Funding you earn now, next payment 07:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.081%
Price spread now: Deribit against Lighter+0.110%7-day average −0.045% · 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−$35as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 6 days (all we have)−0.558%−$56 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.110%, 7d avg −0.045%
=Together, before fees−0.717%+ Points / potential airdropLighter: Season 3 · farm board−$72 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.155% dearer against Lighter than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 6 days funding on this pair cost −0.558%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000BONK | 0.000003625 | 0.0144 | pay 0.0018% / 1h | 24m 42s | $253K | $747K | 10x |
| Short | Deribit 1000BONK_USDC-PERPETUAL | 0.000003629 | 0.0301 | get 0.0038% / 1h | 24m 42s | $25K | $165K | 10x |
Lighter 1000BONK
Deribit 1000BONK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- $33.06
- Price spread: +0.110% → −0.045%
- $15.51
- Slippage, 4 orders
- −$43.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$2.4
- Costs to cover
- 0.510%
- Break-even
- 7.5 days
Slippage from Lighter: live order book, 66 min ago; Deribit: 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 Lighter live order book, 66 min ago | 1.42 bp | 18.2 bp −$18 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 49 min ago | 8.39 bp | 11.9 bp −$12 | doesn't fit | 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 | −0.0016% | 1h | 0.000003626 | +0.028% | $46K | $62K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003629 | +0.121% | $13K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003632 | +0.185% | $25 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −9.683% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003632 | +0.191% | $4 | — | 15x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003624 | −0.028% | $60K | $303K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003620 | −0.138% | $120K | $138K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003622 | −0.091% | $18.7M | $79.7M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003618 | −0.207% | $12.5M | $24.6M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003618 | −0.193% | $3.0M | $13.7M | 20x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BONK_USDT | +0.0100% | 4h | 0.000003619 | −0.166% | $961K | $3.4M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003620 | −0.138% | $12.0M | $9.2M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003620 | −0.143% | $3.1M | $10.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003619 | −0.166% | $4.7M | $4.7M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003619 | −0.166% | — | $5.0M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003630 | +0.134% | $341K | $147K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003631 | +0.166% | $61K | $706K | 25x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003631 | +0.179% | $55K | $123K | 10x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0100% | 4h | 0.000003627 | +0.055% | $31K | $52K | 20x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003632 | +0.193% | $2K | $14K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003628 | +0.083% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003631 | +0.166% | $103K | $131K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003618 | −0.203% | $23K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003625 | 0.000% | $4K | — | 3x | as long as short |
| Lighter 1000BONKlong | +0.0144% | 1h | 0.000003625 | long leg | $253K | $747K | 10x | |
| BloFin 1000BONK-USDT | +0.0157% | 4h | 0.000003631 | +0.166% | $1.1M | $19.4M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.3950% | 1h | 0.000003000 | −17.241% | $555 | — | 100x | as long as short |
| Deribit 1000BONK_USDC-PERPETUALshort | +0.0301% | 1h | 0.000003629 | +0.110% | $25K | $165K | 10x | |
| Hyperliquid kBONK | +0.1273% | 1h | 0.000003630 | +0.138% | $12.5M | $7.8M | 10x | as long as short |
| Backpack kBONK_USDC_PERP | +0.1759% | 1h | 0.000003632 | +0.193% | $56K | $23K | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2969% | 1h | 0.000003636 | +0.314% | $224K | $222K | 50x | as long as short |
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
Nado kBONK-PERP
Orderly PERP_1000BONK_USDC
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