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
PhoenixkBONK
0.000003717−0.0315get 0.0039% / 1h10m 01s$102K$89K10xLong Phoenix
SHORT
BingX1000BONK-USDC
0.000003724+0.0100get 0.0050% / 4h10m 01s—$6.5M—Short BingX
Price gap+0.188%79s
Funding gap+0.0415% /8h

Both sides work: funding pays +$12 a day on $10k, and the gap is 0.188% above zero (no 7-day history yet): +$19 more if it goes back.

The two prices were read 79 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—+0.0415% /8h now · no funding history yet
Price—spread +0.188%79s now · prices read too far apart to compare
Costs−$970.970% of $10k · taker + slippage, in and out
Result—no pointsneeds funding history

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

BingX price against Phoenixnow
RANGE STATS · 7D
Now+0.188%
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 · 4 to watch
  • Watch: Thin at this size26.0 / 20.4 bp
    At $10k entering Phoenix costs 26.0 bp, fee and slippage, 1.3× BingX’s.
  • Note: Margin at max leverage$1,000 + —
    Phoenix 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$12.44Long Phoenix: 24 payments, +$9.44; short BingX: 6 payments, +$3.00.
  • Watch: Prices read 79 s apart+0.188% vs —
    Part of this gap may be the market moving.
  • Note: Open interest unknown$102K vs — OI
    BingX reports no open interest, so the legs cannot be compared.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhoenix No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$87.09
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$79.97
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$9.88
price spread not counted: prices read too far apart
Costs to cover0.970%Break-even7.8 days
Slippage: Phoenix: live order book, 38 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix2.6226.0 bp−$2687.0 bp−$870doesn’t fitdoesn’t fit
SELL · SHORTBingX4.0520.4 bp−$2053.6 bp−$536362.9 bp−$36.3K627.0 bp−$313.5K

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 ↗