BONK

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+12.167%

7d average—if it closes, per $10,000$1217funding while held, a day+$3.19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0062% / S 0.0000%	pay 0.0008% / 1h	44m 43s	$24	—	100x
Short	Lighter 1000BONK	0.000003365	0.0168	get 0.0021% / 1h	44m 43s	$216K	$238K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee GMXbpFee LighterbpOrdersClose when spread is

Spread captured: $1,216.67
Funding while held: $3.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $1,207.86
Spread needed to break even: 0.120%

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 47 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0106%
Per $10,000 a day: +$3.19
Average in range /8h: —

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 Lighter live order book, 47 min ago	1.52 bp	9.9 bp −$10	31.9 bp −$319	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 price on every exchange

against the cheapest. Click to use as the short leg.

GMX0.000003000cheapest

Injective0.000003234+7.800%

Coinbase International0.000003350+11.667%

OKX0.000003356+11.867%

SoDEX0.000003356+11.867%

Backpack0.000003357+11.900%

Aevo0.000003357+11.900%

Bybit0.000003357+11.903%

gTrade (Gains Network)0.000003357+11.913%

Bitget0.000003358+11.933%

Orderly0.000003358+11.933%

Deribit0.000003358+11.933%

BloFin0.000003358+11.933%

Extended0.000003358+11.946%

Binance0.000003359+11.967%

MEXC0.000003359+11.967%

dYdX0.000003360+12.000%

Pacifica0.000003360+12.000%

Gate0.000003360+12.000%

SunX0.000003360+12.000%

Aster0.000003360+12.011%

BingX0.000003361+12.033%

KuCoin0.000003361+12.040%

Nado0.000003361+12.050%

Reya0.000003362+12.069%

Variational Omni0.000003363+12.088%

ApeX Omni0.000003364+12.133%

Kraken Futures0.000003364+12.145%

Lighter0.000003365+12.167%

Hyperliquid0.000003368+12.267%

HTX0.000003370+12.333%

BONK on 31 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX BONK/USD [ETH-USDC]long	0.000%	L +0.0062% / S 0.0000%	1h	$24	—	100x
Injective BONK/USDC PERP	+7.800%	+0.0033%	1h	$3K	$36K	5.5x	as long as short
Coinbase International 1000BONK-PERP-INTX	+11.667%	−0.0520%	1h	$43K	$20K	50x	as long as short
OKX BONK-USDT-SWAP	+11.867%	+0.0100%	8h	$2.5M	$6.8M	20x	as long as short
SoDEX 1000BONK-USD	+11.867%	+0.0100%	1h	$2K	$6K	10x	as long as short
Backpack kBONK_USDC_PERP	+11.900%	+0.0100%	1h	$30K	$6K	10x	as long as short
Aevo 1000BONK-PERP	+11.900%	+0.0104%	1h	$4K	—	3x	as long as short
Bybit 1000BONKUSDT	+11.903%	+0.0100%	4h	$10.1M	$14.6M	50x	as long as short
gTrade (Gains Network) BONK/USD	+11.913%	L +0.0001% / S +0.0001%	1h	$23	—	150x	as long as short
Bitget 1000BONKUSDT	+11.933%	+0.0100%	4h	$4.2M	$2.8M	75x	as long as short

Show all 31 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_1000BONK_USDC	+11.933%	−0.0243%	4h	$29K	$38K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+11.933%	0.0000%	1h	$12K	$90K	10x	as long as short
BloFin 1000BONK-USDT	+11.933%	−0.0140%	4h	$1.0M	$13.4M	75x	as long as short
Extended 1000BONK-USD	+11.946%	+0.0104%	1h	$22K	$623K	25x	as long as short
Binance 1000BONKUSDT	+11.967%	+0.0100%	4h	$15.1M	$46.0M	75x	as long as short
MEXC 1000BONK_USDT	+11.967%	+0.0100%	4h	$10.2M	$5.9M	125x	as long as short
dYdX BONK-USD	+12.000%	0.0000%	1h	$12K	$3K	10x	as long as short
Pacifica kBONK	+12.000%	+0.0100%	1h	$112K	$104K	10x	as long as short
Gate BONK_USDT	+12.000%	+0.0100%	4h	$718K	$2.2M	50x	as long as short
SunX BONK-USDT	+12.000%	+0.0100%	4h	$2K	$12K	20x	as long as short
Aster 1000BONKUSDT	+12.011%	+0.0100%	4h	$60K	$243K	10x	as long as short
BingX 1000BONK-USDT	+12.033%	+0.0100%	4h	—	$7.7M	—	as long as short
KuCoin 1000BONKUSDTM	+12.040%	+0.0100%	4h	$2.8M	$8.8M	75x	as long as short
Nado kBONK-PERP	+12.050%	+0.0100%	1h	$20K	$103K	10x	as long as short
Reya kBONKRUSDPERP	+12.069%	+0.0083%	1h	$4	—	15x	as long as short
Variational Omni 1000BONK	+12.088%	+0.0100%	4h	$303K	$162K	—	as long as short
ApeX Omni 1000BONKUSDT	+12.133%	−0.0392%	1h	$57K	$685K	25x	as long as short
Kraken Futures PF_BONKUSD	+12.145%	+0.0923%	1h	$167K	$157K	50x	as long as short
Lighter 1000BONKshort	+12.167%	+0.0168%	1h	$216K	$238K	10x
Hyperliquid kBONK	+12.267%	+0.0775%	1h	$9.9M	$6.3M	10x	as long as short
HTX BONK-USDT	+12.333%	+0.0100%	4h	$79K	$108K	30x	as long as short