BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h +0.111%

Price spread now: Injective against Coinbase International−3.819%7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 3.819% cheaper against Coinbase International than usual: you would sell low and buy high (spread −3.819% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$382 on $10k: about 7 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003404	−0.0024	get 0.0003% / 1h	26m 46s	$46K	$81K	50x
Short	Injective BONK/USDC PERP	0.000003274	0.0033	get 0.0004% / 1h	26m 46s	$3K	$113	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.819%Rate

Funding earned: $12.04
Price spread: −3.819% → 0.000%: −$381.9
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$379.88
Costs to cover: 0.100%
Break-even: 227.9 days

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

Coinbase International and Injective: 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	−0.0024%	1h	0.000003404	long leg	$46K	$81K	50x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003409	+0.153%	$24	—	150x	as long as short
Injective BONK/USDC PERPshort	+0.0033%	1h	0.000003274	−3.819%	$3K	$113	5.5x
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003422	+0.529%	$1.1M	$19.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003421	+0.498%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003420	+0.485%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003420	+0.470%	$47K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003421	+0.499%	$114K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003419	+0.435%	$17.7M	$90.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003418	+0.417%	$12.2M	$27.5M	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	0.000003417	+0.382%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003417	+0.382%	$906K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003419	+0.441%	$11.0M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003421	+0.494%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003417	+0.382%	$4.4M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003418	+0.411%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.850%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	+0.823%	$58K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003418	+0.411%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003424	+0.588%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003419	+0.441%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003429	+0.734%	$98K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003417	+0.382%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003417	+0.382%	$4K	—	3x	as long as short
dYdX BONK-USD	+0.0188%	1h	0.000003420	+0.470%	$13K	$11K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−11.868%	$522	—	100x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003420	+0.470%	$243K	$765K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0335%	1h	0.000003421	+0.499%	$23K	$174K	10x	as long as short
Hyperliquid kBONK	+0.0569%	1h	0.000003422	+0.529%	$11.7M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1673%	1h	0.000003424	+0.588%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3032%	1h	0.000003424	+0.583%	$174K	$273K	50x	as long as short