BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.001%

Price spread now: Injective against gTrade (Gains Network)−6.178%55s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Injective

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. Injective is 6.178% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −6.178% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$618 on $10k: about 21 months of funding at the current rate (+$1 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BONK/USD	0.000003490	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	4m 13s	$24	—	150x
Short	Injective BONK/USDC PERP	0.000003274	0.0033	get 0.0004% / 1h	4m 13s	$3K	$113	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now −6.178%Rate

Funding earned: $6.88
Price spread: −6.178% → 0.000%: −$617.84
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$620.97
Costs to cover: 0.100%
Break-even: 638.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Injective: 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	−0.0024%	1h	0.000003491	+0.040%	$45K	$84K	50x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003490	long leg	$24	—	150x
Injective BONK/USDC PERPshort	+0.0033%	1h	0.000003274	−6.178%	$3K	$113	5.5x
BloFin 1000BONK-USDT	+0.0064%	4h	0.000003489	−0.017%	$1.1M	$20.0M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003487	−0.077%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003488	−0.060%	$64K	$141K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003495	+0.155%	$48K	$291K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003488	−0.046%	$116K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.097%	$18.0M	$91.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003490	+0.017%	$12.4M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003490	+0.011%	$3.1M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003486	−0.103%	$923K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003493	+0.097%	$11.4M	$10.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003493	+0.086%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003490	+0.011%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003491	+0.040%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003489	−0.019%	$340K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003491	+0.040%	$59K	$697K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003490	+0.011%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003498	+0.241%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003494	+0.126%	$3K	$8K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003493	+0.097%	$100K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003490	+0.014%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003490	+0.011%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.030%	$532	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003496	+0.183%	$245K	$775K	10x	as long as short
dYdX BONK-USD	+0.0516%	1h	0.000003488	−0.034%	$13K	$10K	10x	as long as short
Hyperliquid kBONK	+0.0576%	1h	0.000003491	+0.040%	$11.9M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0609%	1h	0.000003494	+0.126%	$24K	$162K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1612%	1h	0.000003500	+0.298%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2968%	1h	0.000003498	+0.241%	$178K	$272K	50x	as long as short