BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0494%/8h= −54.1% APRnext payment −$0.62 per $10,000 · paid last 24h +0.101%

Price spread now: SoDEX against Deribit−0.028%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 SoDEX

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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SoDEX is 0.028% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003557	0.0594	pay 0.0074% / 1h	16m 14s	$6K	$123K	10x
Short	SoDEX 1000BONK-USD	0.000003556	0.0100	get 0.0013% / 1h	16m 14s	$2K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$103.77
Price spread: −0.028% → 0.000%: −$2.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$121.58
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 3 min ago; SoDEX: 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, 3 min ago	4.26 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0312%	1h	0.000003558	+0.028%	$44K	$41K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003533	−0.666%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003543	−0.391%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.956%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003555	−0.056%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003545	−0.339%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003547	−0.267%	$40K	$109K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003553	−0.098%	$82K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	−0.562%	$121K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003556	−0.030%	$17.6M	$64.4M	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	0.000003565	+0.225%	$11.6M	$19.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003569	+0.337%	$2.6M	$10.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003563	+0.169%	$893K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003568	+0.309%	$10.2M	$7.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003553	−0.107%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003563	+0.169%	$4.5M	$3.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003567	+0.281%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003518	−1.100%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003548	−0.253%	$60K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003564	+0.197%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USDshort	+0.0100%	1h	0.000003556	−0.028%	$2K	$7K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003573	+0.450%	$101K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003557	−0.014%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003556	−0.028%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0105%	4h	0.000003530	−0.759%	$1.0M	$16.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−15.659%	$594	—	100x	as long as short
Lighter 1000BONK	+0.0224%	1h	0.000003559	+0.056%	$249K	$694K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	+0.0594%	1h	0.000003557	long leg	$6K	$123K	10x
Hyperliquid kBONK	+0.0857%	1h	0.000003572	+0.422%	$11.4M	$5.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1468%	1h	0.000003574	+0.478%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2357%	1h	0.000003562	+0.144%	$227K	$176K	50x	as long as short