BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0517%/8h= −56.6% APRnext payment −$0.65 per $10,000 · paid last 24h +9.678%

Price spread now: Coinbase International against GMX+13.233%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 Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 13.233% dearer against GMX than usual: you sell high and buy low (spread +13.233% now, against zero (this spread has no 7-day history yet)): +$1,323 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0197% / S −0.4340%	pay 0.0025% / 1h	27m 06s	$568	—	100x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003397	−0.0320	pay 0.0040% / 1h	27m 06s	$43K	$22K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +13.233%Rate

Funding earned: −$108.47
Price spread: +13.233% → 0.000%: $1,323.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1,192.87
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: 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 Coinbase International no order-book sample	—	—	—	—	—

GMX and Coinbase International: 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-INTXshort	−0.0320%	1h	0.000003397	+13.233%	$43K	$22K	50x
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003399	+13.300%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0041%	4h	0.000003400	+13.333%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003401	+13.357%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003391	+13.029%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	+9.133%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003402	+13.400%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003396	+13.213%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003400	+13.333%	$201K	$289K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003395	+13.183%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003393	+13.095%	$65K	$252K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003388	+12.933%	$115K	$117K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003399	+13.316%	$15.3M	$50.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003400	+13.330%	$10.4M	$16.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003402	+13.400%	$2.5M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003396	+13.200%	$748K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003399	+13.300%	$10.3M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003399	+13.300%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003406	+13.533%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003398	+13.267%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003403	+13.433%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003353	+11.778%	$302K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003361	+12.033%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003403	+13.433%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003398	+13.267%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+13.000%	$79K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003409	+13.621%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	+13.333%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0197% / S −0.4340%	1h	0.000003000	long leg	$568	—	100x
Hyperliquid kBONK	+0.0734%	1h	0.000003406	+13.533%	$10.0M	$7.0M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1128%	1h	0.000003405	+13.517%	$207K	$158K	50x	as long as short