BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.018%

Price spread now: Lighter against Reya+0.089%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.089% dearer against Reya than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003504	0.0083	pay 0.0010% / 1h	2m 10s	$4	—	15x
Short	Lighter 1000BONK	0.000003507	0.0208	get 0.0026% / 1h	2m 10s	$246K	$775K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.089%Rate

Funding earned: $26.28
Price spread: +0.089% → 0.000%: $8.88
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $29.16
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 13 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 13 min ago	2.87 bp	11.6 bp −$12	24.0 bp −$240	doesn't fit	doesn't fit

Reya: 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	−0.0024%	1h	0.000003500	−0.111%	$46K	$94K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003503	−0.022%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.561%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003504	long leg	$4	—	15x
BloFin 1000BONK-USDT	+0.0096%	4h	0.000003500	−0.111%	$1.1M	$20.0M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003503	−0.011%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003504	+0.003%	$48K	$291K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003501	−0.082%	$116K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003506	+0.060%	$18.0M	$91.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003501	−0.080%	$12.5M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003505	+0.032%	$3.1M	$15.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003500	−0.111%	$927K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003504	+0.003%	$11.5M	$10.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003501	−0.071%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003502	−0.054%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003503	−0.025%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003489	−0.427%	$340K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003488	−0.453%	$59K	$697K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003500	−0.111%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003510	+0.174%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003506	+0.060%	$3K	$8K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003511	+0.203%	$100K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003504	−0.009%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003499	−0.139%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.381%	$535	—	100x	as long as short
Lighter 1000BONKshort	+0.0208%	1h	0.000003507	+0.089%	$246K	$775K	10x
dYdX BONK-USD	+0.0577%	1h	0.000003499	−0.127%	$13K	$10K	10x	as long as short
Hyperliquid kBONK	+0.0578%	1h	0.000003510	+0.174%	$11.9M	$8.4M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0607%	1h	0.000003505	+0.032%	$24K	$162K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1613%	1h	0.000003504	+0.003%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2958%	1h	0.000003509	+0.149%	$178K	$272K	50x	as long as short