BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.2229%/8h= +244.1% APRnext payment +$2.79 per $10,000 · paid last 24h +0.740%

Price spread now: GMX against Deribit−17.898%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 17.898% cheaper against Deribit than usual: you would sell low and buy high (spread −17.898% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,790 on $10k: about 27 days of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003654	0.0572	pay 0.0071% / 1h	6m 41s	$20K	$155K	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0194% / S −0.2801%	get 0.0350% / 1h	6m 41s	$404	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −17.898%Rate

Funding earned: $468.1
Price spread: −17.898% → 0.000%: −$1,789.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,340.72
Costs to cover: 0.190%
Break-even: 27.0 days

Slippage unknown: Deribit: live order book, 7 min ago; GMX: 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, 7 min ago	8.39 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0136%	1h	0.000003652	−0.055%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003642	−0.319%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003650	−0.107%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.400%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0060%	4h	0.000003656	+0.055%	$1.0M	$18.9M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003658	+0.107%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0099%	4h	0.000003654	0.000%	$31K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003656	+0.055%	$51K	$119K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003652	−0.062%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003649	−0.137%	$124K	$129K	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	0.000003648	−0.160%	$18.8M	$75.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003643	−0.304%	$12.3M	$23.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003649	−0.137%	$2.9M	$12.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003647	−0.192%	$989K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003649	−0.137%	$11.4M	$8.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003647	−0.192%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003646	−0.219%	$4.6M	$4.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003646	−0.219%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003600	−1.481%	$335K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003602	−1.423%	$61K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003659	+0.137%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003657	+0.082%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003664	+0.274%	$104K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003648	−0.152%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003650	−0.109%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003652	−0.055%	$255K	$732K	10x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0194% / S −0.2801%	1h	0.000003000	−17.898%	$404	—	100x
Deribit 1000BONK_USDC-PERPETUALlong	+0.0572%	1h	0.000003654	long leg	$20K	$155K	10x
Hyperliquid kBONK	+0.1563%	1h	0.000003657	+0.082%	$12.2M	$7.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1660%	1h	0.000003656	+0.055%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2537%	1h	0.000003666	+0.316%	$226K	$219K	50x	as long as short