Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

BONK

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
MEXC1000BONK_USDT
0.000003631+0.0100pay 0.0050% / 4h1h 52m$8.8M$5.7M125xLong MEXC
SHORT
PhoenixkBONK
0.000003633−0.0156pay 0.0019% / 1h52m 41s$114K$192K10xShort Phoenix
Price gap+0.055%47s
Funding gap−0.0256% /8h

Funding costs $8 a day on $10k at the current rate. Swap the legs.

The two prices were read 47 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$74−0.0256% /8h now · paid −0.741% over the last 6 days (all we have)
Price—spread +0.055%47s now · prices read too far apart to compare
Costs−$650.653% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phoenix price against MEXCnow
RANGE STATS · 7D
Now+0.055%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BONK on 31 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size6.0 / 27.5 bp
    At $10k entering Phoenix costs 27.5 bp, fee and slippage, 4.6× MEXC’s.
  • Note: Margin at max leverage$80 + $1,000
    MEXC 125x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$7.68Long MEXC: 6 payments, −$3.00; short Phoenix: 24 payments, −$4.68.
  • Watch: Prices read 47 s apart+0.055% vs +0.040%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$114K vs $8.8M OI
    Phoenix sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCMEXC Yes · Phoenix No
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0406%/8h × 21 periods−$85.17
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$58.33
Fee MEXC bp × 2 orders$0.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$150.51
price spread not counted: prices read too far apart
Costs to cover0.653%Break-evennever at this rate
Slippage: MEXC: live order book, 10 min ago; Phoenix: live order book, 45 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGMEXC1.406.0 bp−$611.7 bp−$11771.2 bp−$7,124135.0 bp−$67.5K
SELL · SHORTPhoenix2.7927.5 bp−$2795.8 bp−$958doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

BONK news

posts that mention BONK, from every exchangeSearch all news →
09-24 20:40PhoenixListingNow live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗
09-24 15:00PhoenixListingnew market kBONK ($BONK) seen by our collector
09-22 07:03ApeX OmniOther59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗