BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0408%/8h= +44.7% APRnext payment +$0.51 per $10,000 · paid last 24h +0.176%

Price spread now: Lighter against Coinbase International+0.347%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.347% dearer against Coinbase International than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003457	−0.0312	get 0.0039% / 1h	57m 40s	$43K	$36K	50x
Short	Lighter 1000BONK	0.000003469	0.0096	get 0.0012% / 1h	57m 40s	$226K	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.347%Rate

Funding earned: $85.68
Price spread: +0.347% → 0.000%: $34.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $110.39
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 43 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Lighter live order book, 43 min ago	4.44 bp	13.0 bp −$13	54.8 bp −$548	doesn't fit	doesn't fit

Coinbase International: 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-INTXlong	−0.0312%	1h	0.000003457	long leg	$43K	$36K	50x
dYdX BONK-USD	0.0000%	1h	0.000003463	+0.185%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003456	−0.040%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.294%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0079%	4h	0.000003459	+0.058%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003455	−0.060%	$4	—	15x	as long as short
Lighter 1000BONKshort	+0.0096%	1h	0.000003469	+0.347%	$226K	$671K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003460	+0.087%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003463	+0.174%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003463	+0.174%	$16.7M	$60.5M	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	0.000003462	+0.148%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003462	+0.145%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003459	+0.058%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003465	+0.231%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003463	+0.188%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003461	+0.116%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003464	+0.202%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.199%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003454	−0.087%	$58K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003457	+0.014%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003465	+0.231%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003462	+0.145%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003464	+0.202%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003465	+0.218%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003459	+0.058%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0112%	4h	0.000003456	−0.029%	$972K	$15.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.220%	$577	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0275%	1h	0.000003467	+0.289%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0482%	1h	0.000003472	+0.434%	$10.2M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0906%	1h	0.000003463	+0.174%	$6K	$123K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2417%	1h	0.000003474	+0.499%	$224K	$177K	50x	as long as short