BONK

Alert

Funding spread now, next payment 16:00 UTC+0.0620%/8h

paid, last 24h+0.163%paid, last 5 days+0.425%to open and closeno order book

Long on Coinbase International Short on Bybit

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003391	−0.0520	get 0.0065% / 1h	58m 47s	$45K	$19K	50x
Short	Bybit 1000BONKUSDT	0.000003396	0.0100	get 0.0050% / 4h	3h 58m	$10.3M	$14.3M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersRate

Funding earned: $130.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $109.2
Break-even: 1.1 days

Slippage unknown: Coinbase International: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.145%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.47 bp	14.4 bp −$14	30.0 bp −$300	341.4 bp −$34.1K	doesn't fit

Coinbase International: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado kBONK-PERP	−0.0808%	1h	$19K	$100K	10x	as long as short
Coinbase International 1000BONK-PERP-INTXlong	−0.0520%	1h	$45K	$19K	50x
Orderly PERP_1000BONK_USDC	−0.0255%	4h	$29K	$37K	20x	as long as short
BloFin 1000BONK-USDT	−0.0158%	4h	$1.0M	$13.5M	75x	as long as short
ApeX Omni 1000BONKUSDT	−0.0076%	1h	$58K	$686K	25x	as long as short
dYdX BONK-USD	0.0000%	1h	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	$14K	$87K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	$3K	$36K	5.5x	as long as short
MEXC 1000BONK_USDT	+0.0078%	4h	$10.6M	$5.7M	125x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended 1000BONK-USD	+0.0080%	1h	$22K	$623K	25x	as long as short
Binance 1000BONKUSDT	+0.0082%	4h	$15.2M	$44.7M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	$4	—	15x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0083% / S 0.0000%	1h	$24	—	100x	as long as short
Bitget 1000BONKUSDT	+0.0090%	4h	$4.2M	$2.7M	75x	as long as short
Lighter 1000BONK	+0.0096%	1h	$213K	$232K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	$59K	$237K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	$114K	$102K	10x	as long as short
Bybit 1000BONKUSDTshort	+0.0100%	4h	$10.3M	$14.3M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.5M	$6.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	$738K	$2.1M	50x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.8M	$8.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	—	$7.4M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	$31K	$6K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	$305K	$160K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	$80K	$106K	30x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	$4K	—	3x	as long as short
Hyperliquid kBONK	+0.0632%	1h	$10.0M	$6.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0913%	1h	$177K	$149K	50x	as long as short