BONK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixkBONK	0.000003760	−0.0104	get 0.0013% / 1h	22m 33s	$66K	$91K	10x	Long Phoenix
SHORT	Kraken FuturesPF_BONKUSD	0.000003762	+0.1421	get 0.0178% / 1h	22m 33s	$232K	$228K	50x	Short Kraken Futures

Price gap+0.065%

Funding gap+0.1525% /8h

Both sides work: funding pays +$46 a day on $10k, and the gap is 0.065% above zero (no 7-day history yet): +$6 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding—+0.1525% /8h now · no funding history yet

Price—spread +0.065% 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

Kraken Futures price against Phoenixnow

RANGE STATS · 7D

Now+0.065%

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

1 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Phoenix: its slippage is not counted.
Note: Margin at max leverage$1,000 + $200
Phoenix 10x, Kraken Futures 50x. 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: +$45.75Long Phoenix: 24 payments, +$3.11; short Kraken Futures: 24 payments, +$42.64.
Note: No 7-day spread history+0.065%
The gap cannot be compared with its average yet.
Watch: Long leg is thinner$66K vs $232K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earnedno history yet: current rate+$320.24

Price spread+0.065% → 0+$6.49

Slippage, 4 ordersno data for Phoenix—

Fee Phoenix bp × 2 orders−$7.00

Fee Kraken Futures bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$309.73

Costs to cover0.170%Break-even0.2 days

Slippage: Phoenix: no order-book sample; Kraken Futures: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix—————

SELL · SHORTKraken Futures30.5343.6 bp−$44149.5 bp−$1,495doesn’t fitdoesn’t fit

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

BONK news

posts that mention BONK, from every exchangeSearch all news →

09-24 20:40	Phoenix	Listing	Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗
09-24 15:00	Phoenix	Listing	new market kBONK ($BONK) seen by our collector
09-22 07:03	ApeX Omni	Other	59 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 ↗