BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.071%

Price spread now: Orderly against MEXC+0.507%57s7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.437%−$44 on $10k

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. Orderly is 0.507% dearer against MEXC than usual: you sell high and buy low (spread +0.507% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.437% in total) that is about 8.1 days. 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	MEXC 1000BONK_USDT	0.000003547	0.0100	pay 0.0050% / 4h	3h 02m	$9.8M	$7.9M	125x
Short	Orderly PERP_1000BONK_USDC	0.000003565	0.0081	get 0.0040% / 4h	3h 02m	$31K	$53K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. 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 MEXCbpFee OrderlybpOrdersPrice spread, now +0.507%Rate

Funding earned: −$4.04
Price spread: +0.507% → 0.000%: $50.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $40.71
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: MEXC: live order book, 6 min ago; Orderly: 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 MEXC live order book, 6 min ago	4.18 bp	7.5 bp −$8	14.2 bp −$142	71.0 bp −$7,102	124.8 bp −$62.4K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0312%	1h	0.000003553	+0.169%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003539	−0.214%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003542	−0.149%	$24	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0031%	1h	0.000003562	+0.423%	$9K	$133K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.697%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDCshort	+0.0081%	4h	0.000003565	+0.507%	$31K	$53K	20x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003546	−0.016%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003544	−0.085%	$43K	$111K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003541	−0.169%	$67K	$290K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003542	−0.141%	$122K	$113K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003546	−0.042%	$17.9M	$67.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003546	−0.028%	$11.7M	$21.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003546	−0.028%	$2.6M	$10.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003534	−0.367%	$920K	$2.9M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003547	long leg	$9.8M	$7.9M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003545	−0.056%	$3.0M	$10.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003543	−0.113%	$4.5M	$3.6M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003546	−0.028%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003590	+1.209%	$333K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003591	+1.240%	$60K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003564	+0.479%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003560	+0.367%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003561	+0.395%	$101K	$127K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003534	−0.378%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003563	+0.451%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0158%	4h	0.000003564	+0.479%	$1.0M	$17.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.421%	$390	—	100x	as long as short
Lighter 1000BONK	+0.0224%	1h	0.000003550	+0.085%	$247K	$700K	10x	as long as short
Hyperliquid kBONK	+0.1070%	1h	0.000003555	+0.226%	$11.7M	$6.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1557%	1h	0.000003562	+0.423%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2355%	1h	0.000003566	+0.529%	$227K	$202K	50x	as long as short