BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2266%/8h= +248.2% APRnext payment +$2.83 per $10,000 · paid last 24h +0.341%

Price spread now: GMX against Kraken Futures−11.702%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Funding pays, the price is against you. GMX is 11.702% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −11.702% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,170 on $10k: about 17 days of funding at the current rate (+$68 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BONKUSD	0.000003398	0.2074	pay 0.0259% / 1h	58m 06s	$212K	$165K	50x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0197% / S −0.4340%	get 0.0542% / 1h	58m 06s	$567	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −11.702%Rate

Funding earned: $475.92
Price spread: −11.702% → 0.000%: −$1,170.24
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$716.32
Costs to cover: 0.220%
Break-even: 17.5 days

Slippage unknown: Kraken Futures: live order book, 9 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 Kraken Futures live order book, 9 min ago	33.60 bp	44.8 bp −$45	150.6 bp −$1,506	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	−0.0336%	1h	0.000003389	−0.253%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003403	+0.159%	$944K	$14.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0029%	4h	0.000003389	−0.253%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003372	−0.741%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003389	−0.265%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.638%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0045%	1h	0.000003388	−0.283%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003393	−0.122%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003393	−0.121%	$26K	$110K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003392	−0.177%	$66K	$252K	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	0.000003380	−0.518%	$112K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003397	−0.018%	$15.9M	$54.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003396	−0.041%	$10.7M	$17.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003396	−0.047%	$2.5M	$8.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003388	−0.283%	$721K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003397	−0.018%	$9.8M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003390	−0.227%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003393	−0.135%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003392	−0.165%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003383	−0.432%	$308K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003392	−0.165%	$57K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003393	−0.135%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003388	−0.283%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003391	−0.194%	$96K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003395	−0.086%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003390	−0.224%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0197% / S −0.4340%	1h	0.000003000	−11.702%	$567	—	100x
Lighter 1000BONK	+0.0200%	1h	0.000003396	−0.047%	$353K	$472K	10x	as long as short
Hyperliquid kBONK	+0.0806%	1h	0.000003397	−0.018%	$9.9M	$7.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0910%	1h	0.000003397	−0.018%	$30K	$7K	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.2074%	1h	0.000003398	long leg	$212K	$165K	50x