BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.2456%/8h= +269.0% APRnext payment +$3.07 per $10,000 · paid last 24h +0.704%

Price spread now: Kraken Futures against GMX+16.951%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 Kraken Futures

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 +$74 a day on $10k at the current rate, and Kraken Futures is 16.951% dearer against GMX than usual: you sell high and buy low: +$1,695 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 +0.0194% / S −0.2801%	pay 0.0024% / 1h	45m 03s	$386	—	100x
Short	Kraken Futures PF_BONKUSD	0.000003509	0.2650	get 0.0331% / 1h	45m 03s	$215K	$218K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +16.951%Rate

Funding earned: $515.83
Price spread: +16.951% → 0.000%: $1,695.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2,188.96
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	21.33 bp	31.6 bp −$32	87.7 bp −$877	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	−0.0136%	1h	0.000003505	+16.833%	$43K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003510	+17.012%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003499	+16.633%	$9K	$134K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003498	+16.590%	$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
BloFin 1000BONK-USDT	+0.0051%	4h	0.000003500	+16.667%	$1.0M	$17.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003506	+16.881%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0091%	4h	0.000003494	+16.467%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003503	+16.767%	$247K	$706K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003498	+16.612%	$59K	$299K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003511	+17.033%	$119K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003494	+16.450%	$17.7M	$70.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003491	+16.357%	$11.5M	$21.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003497	+16.567%	$2.7M	$11.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003498	+16.600%	$915K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003493	+16.433%	$9.8M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003499	+16.633%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003492	+16.400%	$4.5M	$3.8M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003494	+16.467%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003501	+16.713%	$326K	$141K	—	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003508	+16.950%	$42K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003511	+17.033%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003499	+16.633%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003501	+16.700%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003498	+16.586%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003495	+16.500%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0194% / S −0.2801%	1h	0.000003000	long leg	$386	—	100x
ApeX Omni 1000BONKUSDT	+0.0426%	1h	0.000003515	+17.167%	$59K	$706K	25x	as long as short
Hyperliquid kBONK	+0.1666%	1h	0.000003504	+16.800%	$11.8M	$6.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1695%	1h	0.000003502	+16.733%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSDshort	+0.2650%	1h	0.000003509	+16.951%	$215K	$218K	50x