BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.2466%/8h= −270.0% APRnext payment −$3.08 per $10,000 · paid last 24h −0.123%

Price spread now: Coinbase International against dYdX+0.433%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Coinbase International is 0.433% dearer against dYdX than usual: you sell high and buy low (spread +0.433% now, against zero (this spread has no 7-day history yet)): +$43 on $10k if it goes back. Holding the pair costs −$74 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BONK-USD	0.000003432	0.2410	pay 0.0301% / 1h	49m 25s	$13K	$12K	10x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003447	−0.0056	pay 0.0007% / 1h	49m 25s	$45K	$90K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.433%Rate

Funding earned: −$517.9
Price spread: +0.433% → 0.000%: $43.29
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$494.61
Costs to cover: 0.200%
Break-even: from the start

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

dYdX and Coinbase International: 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 exchanges

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-INTXshort	−0.0056%	1h	0.000003447	+0.433%	$45K	$90K	50x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003440	+0.223%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.608%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0041%	1h	0.000003438	+0.171%	$24K	$162K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003435	+0.088%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0090%	4h	0.000003440	+0.229%	$1.1M	$19.7M	75x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003439	+0.200%	$243K	$735K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003434	+0.054%	$66K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003440	+0.229%	$54K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003436	+0.112%	$114K	$150K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003439	+0.205%	$17.7M	$89.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003438	+0.171%	$12.1M	$26.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003440	+0.229%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003435	+0.083%	$906K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003438	+0.171%	$10.7M	$10.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003436	+0.118%	$2.9M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003434	+0.054%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003433	+0.025%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003434	+0.043%	$334K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003441	+0.258%	$58K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003439	+0.200%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003444	+0.345%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003436	+0.112%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003446	+0.404%	$98K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003434	+0.050%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003435	+0.083%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.591%	$525	—	100x	as long as short
Hyperliquid kBONK	+0.0397%	1h	0.000003440	+0.229%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1178%	1h	0.000003440	+0.229%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1652%	1h	0.000003441	+0.250%	$175K	$253K	50x	as long as short
dYdX BONK-USDlong	+0.2410%	1h	0.000003432	long leg	$13K	$12K	10x