BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3598%/8h= +393.9% APRnext payment +$4.50 per $10,000 · paid last 24h +0.124%

Price spread now: GMX against Hyperliquid−11.868%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 11.868% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −11.868% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,187 on $10k: about 11 days of funding at the current rate (+$108 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kBONK	0.000003404	0.0742	pay 0.0093% / 1h	55m 58s	$10.1M	$6.9M	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.4340%	get 0.0542% / 1h	55m 58s	$567	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −11.868%Rate

Funding earned: $755.51
Price spread: −11.868% → 0.000%: −$1,186.84
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$452.33
Costs to cover: 0.210%
Break-even: 11.2 days

Slippage unknown: Hyperliquid: live order book, 7 min ago; GMX: 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 Hyperliquid live order book, 7 min ago	1.47 bp	11.6 bp −$12	28.9 bp −$289	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.000003386	−0.529%	$43K	$20K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003392	−0.353%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0041%	4h	0.000003397	−0.206%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003397	−0.203%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003400	−0.119%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003398	−0.176%	$11K	$100K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.819%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003395	−0.277%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003400	−0.118%	$203K	$282K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003394	−0.279%	$20K	$104K	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	0.000003394	−0.289%	$67K	$252K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003399	−0.147%	$117K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003399	−0.161%	$15.4M	$49.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003395	−0.264%	$10.3M	$16.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003396	−0.235%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003396	−0.235%	$753K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003392	−0.353%	$9.9M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003396	−0.235%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003395	−0.264%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003396	−0.235%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003397	−0.206%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003404	−0.013%	$306K	$106K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003407	+0.088%	$58K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003402	−0.059%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	−0.206%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003406	+0.059%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003396	−0.232%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	−0.235%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.4340%	1h	0.000003000	−11.868%	$567	—	100x
Hyperliquid kBONKlong	+0.0742%	1h	0.000003404	long leg	$10.1M	$6.9M	10x
Kraken Futures PF_BONKUSD	+0.1129%	1h	0.000003404	−0.004%	$207K	$183K	50x	as long as short