BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0376%/8h= −41.2% APRnext payment −$0.47 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Lighter−0.136%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on dYdX

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 against this trade now: funding costs −$11 a day on $10k at the current rate, and dYdX is 0.136% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000BONK	0.000003421	0.0376	pay 0.0047% / 1h	5m 43s	$355K	$475K	10x
Short	dYdX BONK-USD	0.000003416	0	get 0.0000% / 1h	5m 43s	$12K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$78.96
Price spread: −0.136% → 0.000%: −$13.59
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$102.55
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 50 min ago; dYdX: 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, 50 min ago	1.48 bp	10.0 bp −$10	27.5 bp −$275	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.0376%	1h	0.000003371	−1.462%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003416	−0.146%	$1.0M	$14.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0035%	4h	0.000003403	−0.526%	$29K	$39K	20x	as long as short
dYdX BONK-USDshort	0.0000%	1h	0.000003416	−0.136%	$12K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003406	−0.433%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.297%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	−0.398%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003409	−0.336%	$19K	$99K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003408	−0.388%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003414	−0.205%	$113K	$122K	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	0.000003417	−0.124%	$15.9M	$53.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003414	−0.205%	$10.8M	$17.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003417	−0.117%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003414	−0.205%	$730K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003417	−0.117%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003414	−0.219%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003415	−0.175%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003416	−0.146%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003406	−0.442%	$312K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003424	+0.088%	$58K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003416	−0.146%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003408	−0.380%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003439	+0.526%	$95K	$156K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003415	−0.186%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003403	−0.526%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.306%	$569	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0337%	1h	0.000003407	−0.409%	$2K	$110K	10x	as long as short
Lighter 1000BONKlong	+0.0376%	1h	0.000003421	long leg	$355K	$475K	10x
Backpack kBONK_USDC_PERP	+0.0407%	1h	0.000003410	−0.322%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0599%	1h	0.000003423	+0.058%	$9.8M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1457%	1h	0.000003420	−0.024%	$213K	$165K	50x	as long as short