BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2646%/8h= +289.7% APRnext payment +$3.31 per $10,000 · paid last 24h +0.547%

Price spread now: GMX against Hyperliquid−16.388%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 16.388% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −16.388% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,639 on $10k: about 21 days of funding at the current rate (+$79 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kBONK	0.000003588	0.1304	pay 0.0163% / 1h	5m 15s	$12.3M	$8.0M	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.3950%	get 0.0494% / 1h	5m 15s	$546	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −16.388%Rate

Funding earned: $555.66
Price spread: −16.388% → 0.000%: −$1,638.8
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,104.14
Costs to cover: 0.210%
Break-even: 20.9 days

Slippage unknown: Hyperliquid: live order book, 7 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 7 min ago	1.40 bp	8.4 bp −$8	31.1 bp −$311	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.000003575	−0.362%	$45K	$63K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003589	+0.038%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003585	−0.098%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.751%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003583	−0.128%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003584	−0.098%	$62K	$128K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003595	+0.207%	$60K	$311K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003592	+0.111%	$119K	$139K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003588	+0.005%	$18.6M	$82.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003587	−0.028%	$12.4M	$25.2M	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	0.000003588	0.000%	$2.9M	$14.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003585	−0.084%	$978K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003588	0.000%	$12.4M	$9.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003588	0.000%	$3.0M	$10.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003584	−0.111%	$4.6M	$4.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003588	0.000%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003594	+0.164%	$338K	$156K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003590	+0.056%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003586	−0.056%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003592	+0.111%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003587	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003590	+0.056%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003586	−0.057%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003585	−0.084%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0111%	4h	0.000003590	+0.056%	$1.1M	$19.6M	75x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003592	+0.111%	$252K	$750K	10x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.3950%	1h	0.000003000	−16.388%	$546	—	100x
Deribit 1000BONK_USDC-PERPETUAL	+0.0308%	1h	0.000003586	−0.056%	$35K	$176K	10x	as long as short
Hyperliquid kBONKlong	+0.1304%	1h	0.000003588	long leg	$12.3M	$8.0M	10x
Backpack kBONK_USDC_PERP	+0.1627%	1h	0.000003592	+0.111%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3000%	1h	0.000003599	+0.310%	$222K	$223K	50x	as long as short