Funding you earn now, next payment 08:00 UTC+0.0820%/8h= +89.8% APRnext payment +$1.02 per $10,000 · paid last 24h +0.058%
Price spread now: Backpack against Lighter+0.142%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$25 a day on $10k at the current rate, and Backpack is 0.142% dearer against Lighter than usual: you sell high and buy low: +$14 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 | Lighter 1000BONK | 0.000003514 | 0.0544 | pay 0.0068% / 1h | 52m 46s | $247K | $754K | 10x |
| Short | Backpack kBONK_USDC_PERP | 0.000003519 | 0.1364 | get 0.0170% / 1h | 52m 46s | $54K | $23K | 10x |
Lighter 1000BONK
Backpack kBONK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $172.16
- Price spread: +0.142% → 0.000%
- $14.23
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $176.39
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 33 min ago; Backpack: no order-book sample. 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 Lighter live order book, 33 min ago | 4.13 bp | 15.4 bp −$15 | 40.4 bp −$404 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 | −0.0040% | 1h | 0.000003505 | −0.256% | $43K | $63K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003511 | −0.077% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003507 | −0.194% | $24 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −6.830% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003510 | −0.103% | $4 | — | 15x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003512 | −0.043% | $63K | $132K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003516 | +0.057% | $58K | $318K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003509 | −0.142% | $116K | $141K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003511 | −0.098% | $18.1M | $83.8M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003508 | −0.185% | $12.1M | $25.6M | 50x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Nado kBONK-PERP
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003507 | −0.199% | $2.9M | $14.1M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003511 | −0.085% | $964K | $3.5M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003512 | −0.057% | $11.5M | $9.4M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003511 | −0.100% | $3.0M | $10.9M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003507 | −0.199% | $4.5M | $5.0M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003509 | −0.142% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003490 | −0.687% | $328K | $99K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003521 | +0.199% | $59K | $706K | 25x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0100% | 4h | 0.000003503 | −0.313% | $30K | $52K | 20x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003514 | 0.000% | $2K | $15K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003509 | −0.142% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003512 | −0.057% | $100K | $133K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003511 | −0.097% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003504 | −0.285% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0150% | 4h | 0.000003515 | +0.028% | $1.1M | $19.5M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.3950% | 1h | 0.000003000 | −14.627% | $536 | — | 100x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0321% | 1h | 0.000003507 | −0.199% | $34K | $165K | 10x | as long as short |
| Lighter 1000BONKlong | +0.0544% | 1h | 0.000003514 | long leg | $247K | $754K | 10x | |
| Hyperliquid kBONK | +0.1068% | 1h | 0.000003515 | +0.028% | $12.1M | $8.1M | 10x | as long as short |
| Backpack kBONK_USDC_PERPshort | +0.1364% | 1h | 0.000003519 | +0.142% | $54K | $23K | 10x | |
| Kraken Futures PF_BONKUSD | +0.4523% | 1h | 0.000003524 | +0.277% | $180K | $261K | 50x | as long as short |
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDC
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Orderly PERP_1000BONK_USDC
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
BloFin 1000BONK-USDT
GMX BONK/USD [ETH-USDC]
Deribit 1000BONK_USDC-PERPETUAL
Hyperliquid kBONK
Kraken Futures PF_BONKUSD