BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1319%/8h= +144.5% APRnext payment +$1.65 per $10,000 · paid last 24h +0.865%

Price spread now: Backpack against GMX+19.800%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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 for this trade now. Funding pays +$40 a day on $10k at the current rate, and Backpack is 19.800% dearer against GMX than usual: you sell high and buy low: +$1,980 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0194% / S −0.2801%	pay 0.0024% / 1h	13m 02s	$395	—	100x
Short	Backpack kBONK_USDC_PERP	0.000003594	0.1514	get 0.0189% / 1h	13m 02s	$49K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +19.800%Rate

Funding earned: $277.08
Price spread: +19.800% → 0.000%: $1,980
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $2,235.08
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Backpack: 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

GMX and Backpack: 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	−0.0312%	1h	0.000003581	+19.367%	$45K	$42K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003580	+19.333%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003581	+19.383%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	+9.133%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003581	+19.367%	$31K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003578	+19.264%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0088%	4h	0.000003580	+19.333%	$1.0M	$17.1M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003576	+19.200%	$43K	$110K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003585	+19.500%	$83K	$259K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003581	+19.367%	$122K	$110K	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	0.000003593	+19.767%	$18.1M	$65.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003582	+19.403%	$11.7M	$20.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003587	+19.567%	$2.7M	$10.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003583	+19.433%	$904K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003587	+19.567%	$10.0M	$7.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003590	+19.667%	$3.1M	$10.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003585	+19.500%	$4.6M	$3.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003590	+19.667%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003540	+18.013%	$328K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003531	+17.700%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003593	+19.767%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003588	+19.600%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003590	+19.667%	$102K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003584	+19.482%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003580	+19.333%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003589	+19.633%	$250K	$695K	10x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0194% / S −0.2801%	1h	0.000003000	long leg	$395	—	100x
Deribit 1000BONK_USDC-PERPETUAL	+0.0587%	1h	0.000003587	+19.567%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0937%	1h	0.000003595	+19.833%	$11.9M	$5.8M	10x	as long as short
Backpack kBONK_USDC_PERPshort	+0.1514%	1h	0.000003594	+19.800%	$49K	$16K	10x
Kraken Futures PF_BONKUSD	+0.2336%	1h	0.000003595	+19.830%	$229K	$176K	50x	as long as short