BONK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTKBONK_USDT_Perp	0.000002752	−0.0338	get 0.0169% / 4h	2h 57m	$207K	$4.1M	10x	Long GRVT
SHORT	Deribit1000BONK_USDC-PERPETUAL	0.000002761	−0.0112	pay 0.0014% / 1h	57m 46s	$38K	$130K	10x	Short Deribit

Price gap+0.331%

Funding gap+0.0226% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.331% above zero (no 7-day history yet): +$33 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$15+0.0226% /8h now · paid −0.150% over the last 7D

Price—spread +0.331% now · no price history on both exchanges yet

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs—+ Points / potential airdropGRVT: points · farm boardneeds both price histories

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.150% in total, about −0.0072%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.331%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BONK on 32 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Deribit’s order book right now.
Note: Margin at max leverage$1,000 + $1,000
GRVT 10x, Deribit 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$6.78Long GRVT: 6 payments, +$10.14; short Deribit: 24 payments, −$3.36.
Note: No 7-day spread history+0.331%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$38K vs $207K OI
Deribit sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCGRVT No · Deribit Yes
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0072%/8h × 21 periods−$15.04

Price spread+0.331% → 0+$33.11

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee GRVT bp × 2 orders−$9.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: GRVT: live order book, 5 min ago; Deribit: live order book, 54 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGRVT5.4719.2 bp−$1950.5 bp−$505doesn’t fitdoesn’t fit

SELL · SHORTDeribit10.74doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

BONK news

posts that mention BONK, from every exchangeSearch all news →

10-29 01:05	MEXC	Listing	1000BONK_USDC no longer reported ($BONK) seen by our collector
09-24 20:40	Phoenix	Listing	Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kBONK ($BONK) seen by our collector
09-22 07:03	ApeX Omni	Other	59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗