and the gap is 2.192% under zero (no 7-day history yet). Swap the legs.

The two prices were read 72 s apart: part of this gap may be the market moving.

If you open now and hold

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

Funding—−0.6021% /8h now · no funding history yet

Price—spread −2.192%72s now · prices read too far apart to compare

Costsno datano order book for Coinbase International

Result, before costs—no pointsneeds funding history

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 Coinbase Internationalnow

RANGE STATS · 7D

Now−2.192%

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

1 ok · 3 to watch

Note: Order book unknown—
No order-book sample for Coinbase International: its slippage is not counted.
Note: Margin at max leverage$200 + $1,000
Coinbase International 50x, 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: −$180.63Long Coinbase International: 24 payments, −$170.88; short Phoenix: 24 payments, −$9.75.
Watch: Prices read 72 s apart−2.192% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$80K vs $108K OI
Coinbase International sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCCoinbase International Yes · Phoenix No
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earnedno history yet: current rate−$1,264.43

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Coinbase International—

Fee Coinbase International bp × 2 orders−$10.00

Fee Phoenix bp × 2 orders−$7.00

Net, fees only · 7 days · $10k−$1,281.43

price spread not counted: prices read too far apart

Costs to cover0.170%Break-evennever at this rate

Slippage: Coinbase International: no order-book sample; Phoenix: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGCoinbase International—————

SELL · SHORTPhoenix5.4033.4 bp−$33116.0 bp−$1,160doesn’t fitdoesn’t fit

Closing costs about the same again.
Coinbase International: no data.

BONK news

posts that mention BONK, from every exchangeSearch all news →

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 ↗