Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.004%
Price spread now: Lighter against OKX+0.141%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.141%, 7d avg +0.032%
=Together, before fees−0.051%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.109% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BONK-USDT-SWAP | 0.000003545 | 0.0100 | pay 0.0100% / 8h | 3h 02m | $2.6M | $10.8M | 20x |
| Short | Lighter 1000BONK | 0.000003550 | 0.0224 | get 0.0028% / 1h | 2m 44s | $247K | $700K | 10x |
OKX BONK-USDT-SWAP
Lighter 1000BONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.04
- Price spread: +0.141% → +0.032%
- $10.92
- Slippage, 4 orders
- −$42.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.55
- Costs to cover
- 0.525%
- Break-even
- 11.2 days
Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 33 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 OKX live order book, 5 min ago | 1.40 bp | 18.4 bp −$18 | 55.0 bp −$550 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 33 min ago | 1.42 bp | 3.6 bp −$4 | 30.0 bp −$300 | 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 | −0.0312% | 1h | 0.000003553 | +0.226% | $44K | $46K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003560 | +0.423% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003561 | +0.457% | $25 | — | 150x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0031% | 1h | 0.000003562 | +0.480% | $9K | $133K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −7.645% | $3K | $113 | 5.5x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0081% | 4h | 0.000003565 | +0.564% | $31K | $53K | 20x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003562 | +0.491% | $4 | — | 15x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003560 | +0.437% | $43K | $111K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003544 | −0.036% | $67K | $290K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003561 | +0.451% | $122K | $113K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Deribit 1000BONK_USDC-PERPETUAL
Injective BONK/USDC PERP
Orderly PERP_1000BONK_USDC
Reya kBONKRUSDPERP
Nado kBONK-PERP
Aster 1000BONKUSDT
Pacifica kBONKShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003549 | +0.117% | $17.9M | $67.2M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003544 | −0.020% | $11.7M | $21.0M | 50x | as long as short |
| OKX BONK-USDT-SWAPlong | +0.0100% | 8h | 0.000003545 | long leg | $2.6M | $10.8M | 20x | |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003548 | +0.085% | $924K | $2.9M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003552 | +0.197% | $9.9M | $7.9M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003554 | +0.251% | $3.1M | $10.2M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003546 | +0.028% | $4.5M | $3.6M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003546 | +0.028% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003590 | +1.266% | $333K | $140K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003591 | +1.298% | $60K | $708K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003564 | +0.536% | $2K | $13K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003560 | +0.423% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003561 | +0.451% | $101K | $127K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003551 | +0.157% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003563 | +0.508% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0158% | 4h | 0.000003564 | +0.536% | $1.0M | $17.4M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0194% / S −0.2801% | 1h | 0.000003000 | −15.374% | $393 | — | 100x | as long as short |
| Lighter 1000BONKshort | +0.0224% | 1h | 0.000003550 | +0.141% | $247K | $700K | 10x | |
| Hyperliquid kBONK | +0.1067% | 1h | 0.000003554 | +0.254% | $11.7M | $6.0M | 10x | as long as short |
| Backpack kBONK_USDC_PERP | +0.1557% | 1h | 0.000003562 | +0.480% | $49K | $16K | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2355% | 1h | 0.000003566 | +0.586% | $227K | $202K | 50x | as long as short |
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDC
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
BloFin 1000BONK-USDT
GMX BONK/USD [ETH-USDC]
Hyperliquid kBONK
Backpack kBONK_USDC_PERP
Kraken Futures PF_BONKUSD