Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.014%
Price spread now: Extended against Lighter−0.095%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.095% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000BONK0.0000033630.0096pay 0.0012% / 1h8m 44s$189K$301K10x
ShortExtended 1000BONK-USD0.0000033600.0104get 0.0013% / 1h8m 44s$22K$2K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$1.68
Price spread: −0.095% → 0.000%
−$9.48
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$12.8
Costs to cover
0.050%
Break-even
60.3 days
Slippage unknown: Lighter: live order book, 65 min ago; Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 65 min ago4.47 bp10.8 bp −$1133.5 bp −$335doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0248%1h0.000003342−0.624%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.0000033630.000%$1.0M$13.4M75xas long as short
Orderly PERP_1000BONK_USDC−0.0085%4h0.000003364+0.030%$29K$41K20xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0047%1h0.0000033630.000%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003362−0.018%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003363−0.014%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.646%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003363−0.013%$415xas long as short
Lighter 1000BONKlong+0.0096%1h0.000003363long leg$189K$301K10x
Nado kBONK-PERP+0.0100%1h0.000003361−0.045%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003362−0.042%$64K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003362−0.030%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003362−0.030%$15.2M$51.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003360−0.089%$10.2M$16.7M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003361−0.059%$2.4M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003361−0.059%$720K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003361−0.059%$10.1M$6.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003361−0.056%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003358−0.149%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003360−0.089%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003365+0.059%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003360−0.088%$302K$121Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003362−0.030%$57K$700K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003367+0.119%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003364+0.030%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003370+0.208%$91K$151K30xas long as short
Extended 1000BONK-USDshort+0.0104%1h0.000003360−0.095%$22K$2K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003364+0.030%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.794%$562100xas long as short
Hyperliquid kBONK+0.0923%1h0.000003369+0.178%$10.1M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.0962%1h0.000003369+0.171%$205K$149K50xas long as short