BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.050%

Price spread now: Deribit against GMX+13.500%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Deribit

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

The price spread pays, funding is against you. Deribit is 13.500% dearer against GMX than usual: you sell high and buy low (spread +13.500% now, against zero (this spread has no 7-day history yet)): +$1,350 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 10 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0194% / S −0.1287%	pay 0.0024% / 1h	6m 22s	$404	—	100x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003405	0.0044	get 0.0005% / 1h	6m 22s	$23K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +13.500%Rate

Funding earned: −$31.49
Price spread: +13.500% → 0.000%: $1,350
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1,299.51
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 40 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 40 min ago	7.27 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit

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 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-INTX	−0.0056%	1h	0.000003410	+13.667%	$44K	$89K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003404	+13.463%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	+9.133%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0044%	1h	0.000003405	+13.500%	$23K	$152K	10x
BloFin 1000BONK-USDT	+0.0046%	4h	0.000003407	+13.567%	$1.0M	$19.8M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003405	+13.503%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003408	+13.600%	$234K	$760K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003406	+13.550%	$64K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003404	+13.482%	$47K	$201K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003408	+13.600%	$113K	$151K	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	0.000003404	+13.461%	$17.3M	$90.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003402	+13.387%	$11.7M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003405	+13.500%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003405	+13.500%	$920K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003402	+13.400%	$10.6M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003405	+13.507%	$2.8M	$10.6M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003403	+13.433%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003404	+13.467%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003398	+13.254%	$321K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003405	+13.500%	$57K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003401	+13.367%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003410	+13.667%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003405	+13.500%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003412	+13.733%	$97K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003402	+13.413%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	+13.333%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]long	L +0.0194% / S −0.1287%	1h	0.000003000	long leg	$404	—	100x
Hyperliquid kBONK	+0.0383%	1h	0.000003410	+13.667%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1180%	1h	0.000003409	+13.633%	$53K	$25K	10x	as long as short
dYdX BONK-USD	+0.1465%	1h	0.000003405	+13.504%	$13K	$12K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1668%	1h	0.000003409	+13.626%	$173K	$254K	50x	as long as short