BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0609%/8h= +66.7% APRnext payment +$0.76 per $10,000 · paid last 24h +0.197%

Price spread now: Hyperliquid against dYdX+0.390%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.390% dearer against dYdX than usual: you sell high and buy low: +$39 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	dYdX BONK-USD	0.000003489	0	get 0.0000% / 1h	38m 05s	$13K	$3K	10x
Short	Hyperliquid kBONK	0.000003503	0.0609	get 0.0076% / 1h	38m 05s	$12.0M	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.390%Rate

Funding earned: $127.87
Price spread: +0.390% → 0.000%: $38.96
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $147.83
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	2.86 bp	13.7 bp −$14	23.9 bp −$239	doesn't fit	doesn't fit

dYdX: 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	−0.0024%	1h	0.000003477	−0.356%	$42K	$68K	50x	as long as short
dYdX BONK-USDlong	0.0000%	1h	0.000003489	long leg	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003490	+0.011%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.173%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003491	+0.059%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.316%	$47K	$332K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003487	−0.069%	$116K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003498	+0.246%	$18.0M	$89.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003496	+0.189%	$12.4M	$27.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003498	+0.246%	$3.0M	$15.0M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDT	+0.0100%	4h	0.000003491	+0.046%	$922K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003498	+0.246%	$11.4M	$10.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003495	+0.160%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003496	+0.189%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003494	+0.132%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003476	−0.386%	$327K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003481	−0.241%	$59K	$700K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003493	+0.089%	$70K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003489	−0.012%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003499	+0.275%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003492	+0.074%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003496	+0.189%	$99K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003491	+0.049%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003489	−0.012%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0118%	4h	0.000003491	+0.046%	$1.1M	$20.1M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.026%	$533	—	100x	as long as short
Lighter 1000BONK	+0.0272%	1h	0.000003500	+0.304%	$246K	$759K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0323%	1h	0.000003493	+0.103%	$34K	$164K	10x	as long as short
Hyperliquid kBONKshort	+0.0609%	1h	0.000003503	+0.390%	$12.0M	$8.2M	10x
Backpack kBONK_USDC_PERP	+0.1805%	1h	0.000003504	+0.418%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2968%	1h	0.000003498	+0.249%	$178K	$272K	50x	as long as short