BONK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixkBONK	0.000003828	−0.0315	get 0.0039% / 1h	40m 22s	$124K	$89K	10x	Long Phoenix
SHORT	Variational Omni1000BONK	0.000003808	+0.0100	get 0.0050% / 4h	40m 22s	$340K	$388K	50x	Short Variational Omni+15% pts

Price gap−0.515%69s

Funding gap+0.0415% /8h

Funding pays +$12 a day on $10k, but the gap is 0.515% under zero (no 7-day history yet): −$51 if it goes back, about 4.1 days of funding.

The two prices were read 69 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 −0.515%69s now · prices read too far apart to compare

Costs−$1131.133% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropVariational Omni: points · farm boardneeds 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

Variational Omni price against Phoenixnow

RANGE STATS · 7D

Now−0.515%

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

2 ok · 4 to watch

Watch: Thin at this size26.0 / 34.6 bp
At $10k entering Variational Omni costs 34.6 bp, fee and slippage, 1.3× Phoenix’s.
Note: Margin at max leverage$1,000 + $200
Phoenix 10x, Variational Omni 50x. 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 Variational Omni: 6 payments, +$3.00.
Watch: Prices read 69 s apart−0.515% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$124K vs $340K OI
Phoenix sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legPhoenix No · Variational Omni 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 earnedno history yet: current rate+$87.09

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$106.29

Fee Phoenix bp × 2 orders−$7.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$26.20

price spread not counted: prices read too far apart

Costs to cover1.133%Break-even9.1 days

Slippage: Phoenix: live order book, 7 min ago; Variational Omni: RFQ quote, 54 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 · SHORTVariational Omni6.6634.6 bp−$3560.0 bp−$600doesn’t fitdoesn’t fit

Closing costs about the same again.

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 ↗