Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against Aevo+0.087%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.087% dearer against Aevo than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000034460.0104pay 0.0013% / 1h24m 36s$4K3x
ShortLighter 1000BONK0.0000034490.0104get 0.0013% / 1h24m 36s$232K$671K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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

Funding earned
$0
Price spread: +0.087% → 0.000%
$8.71
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
−$7.29
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 26 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Lighter live order book, 26 min ago2.93 bp12.1 bp −$1231.4 bp −$314doesn't fitdoesn't fit
Aevo: 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 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0336%1h0.000003369−2.234%$43K$26K50xas long as short
Orderly PERP_1000BONK_USDC−0.0006%4h0.0000034460.000%$30K$58K20xas long as short
dYdX BONK-USD0.0000%1h0.000003445−0.017%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003447+0.017%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.991%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0040%1h0.000003447+0.029%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003446+0.013%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003440−0.160%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003451+0.151%$66K$253K10xas long as short
Pacifica kBONK+0.0100%1h0.000003448+0.058%$114K$123K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003442−0.127%$16.2M$56.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003440−0.163%$11.0M$17.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003443−0.087%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003441−0.145%$762K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003440−0.174%$9.6M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.0000034460.000%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003440−0.174%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003441−0.145%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003458+0.346%$315K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003439−0.203%$58K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003450+0.116%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.0000034460.000%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003451+0.145%$98K$158K30xas long as short
Lighter 1000BONKshort+0.0104%1h0.000003449+0.087%$232K$671K10x
Extended 1000BONK-USD+0.0104%1h0.000003440−0.172%$22K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003446long leg$4K3x
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−12.943%$576100xas long as short
Backpack kBONK_USDC_PERP+0.0379%1h0.000003447+0.029%$31K$7K10xas long as short
Hyperliquid kBONK+0.0991%1h0.000003455+0.261%$10.3M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2037%1h0.000003458+0.342%$216K$165K50xas long as short