BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2593%/8h= +283.9% APRnext payment +$3.24 per $10,000 · paid last 24h +0.610%

Price spread now: GMX against Lighter−14.310%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 GMX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 14.310% cheaper against Lighter than usual: you would sell low and buy high (spread −14.310% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,431 on $10k: about 18 days of funding at the current rate (+$78 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000BONK	0.000003501	0.0208	pay 0.0026% / 1h	1m 15s	$246K	$703K	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0194% / S −0.2801%	get 0.0350% / 1h	1m 15s	$386	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −14.310%Rate

Funding earned: $544.47
Price spread: −14.310% → 0.000%: −$1,431.02
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$898.55
Costs to cover: 0.120%
Break-even: 18.6 days

Slippage unknown: Lighter: live order book, 34 min ago; GMX: 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, 34 min ago	1.42 bp	16.6 bp −$17	42.2 bp −$422	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0312%	1h	0.000003507	+0.171%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003508	+0.210%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003498	−0.097%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.484%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0036%	1h	0.000003502	+0.029%	$9K	$133K	10x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003501	0.000%	$1.0M	$17.2M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003504	+0.084%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0084%	4h	0.000003503	+0.057%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003505	+0.129%	$40K	$112K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003501	−0.011%	$66K	$291K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003515	+0.400%	$121K	$113K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003498	−0.086%	$17.7M	$68.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003494	−0.203%	$11.5M	$21.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003495	−0.171%	$2.6M	$10.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003501	0.000%	$912K	$2.9M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003497	−0.114%	$9.6M	$7.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003495	−0.171%	$3.0M	$10.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003491	−0.286%	$4.5M	$3.6M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003493	−0.229%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003590	+2.538%	$333K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003560	+1.685%	$60K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003500	−0.029%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003496	−0.143%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003557	+1.600%	$101K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003503	+0.045%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003501	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0194% / S −0.2801%	1h	0.000003000	−14.310%	$386	—	100x
Lighter 1000BONKlong	+0.0208%	1h	0.000003501	long leg	$246K	$703K	10x
Hyperliquid kBONK	+0.1071%	1h	0.000003514	+0.371%	$11.6M	$6.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1545%	1h	0.000003500	−0.029%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2398%	1h	0.000003502	+0.040%	$223K	$203K	50x	as long as short