BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.025%

Price spread now: Reya against gTrade (Gains Network)+0.114%56s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.114% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	0.000003400	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	44m 28s	$23	—	150x
Short	Reya kBONKRUSDPERP	0.000003403	0.0083	get 0.0010% / 1h	44m 28s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.114%Rate

Funding earned: $17.28
Price spread: +0.114% → 0.000%: $11.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.7
Costs to cover: 0.160%
Break-even: 1.9 days

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

gTrade (Gains Network) and Reya: 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	−0.0336%	1h	0.000003390	−0.282%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003414	+0.424%	$939K	$14.9M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0044%	1h	0.000003397	−0.076%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0024%	4h	0.000003397	−0.076%	$29K	$49K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003400	+0.012%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003400	long leg	$23	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.695%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003403	+0.114%	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003404	+0.129%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003401	+0.039%	$65K	$253K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003401	+0.041%	$113K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003403	+0.091%	$16.0M	$55.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003402	+0.071%	$10.7M	$17.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003409	+0.277%	$2.5M	$8.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003398	−0.047%	$740K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003400	+0.012%	$9.6M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003400	+0.026%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003401	+0.041%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003402	+0.071%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003402	+0.084%	$310K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003404	+0.129%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003398	−0.047%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003402	+0.071%	$96K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003404	+0.118%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003398	−0.047%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.754%	$568	—	100x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003405	+0.159%	$384K	$511K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0360%	1h	0.000003413	+0.394%	$57K	$713K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.0423%	1h	0.000003403	+0.100%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0897%	1h	0.000003407	+0.218%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2069%	1h	0.000003406	+0.176%	$212K	$165K	50x	as long as short