Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Reya against Lighter−0.342%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Reya is 0.342% cheaper against Lighter than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000BONK | 0.000003377 | 0.0096 | pay 0.0012% / 1h | 35m 40s | $224K | $668K | 10x |
| Short | Reya kBONKRUSDPERP | 0.000003365 | 0.0083 | get 0.0010% / 1h | 35m 40s | $4 | — | 15x |
Lighter 1000BONK
Reya kBONKRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$2.76
- Price spread: −0.342% → 0.000%
- −$34.19
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$42.95
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Reya: no order-book sample. 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 Lighter live order book, 5 min ago | 4.44 bp | 14.4 bp −$14 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | −0.0320% | 1h | 0.000003368 | −0.267% | $43K | $33K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003373 | −0.108% | $12K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003366 | −0.335% | $23 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.050% | $3K | $113 | 5.5x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0047% | 1h | 0.000003368 | −0.267% | $2K | $110K | 10x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0071% | 4h | 0.000003368 | −0.267% | $29K | $56K | 20x | as long as short |
| Reya kBONKRUSDPERPshort | +0.0083% | 1h | 0.000003365 | −0.342% | $4 | — | 15x | |
| Lighter 1000BONKlong | +0.0096% | 1h | 0.000003377 | long leg | $224K | $668K | 10x | |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003368 | −0.252% | $29K | $99K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003366 | −0.313% | $78K | $250K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Deribit 1000BONK_USDC-PERPETUAL
Orderly PERP_1000BONK_USDC
Nado kBONK-PERP
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003377 | 0.000% | $112K | $108K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003374 | −0.087% | $16.3M | $58.8M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003371 | −0.184% | $10.7M | $18.5M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003378 | +0.030% | $2.5M | $8.8M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003370 | −0.207% | $793K | $2.7M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003376 | −0.030% | $9.2M | $7.1M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003373 | −0.113% | $2.6M | $9.7M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003378 | +0.030% | $4.3M | $3.1M | 75x | as long as short |
| BingX 1000BONK-USDC | +0.0100% | 4h | 0.000003371 | −0.178% | — | $6.5M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003365 | −0.358% | $307K | $133K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003370 | −0.207% | $57K | $706K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003375 | −0.059% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003369 | −0.237% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003371 | −0.178% | $95K | $119K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003377 | −0.010% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003367 | −0.296% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDT | +0.0119% | 4h | 0.000003379 | +0.059% | $953K | $15.1M | 75x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −11.164% | $562 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0259% | 1h | 0.000003371 | −0.178% | $29K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0685% | 1h | 0.000003376 | −0.030% | $9.9M | $4.8M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2498% | 1h | 0.000003374 | −0.097% | $218K | $177K | 50x | as long as short |
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
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]
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD