BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4588%/8h= +502.4% APRnext payment +$5.73 per $10,000 · paid last 24h +0.457%

Price spread now: GMX against Coinbase International−10.233%53s7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 10.233% cheaper against Coinbase International than usual: you would sell low and buy high (spread −10.233% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,023 on $10k: about 7.4 days of funding at the current rate (+$138 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003342	−0.0248	get 0.0031% / 1h	5m 29s	$42K	$22K	50x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.4340%	get 0.0542% / 1h	5m 29s	$564	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −10.233%Rate

Funding earned: $963.45
Price spread: −10.233% → 0.000%: −$1,023.34
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$81.89
Costs to cover: 0.220%
Break-even: 7.6 days

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Coinbase International and 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-INTXlong	−0.0248%	1h	0.000003342	long leg	$42K	$22K	50x
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003363	+0.628%	$1.0M	$13.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0086%	4h	0.000003369	+0.808%	$29K	$41K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0047%	1h	0.000003368	+0.778%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003371	+0.880%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003368	+0.790%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.035%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003371	+0.869%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003369	+0.808%	$189K	$301K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003369	+0.823%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003370	+0.852%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003369	+0.808%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003370	+0.852%	$15.2M	$51.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003369	+0.808%	$10.2M	$16.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003371	+0.868%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003367	+0.748%	$721K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	+0.838%	$10.1M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003368	+0.775%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003368	+0.778%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003370	+0.838%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003371	+0.868%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003360	+0.540%	$302K	$121K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003359	+0.509%	$57K	$701K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003374	+0.958%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003370	+0.838%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003371	+0.868%	$91K	$151K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003369	+0.803%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003368	+0.778%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.4340%	1h	0.000003000	−10.233%	$564	—	100x
Hyperliquid kBONK	+0.0930%	1h	0.000003378	+1.077%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0960%	1h	0.000003375	+0.995%	$205K	$149K	50x	as long as short