BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.099%

Price spread now: Coinbase International against Deribit+0.147%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 0.147% dearer against Deribit than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003405	0.0044	pay 0.0005% / 1h	5m 23s	$23K	$152K	10x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003410	−0.0056	pay 0.0007% / 1h	5m 23s	$44K	$89K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$20.97
Price spread: +0.147% → 0.000%: $14.68
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.28
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 41 min ago; Coinbase International: no order-book sample. 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 Deribit live order book, 41 min ago	7.27 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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 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
Coinbase International 1000BONK-PERP-INTXshort	−0.0056%	1h	0.000003410	+0.147%	$44K	$89K	50x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003403	−0.047%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.847%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	+0.0044%	1h	0.000003405	long leg	$23K	$152K	10x
BloFin 1000BONK-USDT	+0.0046%	4h	0.000003407	+0.059%	$1.0M	$19.8M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003405	+0.003%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003408	+0.088%	$234K	$760K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003408	+0.088%	$47K	$201K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003406	+0.029%	$113K	$151K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003405	+0.006%	$17.3M	$90.3M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.026%	$11.8M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003403	−0.059%	$3.0M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003405	0.000%	$920K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003405	0.000%	$10.6M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003407	+0.059%	$2.8M	$10.5M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003402	−0.088%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003405	0.000%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003403	−0.071%	$321K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003405	0.000%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003403	−0.044%	$64K	$133K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003401	−0.117%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003412	+0.206%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003405	0.000%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003415	+0.294%	$98K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003403	−0.047%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.147%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.894%	$404	—	100x	as long as short
Hyperliquid kBONK	+0.0382%	1h	0.000003408	+0.088%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1179%	1h	0.000003410	+0.147%	$53K	$25K	10x	as long as short
dYdX BONK-USD	+0.1443%	1h	0.000003405	+0.003%	$13K	$12K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1665%	1h	0.000003415	+0.283%	$174K	$255K	50x	as long as short