BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1962%/8h= +214.9% APRnext payment +$2.45 per $10,000 · paid last 24h +0.456%

Price spread now: GMX against Kraken Futures−15.065%54s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Funding pays, the price is against you. GMX is 15.065% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −15.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,507 on $10k: about 26 days of funding at the current rate (+$59 a day). The two prices were read 54 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	Kraken Futures PF_BONKUSD	0.000003532	0.2377	pay 0.0297% / 1h	17m 28s	$225K	$176K	50x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0197% / S −0.4340%	get 0.0542% / 1h	17m 28s	$590	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −15.065%Rate

Funding earned: $412.11
Price spread: −15.065% → 0.000%: −$1,506.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,116.4
Costs to cover: 0.220%
Break-even: 26.0 days

Slippage unknown: Kraken Futures: live order book, 35 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 Kraken Futures live order book, 35 min ago	24.27 bp	50.8 bp −$51	156.4 bp −$1,564	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	0.000003511	−0.598%	$44K	$40K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003526	−0.163%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003531	−0.029%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.308%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003534	+0.053%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003531	−0.034%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003531	−0.018%	$39K	$108K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003537	+0.126%	$82K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003530	−0.060%	$120K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003536	+0.119%	$17.5M	$64.0M	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	0.000003535	+0.082%	$11.5M	$19.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003533	+0.025%	$2.6M	$10.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003532	−0.003%	$884K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003537	+0.138%	$10.0M	$7.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003535	+0.087%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003533	+0.025%	$4.5M	$3.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003535	+0.082%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003518	−0.403%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003548	+0.450%	$60K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003528	−0.117%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003524	−0.230%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003533	+0.025%	$100K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003531	−0.045%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003520	−0.343%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0120%	4h	0.000003535	+0.082%	$1.0M	$16.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0197% / S −0.4340%	1h	0.000003000	−15.065%	$590	—	100x
Lighter 1000BONK	+0.0240%	1h	0.000003531	−0.032%	$247K	$692K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0318%	1h	0.000003524	−0.230%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0848%	1h	0.000003538	+0.166%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1448%	1h	0.000003530	−0.060%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSDlong	+0.2377%	1h	0.000003532	long leg	$225K	$176K	50x