BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1495%/8h= +163.7% APRnext payment +$1.87 per $10,000 · paid last 24h +0.175%

Price spread now: Deribit against GMX+20.433%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Deribit

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 for this trade now. Funding pays +$45 a day on $10k at the current rate, and Deribit is 20.433% dearer against GMX than usual: you sell high and buy low: +$2,043 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	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.3950%	pay 0.0025% / 1h	20m 13s	$551	—	100x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003613	0.1691	get 0.0211% / 1h	20m 13s	$25K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +20.433%Rate

Funding earned: $313.92
Price spread: +20.433% → 0.000%: $2,043.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $2,338.25
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 54 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 54 min ago	8.39 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit

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	−0.0016%	1h	0.000003590	+19.667%	$45K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003604	+20.147%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003602	+20.073%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	+9.133%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003607	+20.230%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003607	+20.250%	$54K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003613	+20.435%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003610	+20.333%	$120K	$138K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003611	+20.361%	$18.6M	$80.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003605	+20.153%	$12.4M	$24.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003608	+20.267%	$3.0M	$13.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003606	+20.200%	$957K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003609	+20.300%	$12.1M	$9.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003607	+20.243%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003605	+20.167%	$4.6M	$4.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003609	+20.300%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003598	+19.929%	$341K	$147K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003622	+20.733%	$61K	$707K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003607	+20.233%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003615	+20.500%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003609	+20.300%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003614	+20.467%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003609	+20.288%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003604	+20.133%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003608	+20.267%	$1.1M	$19.3M	75x	as long as short
Lighter 1000BONK	+0.0136%	1h	0.000003611	+20.367%	$252K	$747K	10x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0196% / S −0.3950%	1h	0.000003000	long leg	$551	—	100x
Hyperliquid kBONK	+0.1272%	1h	0.000003614	+20.467%	$12.4M	$7.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.1691%	1h	0.000003613	+20.433%	$25K	$165K	10x
Backpack kBONK_USDC_PERP	+0.1747%	1h	0.000003614	+20.467%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2980%	1h	0.000003623	+20.776%	$223K	$222K	50x	as long as short