BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0417%/8h= +45.7% APRnext payment +$0.52 per $10,000 · paid last 24h +3.637%

Price spread now: Hyperliquid against GMX+12.667%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 Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 12.667% dearer against GMX than usual: you sell high and buy low: +$1,267 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 +0.0196% / S −0.4340%	pay 0.0025% / 1h	18m 39s	$566	—	100x
Short	Hyperliquid kBONK	0.000003380	0.0614	get 0.0077% / 1h	18m 39s	$9.6M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +12.667%Rate

Funding earned: $87.63
Price spread: +12.667% → 0.000%: $1,266.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1,333.3
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 min ago. 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 Hyperliquid live order book, 4 min ago	1.47 bp	14.7 bp −$15	28.4 bp −$284	doesn't fit	doesn't fit

GMX: 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	−0.0376%	1h	0.000003382	+12.733%	$44K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003374	+12.467%	$1.0M	$14.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0045%	4h	0.000003387	+12.900%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003388	+12.943%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003371	+12.378%	$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	+0.0046%	1h	0.000003384	+12.800%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003388	+12.933%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003385	+12.850%	$18K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003382	+12.744%	$65K	$262K	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	0.000003374	+12.467%	$114K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	+12.400%	$15.4M	$52.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003372	+12.413%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003377	+12.567%	$2.5M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003378	+12.600%	$729K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003371	+12.367%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003374	+12.467%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003373	+12.433%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003373	+12.433%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003384	+12.798%	$304K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003385	+12.833%	$57K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003389	+12.967%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003374	+12.467%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+13.000%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003372	+12.409%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003388	+12.933%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0196% / S −0.4340%	1h	0.000003000	long leg	$566	—	100x
Lighter 1000BONK	+0.0312%	1h	0.000003380	+12.667%	$320K	$441K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0325%	1h	0.000003380	+12.667%	$30K	$7K	10x	as long as short
Hyperliquid kBONKshort	+0.0614%	1h	0.000003380	+12.667%	$9.6M	$7.4M	10x
Kraken Futures PF_BONKUSD	+0.1473%	1h	0.000003382	+12.725%	$211K	$165K	50x	as long as short