BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4307%/8h= +471.6% APRnext payment +$5.38 per $10,000 · paid last 24h +0.363%

Price spread now: GMX against Injective−8.369%57s7-day average — · you buy dearer than you sell

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

Long on Injective 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—needs both histories

Funding pays, the price is against you. GMX is 8.369% cheaper against Injective than usual: you would sell low and buy high (spread −8.369% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$837 on $10k: about 6.5 days of funding at the current rate (+$129 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

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	1m 50s	$3K	$113	5.5x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.4340%	get 0.0542% / 1h	1m 50s	$562	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −8.369%Rate

Funding earned: $904.37
Price spread: −8.369% → 0.000%: −$836.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.45
Costs to cover: 0.120%
Break-even: 6.6 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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	−0.0456%	1h	0.000003366	+2.810%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003365	+2.779%	$1.0M	$13.9M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003364	+2.749%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003365	+2.776%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003364	+2.764%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERPlong	+0.0033%	1h	0.000003274	long leg	$3K	$113	5.5x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003365	+2.780%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003367	+2.841%	$222K	$334K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003365	+2.795%	$19K	$106K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003365	+2.779%	$65K	$251K	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	0.000003366	+2.810%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003368	+2.875%	$15.3M	$52.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003368	+2.877%	$10.3M	$16.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003364	+2.749%	$2.4M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003364	+2.749%	$719K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003368	+2.871%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003367	+2.838%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003364	+2.749%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003366	+2.810%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003367	+2.841%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003349	+2.292%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003353	+2.413%	$56K	$702K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003370	+2.932%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003365	+2.779%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003369	+2.902%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003364	+2.744%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003364	+2.749%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.4340%	1h	0.000003000	−8.369%	$562	—	100x
Deribit 1000BONK_USDC-PERPETUAL	+0.0344%	1h	0.000003367	+2.841%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.1147%	1h	0.000003370	+2.932%	$10.0M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1453%	1h	0.000003373	+3.020%	$206K	$153K	50x	as long as short