BONK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Deribit1000BONK_USDC-PERPETUAL	0.000002794	−0.0108	get 0.0013% / 1h	52m 32s	$39K	$110K	10x	Long Deribit
SHORT	GRVTKBONK_USDT_Perp	0.000002790	−0.0250	pay 0.0125% / 4h	3h 52m	$210K	$4.0M	10x	Short GRVT

Price gap−0.143%62s

Funding gap−0.0142% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.143% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

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

Funding+$15−0.0142% /8h now · paid +0.150% over the last 7D

Price—spread −0.143%62s now · prices read too far apart to compare

Costsno datano order book for Deribit

Result, before costs—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.143%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BONK on 32 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Note: Order book unknown—
No order-book sample for Deribit: its slippage is not counted.
Note: Margin at max leverage$1,000 + $1,000
Deribit 10x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$4.27Long Deribit: 24 payments, +$3.23; short GRVT: 6 payments, −$7.50.
Watch: Prices read 62 s apart−0.143% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$39K vs $210K OI
Deribit sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCDeribit Yes · GRVT No
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0072%/8h × 21 periods+$15.04

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Deribit—

Fee Deribit bp × 2 orders−$7.00

Fee GRVT bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$0.96

price spread not counted: prices read too far apart

Costs to cover0.160%Break-even7.4 days

Slippage: Deribit: no order-book sample; GRVT: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit—————

SELL · SHORTGRVT3.5818.1 bp−$1843.6 bp−$436doesn’t fitdoesn’t fit

Closing costs about the same again.
Deribit: no data.

BONK news

posts that mention BONK, from every exchangeSearch all news →

10-29 01:05	MEXC	Listing	1000BONK_USDC 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 ↗