BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0369%/8h= −40.4% APRnext payment −$0.46 per $10,000 · paid last 24h −0.147%

Price spread now: Coinbase International against Injective+2.902%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 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 2.902% dearer against Injective than usual: you sell high and buy low (spread +2.902% now, against zero (this spread has no 7-day history yet)): +$290 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BONK/USDC PERP	0.000003274	0.0033	pay 0.0004% / 1h	27m 10s	$3K	$113	5.5x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003369	−0.0336	pay 0.0042% / 1h	27m 10s	$43K	$26K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +2.902%Rate

Funding earned: −$77.56
Price spread: +2.902% → 0.000%: $290.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $202.58
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Injective 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 30 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	−0.0336%	1h	0.000003369	+2.902%	$43K	$26K	50x
Orderly PERP_1000BONK_USDC	−0.0007%	4h	0.000003451	+5.406%	$30K	$59K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003449	+5.357%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003453	+5.455%	$24	—	150x	as long as short
Injective BONK/USDC PERPlong	+0.0033%	1h	0.000003274	long leg	$3K	$113	5.5x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003455	+5.527%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003455	+5.544%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003456	+5.561%	$67K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003451	+5.406%	$115K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003453	+5.464%	$16.2M	$56.5M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003451	+5.406%	$11.0M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003454	+5.498%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003449	+5.345%	$761K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003452	+5.437%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003453	+5.467%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003451	+5.406%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003452	+5.437%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003437	+4.993%	$313K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003439	+5.040%	$58K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003460	+5.681%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003453	+5.467%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003440	+5.070%	$97K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003454	+5.501%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003450	+5.376%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0120%	1h	0.000003456	+5.559%	$233K	$671K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−8.369%	$577	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0329%	1h	0.000003453	+5.467%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0378%	1h	0.000003455	+5.528%	$31K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0980%	1h	0.000003460	+5.681%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2034%	1h	0.000003464	+5.809%	$216K	$165K	50x	as long as short