BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1474%/8h= +161.4% APRnext payment +$1.84 per $10,000 · paid last 24h +0.068%

Price spread now: Deribit against Coinbase International+0.056%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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 +$44 a day on $10k at the current rate, and Deribit is 0.056% dearer against Coinbase International than usual: you sell high and buy low: +$6 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	Coinbase International 1000BONK-PERP-INTX	0.000003544	−0.0312	get 0.0039% / 1h	19m 41s	$44K	$40K	50x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003546	0.1162	get 0.0145% / 1h	19m 41s	$6K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.056%Rate

Funding earned: $309.55
Price spread: +0.056% → 0.000%: $5.64
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $298.19
Costs to cover: 0.170%
Break-even: 0.3 days

Slippage unknown: Coinbase International: no order-book sample; Deribit: live order book, 64 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit live order book, 64 min ago	7.33 bp	10.8 bp −$11	doesn't fit	doesn't fit	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: 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-INTXlong	−0.0312%	1h	0.000003544	long leg	$44K	$40K	50x
dYdX BONK-USD	0.0000%	1h	0.000003540	−0.105%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003544	−0.011%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.619%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003542	−0.056%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003543	−0.016%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003541	−0.071%	$39K	$108K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003542	−0.063%	$82K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003543	−0.028%	$121K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003541	−0.081%	$17.5M	$63.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003540	−0.124%	$11.5M	$19.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003541	−0.085%	$2.6M	$10.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003545	+0.028%	$886K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003540	−0.113%	$10.0M	$7.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003547	+0.085%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003544	0.000%	$4.5M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003543	−0.028%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003518	−0.737%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003516	−0.790%	$59K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003549	+0.141%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003545	+0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003551	+0.198%	$101K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003545	+0.015%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003541	−0.085%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0107%	4h	0.000003518	−0.734%	$1.0M	$16.6M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−15.350%	$592	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003550	+0.169%	$249K	$692K	10x	as long as short
Hyperliquid kBONK	+0.0853%	1h	0.000003552	+0.226%	$10.5M	$5.0M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.1162%	1h	0.000003546	+0.056%	$6K	$123K	10x
Backpack kBONK_USDC_PERP	+0.1434%	1h	0.000003552	+0.226%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2363%	1h	0.000003554	+0.279%	$226K	$176K	50x	as long as short