BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.079%

Price spread now: Deribit against gTrade (Gains Network)−0.036%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Deribit

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. Deribit is 0.036% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BONK/USD	0.000003368	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	39m 07s	$23	—	150x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003367	0.0047	get 0.0006% / 1h	39m 07s	$2K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $9.77
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.79
Costs to cover: 0.170%
Break-even: 14.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 50 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Deribit live order book, 50 min ago	7.36 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0320%	1h	0.000003369	+0.024%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003371	+0.094%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003368	long leg	$23	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.797%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0043%	4h	0.000003364	−0.125%	$955K	$15.1M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0047%	1h	0.000003367	−0.036%	$2K	$110K	10x
Orderly PERP_1000BONK_USDC	+0.0071%	4h	0.000003367	−0.036%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003368	+0.007%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003369	+0.024%	$224K	$668K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003367	−0.021%	$29K	$99K	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	0.000003369	+0.027%	$78K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003371	+0.083%	$112K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003369	+0.017%	$16.2M	$58.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003368	−0.015%	$10.7M	$18.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003368	−0.006%	$2.5M	$8.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003367	−0.036%	$816K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003368	−0.006%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003368	−0.012%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003364	−0.125%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003367	−0.036%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003351	−0.514%	$306K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003357	−0.333%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003369	+0.024%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003365	−0.095%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003380	+0.350%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003364	−0.135%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003366	−0.065%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−10.932%	$563	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0243%	1h	0.000003368	−0.006%	$29K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0683%	1h	0.000003371	+0.083%	$9.9M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2501%	1h	0.000003370	+0.042%	$218K	$177K	50x	as long as short