BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0208%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.088%

Price spread now: SoDEX against Deribit−0.028%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.028% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003588	0.0308	pay 0.0038% / 1h	11m 53s	$9K	$134K	10x
Short	SoDEX 1000BONK-USD	0.000003587	0.0100	get 0.0013% / 1h	11m 53s	$2K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$43.62
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$61.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; SoDEX: 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 Deribit live order book, 2 min ago	8.39 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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-INTX	−0.0136%	1h	0.000003584	−0.111%	$44K	$49K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003591	+0.093%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003585	−0.081%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.751%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003591	+0.081%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0084%	4h	0.000003584	−0.111%	$1.1M	$18.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0099%	4h	0.000003586	−0.056%	$31K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003593	+0.153%	$47K	$115K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003602	+0.390%	$60K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003595	+0.195%	$121K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003604	+0.448%	$18.5M	$73.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003604	+0.438%	$12.1M	$22.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003612	+0.669%	$2.8M	$12.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003598	+0.279%	$967K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003599	+0.307%	$11.4M	$8.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003597	+0.262%	$3.1M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003605	+0.474%	$4.6M	$4.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003608	+0.557%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003548	−1.103%	$330K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003534	−1.505%	$60K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003591	+0.084%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USDshort	+0.0100%	1h	0.000003587	−0.028%	$2K	$7K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003591	+0.084%	$102K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003600	+0.348%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003586	−0.056%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0176%	1h	0.000003591	+0.084%	$251K	$724K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.388%	$396	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	+0.0308%	1h	0.000003588	long leg	$9K	$134K	10x
Hyperliquid kBONK	+0.1547%	1h	0.000003617	+0.808%	$12.0M	$6.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1634%	1h	0.000003597	+0.251%	$47K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2585%	1h	0.000003598	+0.267%	$221K	$218K	50x	as long as short