BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3594%/8h= +393.5% APRnext payment +$4.49 per $10,000 · paid last 24h +0.503%

Price spread now: GMX against Hyperliquid−14.114%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 GMX

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 14.114% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −14.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,411 on $10k: about 13 days of funding at the current rate (+$108 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kBONK	0.000003493	0.0746	pay 0.0093% / 1h	49m 19s	$10.3M	$4.9M	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0197% / S −0.4340%	get 0.0542% / 1h	49m 19s	$583	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −14.114%Rate

Funding earned: $754.64
Price spread: −14.114% → 0.000%: −$1,411.39
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$677.75
Costs to cover: 0.210%
Break-even: 13.3 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; GMX: 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	1.43 bp	7.2 bp −$7	35.5 bp −$355	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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	−0.0312%	1h	0.000003486	−0.200%	$44K	$37K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003487	−0.161%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003485	−0.226%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.270%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0078%	4h	0.000003498	+0.143%	$988K	$16.0M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003482	−0.315%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003485	−0.230%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003493	0.000%	$235K	$678K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003495	+0.071%	$81K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003490	−0.086%	$116K	$105K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003486	−0.193%	$16.9M	$60.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003484	−0.272%	$11.4M	$19.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003485	−0.229%	$2.6M	$9.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003487	−0.172%	$863K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003485	−0.229%	$9.4M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003490	−0.097%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003484	−0.258%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003485	−0.229%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	−0.003%	$322K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003485	−0.229%	$59K	$705K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003487	−0.172%	$36K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003495	+0.057%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003488	−0.143%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003491	−0.057%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003488	−0.142%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003487	−0.172%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0197% / S −0.4340%	1h	0.000003000	−14.114%	$583	—	100x
Deribit 1000BONK_USDC-PERPETUAL	+0.0323%	1h	0.000003490	−0.086%	$6K	$123K	10x	as long as short
Hyperliquid kBONKlong	+0.0746%	1h	0.000003493	long leg	$10.3M	$4.9M	10x
Backpack kBONK_USDC_PERP	+0.1074%	1h	0.000003497	+0.115%	$32K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2403%	1h	0.000003494	+0.025%	$223K	$178K	50x	as long as short