BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0749%/8h= −82.0% APRnext payment −$0.94 per $10,000 · paid last 24h −0.308%

Price spread now: Coinbase International against Hyperliquid−0.401%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Coinbase International is 0.401% cheaper against Hyperliquid than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kBONK	0.000003495	0.0725	pay 0.0091% / 1h	49m 15s	$11.9M	$8.4M	10x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003481	−0.0024	pay 0.0003% / 1h	49m 15s	$42K	$68K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.401%Rate

Funding earned: −$157.34
Price spread: −0.401% → 0.000%: −$40.06
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$216.39
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; 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 Hyperliquid live order book, 3 min ago	1.42 bp	12.4 bp −$12	33.0 bp −$330	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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 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-INTXshort	−0.0024%	1h	0.000003481	−0.401%	$42K	$68K	50x
dYdX BONK-USD	0.0000%	1h	0.000003489	−0.160%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003489	−0.166%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.323%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0073%	4h	0.000003493	−0.057%	$1.1M	$20.2M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003489	−0.173%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003492	−0.072%	$70K	$139K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003493	−0.062%	$58K	$334K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003483	−0.343%	$116K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003487	−0.231%	$18.3M	$89.6M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003494	−0.023%	$12.3M	$27.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003491	−0.114%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003489	−0.172%	$922K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003491	−0.114%	$11.2M	$9.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003491	−0.117%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003491	−0.114%	$4.5M	$5.5M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003491	−0.114%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003509	+0.398%	$329K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003515	+0.572%	$59K	$702K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003488	−0.200%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003494	−0.029%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003490	−0.143%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003490	−0.143%	$99K	$135K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003489	−0.168%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003491	−0.114%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.163%	$532	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0323%	1h	0.000003491	−0.114%	$34K	$164K	10x	as long as short
Lighter 1000BONK	+0.0352%	1h	0.000003494	−0.029%	$244K	$757K	10x	as long as short
Hyperliquid kBONKlong	+0.0725%	1h	0.000003495	long leg	$11.9M	$8.4M	10x
Backpack kBONK_USDC_PERP	+0.2211%	1h	0.000003476	−0.544%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2971%	1h	0.000003495	−0.013%	$178K	$275K	50x	as long as short