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
0.000003920+0.0143pay 0.0018% / 1h51m 57s$130K$164K10xLong Phoenix
SHORT
NadokBONK-PERP
0.000003930+0.0100get 0.0012% / 1h51m 57s$149K$113K10xShort Nado20% off
Price gap+0.242%57s
Funding gap−0.0043% /8h

The gap pays +$29 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 23 days.

Funding on this pair paid 0.279% over the last 7 days: the rate has only just turned. The two prices were read 57 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+$28−0.0043% /8h now · paid +0.279% over the last 7D
Price—spread +0.242%57s now · prices read too far apart to compare
Costs−$920.917% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropNado: points · farm boardneeds both prices read together

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.242%
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 size29.3 / 17.2 bp
    At $10k entering Phoenix costs 29.3 bp, fee and slippage, 1.7× Nado’s.
  • Note: Margin at max leverage$1,000 + $1,000
    Phoenix 10x, Nado 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: −$1.29Long Phoenix: 24 payments, −$4.29; short Nado: 24 payments, +$3.00.
  • Watch: Prices read 57 s apart+0.242% vs −0.052%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$130K vs $149K 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 legPhoenix No · Nado 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+$28.21
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$77.75
Fee Phoenix bp × 2 orders−$7.00
Fee Nado bp × 2 orders−$7.00
Net · 7 days · $10k−$63.54
price spread not counted: prices read too far apart
Costs to cover0.917%Break-even22.8 days
Slippage: Phoenix: live order book, 2 min ago; Nado: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix2.5429.3 bp−$2997.5 bp−$975doesn’t fitdoesn’t fit
SELL · SHORTNado2.5617.2 bp−$17doesn’t fitdoesn’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 ↗