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
NadokBONK-PERP
0.000003819+0.0006pay 0.0001% / 1h16m 51s$145K$120K10xLong Nado20% off
SHORT
PhoenixkBONK
0.000003815+0.0143get 0.0018% / 1h16m 51s$126K$164K10xShort Phoenix
Price gap−0.118%
Funding gap+0.0137% /8h

Funding pays +$4 a day on $10k, but the gap is 0.167% under its 7d average: −$17 if it goes back, about 4.1 days of funding.

Funding on this pair cost 0.279% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$28+0.0137% /8h now · paid −0.279% over the last 7D
Price−$17spread −0.118% now, avg +0.049% → −0.167% if it goes back
Costs−$920.917% of $10k · taker + slippage, in and out
Result−$136−1.36%+ Points / potential airdropNado: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.118%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

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

3 ok · 3 to watch
  • Watch: Thin at this size15.8 / 29.4 bp
    At $10k entering Phoenix costs 29.4 bp, fee and slippage, 1.9× Nado’s.
  • Note: Margin at max leverage$1,000 + $1,000
    Nado 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$4.12Long Nado: 24 payments, −$0.17; short Phoenix: 24 payments, +$4.29.
  • Watch: Gap narrower than usual−0.118% vs +0.049%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$126K vs $145K OI
    Phoenix sets your exit cost. Check its book before closing.
  • OK: Points on a legNado points
    Volume here counts toward the points program.
  • OK: No KYC on either legNado No · Phoenix No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0134%/8h × 21 periods−$28.11
Price spread−0.118% → +0.049% (7d avg)−$16.71
Slippage, 4 orderslive order books−$77.75
Fee Nado bp × 2 orders−$7.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$136.56
Costs to cover0.917%Break-evennever at this rate
Slippage: Nado: live order book, 44 min ago; Phoenix: live order book, 37 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGNado2.5615.8 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.5429.4 bp−$29101.1 bp−$1,011doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

BONK news

posts that mention BONK, from every exchangeSearch all news →
09-30 01:05ReyaListingkBONKRUSDPERP no longer reported ($BONK) seen by our collector
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 ↗