BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0534%/8h= +58.4% APRnext payment +$0.67 per $10,000 · paid last 24h −0.022%

Price spread now: Deribit against SoDEX+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.029% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000BONK-USD	0.000003397	0.0100	pay 0.0013% / 1h	50m 07s	$2K	$9K	10x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003398	0.0634	get 0.0079% / 1h	50m 07s	$23K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: $112.07
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $100.01
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 56 min ago	7.27 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003399	+0.068%	$23	—	150x	as long as short
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003410	+0.383%	$44K	$89K	50x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.621%	$3K	$57	5.5x	as long as short
dYdX BONK-USD	+0.0058%	1h	0.000003390	−0.203%	$13K	$12K	10x	as long as short
BloFin 1000BONK-USDT	+0.0075%	4h	0.000003391	−0.177%	$1.0M	$19.7M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003397	−0.012%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003395	−0.059%	$228K	$752K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003398	+0.044%	$63K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003394	−0.088%	$46K	$210K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003393	−0.118%	$113K	$150K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003392	−0.152%	$17.3M	$90.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003388	−0.271%	$11.7M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003389	−0.236%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003388	−0.265%	$903K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003394	−0.088%	$10.7M	$10.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003398	+0.029%	$2.8M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003390	−0.206%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003391	−0.177%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003389	−0.247%	$320K	$137K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003396	−0.029%	$57K	$694K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003397	0.000%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003397	0.000%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USDlong	+0.0100%	1h	0.000003397	long leg	$2K	$9K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003392	−0.147%	$90K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003394	−0.079%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	−0.029%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.687%	$402	—	100x	as long as short
Hyperliquid kBONK	+0.0366%	1h	0.000003394	−0.088%	$11.6M	$8.2M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0634%	1h	0.000003398	+0.029%	$23K	$152K	10x
Backpack kBONK_USDC_PERP	+0.1171%	1h	0.000003397	0.000%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1405%	1h	0.000003396	−0.029%	$175K	$256K	50x	as long as short