BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.037%

Price spread now: Lighter against dYdX+0.210%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 +$6 a day on $10k at the current rate, and Lighter is 0.210% dearer against dYdX than usual: you sell high and buy low: +$21 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	dYdX BONK-USD	0.000003643	0	get 0.0000% / 1h	33m 21s	$13K	$3K	10x
Short	Lighter 1000BONK	0.000003651	0.0192	get 0.0024% / 1h	33m 21s	$254K	$746K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.210%Rate

Funding earned: $40.32
Price spread: +0.210% → 0.000%: $21.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $51.33
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 57 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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 57 min ago	1.42 bp	9.0 bp −$9	39.0 bp −$390	doesn't fit	doesn't fit

dYdX: 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	−0.0016%	1h	0.000003626	−0.476%	$46K	$62K	50x	as long as short
dYdX BONK-USDlong	0.0000%	1h	0.000003643	long leg	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003629	−0.388%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.138%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0069%	4h	0.000003640	−0.092%	$1.1M	$19.3M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003631	−0.341%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003636	−0.202%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003643	−0.009%	$121K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003635	−0.229%	$18.8M	$79.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003629	−0.394%	$12.6M	$24.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003633	−0.284%	$3.0M	$13.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003635	−0.229%	$999K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003632	−0.311%	$12.4M	$9.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003633	−0.276%	$2.9M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003628	−0.421%	$4.7M	$4.6M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003631	−0.339%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003644	+0.014%	$345K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003700	+1.555%	$62K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003632	−0.298%	$55K	$123K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003630	−0.366%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003638	−0.147%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003633	−0.284%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003634	−0.256%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003632	−0.322%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003629	−0.394%	$4K	—	3x	as long as short
Lighter 1000BONKshort	+0.0192%	1h	0.000003651	+0.210%	$254K	$746K	10x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.658%	$557	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0301%	1h	0.000003632	−0.311%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1227%	1h	0.000003640	−0.092%	$12.5M	$7.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1764%	1h	0.000003633	−0.284%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2960%	1h	0.000003648	+0.115%	$225K	$221K	50x	as long as short