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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0161%/8h= −17.6% APRnext payment $0.20 per $10,000 · paid last 24h −0.034%
Price spread now: gTrade (Gains Network) against Lighter−0.099%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 3 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 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000BONK0.0000035180.0160pay 0.0020% / 1h29m 49s$246K$692K10x
ShortgTrade (Gains Network) BONK/USD0.000003514L +0.0001% / S +0.0001%pay 0.0000% / 1h29m 49s$24150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$33.77
Price spread: −0.099% → 0.000%
−$9.95
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$53.72
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; gTrade (Gains Network): 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, 6 min ago1.42 bp16.6 bp −$1742.2 bp −$422doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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−0.0312%1h0.000003510−0.227%$44K$39K50xas long as short
dYdX BONK-USD0.0000%1h0.000003516−0.048%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDshortL +0.0001% / S +0.0001%1h0.000003514−0.099%$24150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.936%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0035%1h0.000003514−0.114%$6K$123K10xas long as short
Orderly PERP_1000BONK_USDC+0.0082%4h0.000003517−0.028%$30K$54K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003515−0.090%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003515−0.071%$40K$104K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003517−0.018%$81K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.0000035180.000%$117K$105K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003517−0.028%$17.2M$62.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003515−0.085%$11.5M$19.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003514−0.114%$2.6M$9.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003514−0.114%$874K$2.8M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000035180.000%$9.8M$7.4M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003515−0.077%$3.0M$10.0M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003511−0.199%$4.4M$3.2M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003512−0.171%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003521+0.082%$327K$139Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003494−0.682%$59K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003520+0.057%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003515−0.085%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003525+0.199%$100K$121K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003513−0.129%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003517−0.028%$4K3xas long as short
BloFin 1000BONK-USDT+0.0157%4h0.000003522+0.114%$1.0M$16.4M75xas long as short
Lighter 1000BONKlong+0.0160%1h0.000003518long leg$246K$692K10x
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−14.724%$587100xas long as short
Hyperliquid kBONK+0.0837%1h0.000003520+0.057%$10.4M$5.0M10xas long as short
Backpack kBONK_USDC_PERP+0.1393%1h0.000003519+0.028%$48K$16K10xas long as short
Kraken Futures PF_BONKUSD+0.2380%1h0.000003528+0.290%$225K$178K50xas long as short