BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0236%/8h= +25.8% APRnext payment +$0.29 per $10,000 · paid last 24h −0.129%

Price spread now: Deribit against Aevo+0.533%56s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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 +$7 a day on $10k at the current rate, and Deribit is 0.533% dearer against Aevo than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000BONK-PERP	0.000003374	0.0104	pay 0.0013% / 1h	26m 28s	$4K	—	3x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003392	0.0340	get 0.0042% / 1h	26m 28s	$2K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now +0.533%Rate

Funding earned: $49.55
Price spread: +0.533% → 0.000%: $53.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $79.9
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Deribit: live order book, 12 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 Aevo no order-book sample	—	—	—	—	—
Sell Deribit live order book, 12 min ago	10.31 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 venues

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
Coinbase International 1000BONK-PERP-INTX	−0.0376%	1h	0.000003390	+0.474%	$43K	$24K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003388	+0.415%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0053%	4h	0.000003374	0.000%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003370	−0.110%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003384	+0.309%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.964%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003369	−0.149%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003370	−0.119%	$18K	$105K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003384	+0.283%	$65K	$262K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003386	+0.356%	$112K	$120K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.045%	$15.3M	$53.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003377	+0.080%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003371	−0.089%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003370	−0.119%	$729K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	−0.119%	$9.8M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003371	−0.089%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003373	−0.030%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003370	−0.119%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003370	−0.120%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003400	+0.771%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003395	+0.622%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003390	+0.474%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	+0.533%	$93K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003388	+0.422%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERPlong	+0.0104%	1h	0.000003374	long leg	$4K	—	3x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.085%	$563	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0270%	1h	0.000003391	+0.504%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003391	+0.504%	$321K	$441K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0340%	1h	0.000003392	+0.533%	$2K	$110K	10x
Hyperliquid kBONK	+0.0644%	1h	0.000003377	+0.089%	$9.6M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1466%	1h	0.000003398	+0.715%	$212K	$163K	50x	as long as short