BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.016%

Price spread now: Lighter against ApeX Omni−1.699%78s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.523% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+1.460%+$146 · spread now −1.699%, 7d avg +0.034%

Together, before fees+1.563%+ Points / potential airdropLighter: Season 3 · farm board+$156 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 1.733% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −1.699% now, against its 7-day average of +0.034%). If the spread goes back, that is −$173 on $10k: about 47 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.103% in total) that is about 4 months. The two prices were read 78 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	ApeX Omni 1000BONKUSDT	0.000003591	0.0100	pay 0.0013% / 1h	2m 12s	$60K	$708K	25x
Short	Lighter 1000BONK	0.000003530	0.0224	get 0.0028% / 1h	2m 12s	$247K	$702K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −1.699%Rate

Funding earned: $26.04
Price spread: −1.699% → +0.034%: −$173.3
Slippage, 4 orders: −$42.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$199.52
Costs to cover: 0.523%
Break-even: 60.6 days

Slippage from ApeX Omni: live order book, 51 min ago; Lighter: live order book, 33 min ago.

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 ApeX Omni live order book, 51 min ago	5.72 bp	18.1 bp −$18	108.7 bp −$1,087	doesn't fit	doesn't fit
Sell Lighter live order book, 33 min ago	1.42 bp	3.6 bp −$4	30.0 bp −$300	doesn't fit	doesn't fit

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	0.000003527	−1.782%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003539	−1.437%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003531	−1.671%	$9K	$133K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003542	−1.373%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.828%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003546	−1.241%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0084%	4h	0.000003530	−1.699%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003544	−1.309%	$43K	$111K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003527	−1.777%	$66K	$290K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003542	−1.365%	$122K	$113K	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	0.000003524	−1.853%	$17.8M	$67.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003520	−1.977%	$11.6M	$21.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003533	−1.615%	$2.6M	$10.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003542	−1.365%	$924K	$2.9M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003547	−1.225%	$9.8M	$7.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003545	−1.281%	$3.0M	$10.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003527	−1.782%	$4.5M	$3.6M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003545	−1.281%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003590	−0.031%	$333K	$140K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003591	long leg	$60K	$708K	25x
SunX BONK-USDT	+0.0100%	4h	0.000003535	−1.559%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003528	−1.754%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003541	−1.392%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003530	−1.710%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003527	−1.782%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0158%	4h	0.000003564	−0.752%	$1.0M	$17.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.458%	$390	—	100x	as long as short
Lighter 1000BONKshort	+0.0224%	1h	0.000003530	−1.699%	$247K	$702K	10x
Hyperliquid kBONK	+0.1070%	1h	0.000003555	−1.003%	$11.7M	$6.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1557%	1h	0.000003562	−0.808%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2378%	1h	0.000003531	−1.678%	$225K	$203K	50x	as long as short