BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0793%/8h= +86.8% APRnext payment +$0.99 per $10,000 · paid last 24h +0.404%

Price spread now: Hyperliquid against GMX+18.000%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 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 +$24 a day on $10k at the current rate, and Hyperliquid is 18.000% dearer against GMX than usual: you sell high and buy low: +$1,800 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	21m 58s	$540	—	100x
Short	Hyperliquid kBONK	0.000003540	0.0989	get 0.0124% / 1h	21m 58s	$12.1M	$8.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +18.000%Rate

Funding earned: $166.53
Price spread: +18.000% → 0.000%: $1,800
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1,945.53
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	1.41 bp	11.5 bp −$12	25.1 bp −$251	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	−0.0040%	1h	0.000003527	+17.567%	$43K	$65K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003555	+18.511%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003538	+17.937%	$24	—	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	0.000003536	+17.881%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0092%	4h	0.000003528	+17.600%	$1.1M	$20.2M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003536	+17.883%	$67K	$137K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003540	+18.000%	$59K	$319K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003554	+18.467%	$118K	$149K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003540	+17.992%	$18.4M	$87.2M	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	0.000003536	+17.883%	$12.4M	$26.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003537	+17.900%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003537	+17.900%	$941K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003533	+17.767%	$11.2M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003541	+18.030%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003531	+17.700%	$4.5M	$5.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003538	+17.933%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003507	+16.895%	$330K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003508	+16.933%	$59K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003541	+18.033%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003548	+18.267%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003543	+18.100%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003540	+18.000%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003536	+17.852%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003536	+17.867%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0196% / S −0.3950%	1h	0.000003000	long leg	$540	—	100x
Lighter 1000BONK	+0.0456%	1h	0.000003543	+18.100%	$248K	$767K	10x	as long as short
Hyperliquid kBONKshort	+0.0989%	1h	0.000003540	+18.000%	$12.1M	$8.3M	10x
Deribit 1000BONK_USDC-PERPETUAL	+0.1163%	1h	0.000003543	+18.100%	$35K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1673%	1h	0.000003544	+18.133%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4492%	1h	0.000003548	+18.263%	$181K	$276K	50x	as long as short