BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.031%

Price spread now: Lighter against Nado+0.164%47s7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.542% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)−0.526%−$53 · spread now +0.164%, 7d avg +0.023%

Together, before fees−0.498%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$50 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.141% dearer against Nado than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003357	0.0100	pay 0.0013% / 1h	28m 51s	$19K	$106K	10x
Short	Lighter 1000BONK	0.000003363	0.0096	get 0.0012% / 1h	28m 51s	$189K	$300K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$0.84
Price spread: +0.164% → +0.023%: $14.08
Slippage, 4 orders: −$47.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.96
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Nado: live order book, 53 min ago; Lighter: live order book, 45 min ago.

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 Nado live order book, 53 min ago	2.97 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 45 min ago	4.47 bp	10.1 bp −$10	38.3 bp −$383	doesn't fit	doesn't fit

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	−0.0248%	1h	0.000003340	−0.521%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003359	+0.045%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0078%	4h	0.000003359	+0.045%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003359	+0.042%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003359	+0.033%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003358	+0.015%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.487%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003356	−0.042%	$4	—	15x	as long as short
Lighter 1000BONKshort	+0.0096%	1h	0.000003363	+0.164%	$189K	$300K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003359	+0.031%	$64K	$251K	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	0.000003355	−0.074%	$113K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003359	+0.049%	$15.1M	$51.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003359	+0.033%	$10.2M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003361	+0.104%	$2.4M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003355	−0.074%	$742K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003359	+0.045%	$10.2M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003357	−0.015%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003361	+0.104%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003356	−0.045%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003361	+0.104%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003352	−0.161%	$301K	$121K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003362	+0.134%	$57K	$699K	25x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003357	long leg	$19K	$106K	10x
SunX BONK-USDT	+0.0100%	4h	0.000003361	+0.104%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003356	−0.045%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003358	+0.012%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003357	−0.015%	$4K	—	3x	as long as short
HTX BONK-USDT	+0.0115%	4h	0.000003382	+0.730%	$91K	$150K	30x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.648%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0927%	1h	0.000003368	+0.313%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0964%	1h	0.000003360	+0.086%	$204K	$149K	50x	as long as short