BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.3354%/8h= +367.3% APRnext payment +$4.19 per $10,000 · paid last 24h +0.797%

Price spread now: GMX against Deribit−15.517%126s7-day average — · you buy dearer than you sell

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

Long on Deribit 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 15.517% cheaper against Deribit than usual: you would sell low and buy high (spread −15.517% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,552 on $10k: about 15 days of funding at the current rate (+$101 a day). The two prices were read 126 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	Deribit 1000BONK_USDC-PERPETUAL	0.000003551	0.0596	pay 0.0074% / 1h	12m 49s	$35K	$164K	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.3950%	get 0.0494% / 1h	12m 49s	$540	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −15.517%Rate

Funding earned: $704.38
Price spread: −15.517% → 0.000%: −$1,551.68
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$866.29
Costs to cover: 0.190%
Break-even: 15.6 days

Slippage unknown: Deribit: live order book, 56 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 Deribit live order book, 56 min ago	9.76 bp	16.1 bp −$16	doesn't fit	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	−0.0040%	1h	0.000003539	−0.338%	$43K	$67K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003540	−0.310%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003547	−0.118%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.801%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003549	−0.056%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003549	−0.042%	$70K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003549	−0.053%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003544	−0.197%	$119K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003547	−0.110%	$18.6M	$88.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003541	−0.284%	$12.5M	$26.8M	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	0.000003546	−0.141%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003547	−0.113%	$955K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003553	+0.056%	$11.6M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003545	−0.175%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003542	−0.253%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003543	−0.225%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003523	−0.776%	$331K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003530	−0.591%	$59K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003548	−0.084%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003556	+0.141%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003550	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003550	−0.028%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003553	+0.046%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003546	−0.141%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0143%	4h	0.000003555	+0.113%	$1.1M	$20.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.3950%	1h	0.000003000	−15.517%	$540	—	100x
Lighter 1000BONK	+0.0440%	1h	0.000003553	+0.056%	$249K	$769K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	+0.0596%	1h	0.000003551	long leg	$35K	$164K	10x
Hyperliquid kBONK	+0.1007%	1h	0.000003549	−0.056%	$12.2M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1734%	1h	0.000003557	+0.169%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4485%	1h	0.000003553	+0.066%	$181K	$275K	50x	as long as short