BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against ApeX Omni+0.803%48s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

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

costs, in and out, $10k−$520.523% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.882%−$88 · spread now +0.803%, 7d avg +0.034%

Together, before fees−0.778%+ Points / potential airdropLighter: Season 3 · farm board−$78 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 0.769% dearer against ApeX Omni than usual: you sell high and buy low, +$77 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 48 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	ApeX Omni 1000BONKUSDT	0.000003487	0.0100	pay 0.0013% / 1h	46m 39s	$59K	$706K	25x
Short	Lighter 1000BONK	0.000003515	0.0096	get 0.0012% / 1h	46m 39s	$248K	$705K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.803%Rate

Funding earned: −$0.84
Price spread: +0.803% → +0.034%: $76.95
Slippage, 4 orders: −$42.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $23.85
Costs to cover: 0.523%
Break-even: from the start

Slippage from ApeX Omni: live order book, 67 min ago; Lighter: live order book, 49 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 ApeX Omni live order book, 67 min ago	5.72 bp	18.1 bp −$18	108.7 bp −$1,087	doesn't fit	doesn't fit
Sell Lighter live order book, 49 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	−0.0136%	1h	0.000003511	+0.688%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003510	+0.660%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003513	+0.748%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.108%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003511	+0.688%	$9K	$134K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003514	+0.787%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0090%	4h	0.000003509	+0.631%	$30K	$53K	20x	as long as short
Lighter 1000BONKshort	+0.0096%	1h	0.000003515	+0.803%	$248K	$705K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003514	+0.774%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003511	+0.688%	$119K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003512	+0.717%	$17.8M	$70.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003508	+0.588%	$11.6M	$21.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003511	+0.688%	$2.7M	$11.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003509	+0.631%	$918K	$3.0M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003514	+0.774%	$9.9M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003506	+0.556%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	+0.545%	$4.5M	$3.8M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003507	+0.574%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003490	+0.083%	$324K	$141K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003487	long leg	$59K	$706K	25x
Nado kBONK-PERP	+0.0100%	1h	0.000003516	+0.846%	$42K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003518	+0.889%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003512	+0.717%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003512	+0.717%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003510	+0.661%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003503	+0.459%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0114%	4h	0.000003512	+0.717%	$1.0M	$17.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−13.966%	$388	—	100x	as long as short
Hyperliquid kBONK	+0.1658%	1h	0.000003519	+0.918%	$11.9M	$6.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1740%	1h	0.000003515	+0.803%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2642%	1h	0.000003520	+0.946%	$216K	$218K	50x	as long as short