BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Variational Omni against gTrade (Gains Network)−0.495%51s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.495% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.495% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 17 days of funding at the current rate (+$3 a day). The two prices were read 51 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	gTrade (Gains Network) BONK/USD	0.000003507	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	52m 29s	$24	—	150x
Short	Variational Omni 1000BONK	0.000003490	0.0100	get 0.0050% / 4h	52m 29s	$328K	$99K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.495%Rate

Funding earned: $20.88
Price spread: −0.495% → 0.000%: −$49.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.57
Costs to cover: 0.100%
Break-even: 19.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 52 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 Variational Omni RFQ quote, 52 min ago	5.49 bp	doesn't fit	63.2 bp −$632	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	−0.0040%	1h	0.000003505	−0.063%	$43K	$63K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003507	+0.003%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USDlong	L +0.0001% / S +0.0001%	1h	0.000003507	long leg	$24	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.649%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003512	+0.134%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003512	+0.151%	$63K	$132K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003516	+0.251%	$58K	$318K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003509	+0.051%	$116K	$141K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003512	+0.146%	$18.1M	$83.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003509	+0.051%	$12.1M	$25.6M	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	0.000003512	+0.137%	$2.9M	$14.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003510	+0.080%	$963K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003512	+0.137%	$11.5M	$9.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003511	+0.094%	$3.0M	$10.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003507	−0.006%	$4.5M	$5.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003509	+0.051%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003490	−0.495%	$328K	$99K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003521	+0.393%	$59K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003503	−0.120%	$30K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003514	+0.194%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003509	+0.051%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003512	+0.137%	$100K	$133K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003507	−0.017%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003504	−0.091%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0150%	4h	0.000003515	+0.222%	$1.1M	$19.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.462%	$536	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0321%	1h	0.000003507	−0.006%	$34K	$165K	10x	as long as short
Lighter 1000BONK	+0.0544%	1h	0.000003514	+0.194%	$247K	$754K	10x	as long as short
Hyperliquid kBONK	+0.1071%	1h	0.000003518	+0.308%	$12.1M	$8.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1364%	1h	0.000003519	+0.336%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4523%	1h	0.000003524	+0.471%	$180K	$261K	50x	as long as short