BONK

Alert

Funding spread now, next payment 19:00 UTC+0.4240%/8h

paid, last 24h+0.056%paid, last 3 days+1.154%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 1.154% in total (about 143.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003373	0.0100	pay 0.0050% / 4h	1h 23m	$303K	$107K	—
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0197% / S −0.4340%	get 0.0542% / 1h	23m 50s	$562	—	100x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee GMXbpOrdersRate

Funding earned: $890.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $878.37
Break-even: 0.1 days

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −11.049%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 12 min ago	7.43 bp	doesn't fit	49.0 bp −$490	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0408%	1h	$43K	$20K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	$1.0M	$12.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0120%	4h	$29K	$43K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	$3K	$19K	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0047%	1h	$11K	$100K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	$199K	$270K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	$19K	$100K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	$65K	$238K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	$113K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	$15.1M	$46.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	$10.1M	$15.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	$2.4M	$7.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	$720K	$2.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	$10.2M	$6.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	$2.8M	$9.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	$4.2M	$2.8M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	$31K	$6K	10x	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	$303K	$107K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	$57K	$685K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	$2K	$11K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	$79K	$116K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0197% / S −0.4340%	1h	$562	—	100x
Kraken Futures PF_BONKUSD	+0.0814%	1h	$169K	$142K	50x	as long as short
Hyperliquid kBONK	+0.0865%	1h	$10.1M	$6.6M	10x	as long as short