BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0840%/8h= +92.0% APRnext payment +$1.05 per $10,000 · paid last 24h +0.142%

Price spread now: Hyperliquid against gTrade (Gains Network)+0.439%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.439% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$44 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	gTrade (Gains Network) BONK/USD	0.000003508	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	23m 37s	$24	—	150x
Short	Hyperliquid kBONK	0.000003523	0.0841	get 0.0105% / 1h	23m 37s	$10.4M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HyperliquidbpOrdersPrice spread, now +0.439%Rate

Funding earned: $176.42
Price spread: +0.439% → 0.000%: $43.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $201.32
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 9 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	1.42 bp	11.7 bp −$12	25.1 bp −$251	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.000003509	+0.040%	$44K	$39K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003518	+0.306%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003508	long leg	$24	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.660%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003508	+0.011%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003511	+0.093%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003514	+0.197%	$38K	$108K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003518	+0.288%	$81K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003519	+0.325%	$118K	$107K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003519	+0.327%	$17.4M	$63.1M	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	0.000003517	+0.268%	$11.5M	$19.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003518	+0.296%	$2.6M	$9.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003516	+0.239%	$879K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003519	+0.325%	$9.8M	$7.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003518	+0.294%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003517	+0.268%	$4.5M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003518	+0.296%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003522	+0.406%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003504	−0.103%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003516	+0.239%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003509	+0.040%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003517	+0.268%	$100K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003517	+0.255%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003509	+0.040%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0125%	4h	0.000003516	+0.239%	$991K	$16.6M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.471%	$587	—	100x	as long as short
Lighter 1000BONK	+0.0200%	1h	0.000003521	+0.382%	$247K	$692K	10x	as long as short
Hyperliquid kBONKshort	+0.0841%	1h	0.000003523	+0.439%	$10.4M	$5.0M	10x
Deribit 1000BONK_USDC-PERPETUAL	+0.0890%	1h	0.000003512	+0.125%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1410%	1h	0.000003518	+0.296%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2388%	1h	0.000003516	+0.237%	$224K	$178K	50x	as long as short