BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1875%/8h= +205.4% APRnext payment +$2.34 per $10,000 · paid last 24h +0.434%

Price spread now: GMX against Kraken Futures−12.281%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 12.281% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −12.281% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,228 on $10k: about 22 days of funding at the current rate (+$56 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BONKUSD	0.000003420	0.2465	pay 0.0308% / 1h	22m 18s	$221K	$177K	50x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0197% / S −0.4340%	get 0.0542% / 1h	22m 18s	$569	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −12.281%Rate

Funding earned: $393.83
Price spread: −12.281% → 0.000%: −$1,228.1
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$856.27
Costs to cover: 0.220%
Break-even: 22.2 days

Slippage unknown: Kraken Futures: live order book, 35 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 Kraken Futures live order book, 35 min ago	26.71 bp	45.9 bp −$46	150.9 bp −$1,509	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	0.000003410	−0.293%	$43K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003410	−0.282%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003410	−0.290%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.269%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003408	−0.351%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0074%	4h	0.000003405	−0.439%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003411	−0.266%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0093%	4h	0.000003412	−0.234%	$964K	$15.4M	75x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003411	−0.263%	$223K	$672K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003414	−0.176%	$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	0.000003415	−0.156%	$79K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003412	−0.234%	$114K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003408	−0.351%	$16.5M	$59.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003403	−0.497%	$10.8M	$18.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003403	−0.497%	$2.5M	$9.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003412	−0.234%	$817K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003413	−0.205%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003411	−0.252%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003406	−0.410%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003411	−0.263%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003423	+0.084%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003427	+0.204%	$58K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003422	+0.058%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003409	−0.322%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003415	−0.146%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003409	−0.318%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	−0.468%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0197% / S −0.4340%	1h	0.000003000	−12.281%	$569	—	100x
Backpack kBONK_USDC_PERP	+0.0328%	1h	0.000003411	−0.263%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0762%	1h	0.000003418	−0.059%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.2465%	1h	0.000003420	long leg	$221K	$177K	50x