How to Short BONK On-Chain (Step by Step)

Four steps from an empty wallet to an open short on the BONK perpetual — sizing from the stop, the liquidation check and the funding mechanics at every step, with the live mark and the market's funding APR as the reference numbers.

Sign up on Canborsa with email, X or a wallet

Connecting is the whole sign-up: no broker application, no margin agreement to countersign.

EmailXWallet

Fund with USDC as margin

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Margin stays in your control until a position opens; there is no wallet-to-exchange transfer step.

→ Robinhood Chain

Open BONK-PERP and pick SHORT

Pick BONK in the markets list. The ticket shows the mark price, the current funding rate and the direction toggle.

BONK-PERPPerpetual · USDC margin SHORT up to —

Set size and leverage from the stop

Decide the invalidation level first, then divide your risk budget by the distance to it; a short's stop sits above entry. The ticket shows the liquidation price before you confirm. While the position is open, a positive funding rate pays the short side and a negative one charges it.

BONK funding on Canborsa

Crypto · Perpetual

Live —

When the rate is positive, longs pay shorts. A short on BONK-PERP receives that payment, or pays it when the sign flips.

Settlement is every 1h on the notional.

Up to 10x, settled in USDC.

No. A perpetual position tracks price and does not confer ownership of the underlying.

Yes — a short perpetual position uses the same margin mechanics as a long.