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
0.000003760−0.0104get 0.0013% / 1h27m 03s$66K$91K10xLong Phoenix
SHORT
Bitget1000BONKUSDT
0.000003766+0.0100get 0.0050% / 4h1h 27m$4.8M$4.6M75xShort Bitget
Price gap+0.160%
Funding gap+0.0204% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.160% above zero (no 7-day history yet): +$16 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—+0.0204% /8h now · no funding history yet
Price—spread +0.160% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—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

Bitget price against Phoenixnow
RANGE STATS · 7D
Now+0.160%
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 · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Phoenix: its slippage is not counted.
  • Note: Margin at max leverage$1,000 + $133
    Phoenix 10x, Bitget 75x. 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: +$6.11Long Phoenix: 24 payments, +$3.11; short Bitget: 6 payments, +$3.00.
  • Note: No 7-day spread history+0.160%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$66K vs $4.8M OI
    Phoenix sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhoenix No · Bitget Yes
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$42.79
Price spread+0.160% → 0+$15.96
Slippage, 4 ordersno data for Phoenix—
Fee Phoenix bp × 2 orders−$7.00
Fee Bitget bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$39.75
Costs to cover0.190%Break-even0.5 days
Slippage: Phoenix: no order-book sample; Bitget: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix—————
SELL · SHORTBitget5.3119.6 bp−$2074.8 bp−$748doesn’t fitdoesn’t fit

Closing costs about the same again.
Phoenix: no data.

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 ↗