BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2278%/8h= +249.4% APRnext payment +$2.85 per $10,000 · paid last 24h +1.244%

Price spread now: Kraken Futures against GMX+13.531%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 Kraken Futures

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 +$68 a day on $10k at the current rate, and Kraken Futures is 13.531% dearer against GMX than usual: you sell high and buy low: +$1,353 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 +0.0197% / S −0.4340%	pay 0.0025% / 1h	21m 25s	$569	—	100x
Short	Kraken Futures PF_BONKUSD	0.000003406	0.2475	get 0.0309% / 1h	21m 25s	$220K	$177K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +13.531%Rate

Funding earned: $478.39
Price spread: +13.531% → 0.000%: $1,353.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,809.52
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 36 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 Kraken Futures live order book, 36 min ago	26.71 bp	34.7 bp −$35	73.5 bp −$735	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	−0.0320%	1h	0.000003399	+13.300%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003405	+13.512%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003401	+13.367%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003401	+13.370%	$23	—	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	+0.0075%	4h	0.000003404	+13.467%	$29K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003399	+13.314%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0093%	4h	0.000003412	+13.733%	$964K	$15.4M	75x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003408	+13.600%	$223K	$672K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003399	+13.300%	$31K	$101K	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	0.000003406	+13.537%	$79K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003405	+13.500%	$113K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003407	+13.557%	$16.5M	$59.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003406	+13.533%	$10.8M	$18.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003401	+13.367%	$2.5M	$9.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003401	+13.367%	$814K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003407	+13.567%	$9.0M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003401	+13.353%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003394	+13.133%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003400	+13.333%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003423	+14.096%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003427	+14.233%	$58K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	+13.800%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003398	+13.267%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003415	+13.833%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003395	+13.153%	$22K	$4K	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	$569	—	100x
Backpack kBONK_USDC_PERP	+0.0324%	1h	0.000003408	+13.600%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0760%	1h	0.000003407	+13.567%	$10.0M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.2475%	1h	0.000003406	+13.531%	$220K	$177K	50x