BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against Reya+0.188%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 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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.188% dearer against Reya than usual: you sell high and buy low: +$19 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	0.000003496	0.0083	pay 0.0010% / 1h	43m 53s	$4	—	15x
Short	Lighter 1000BONK	0.000003503	0.0096	get 0.0012% / 1h	43m 53s	$234K	$679K	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 +0.188%Rate

Funding earned: $2.76
Price spread: +0.188% → 0.000%: $18.78
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $15.54
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 57 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, 57 min ago	4.44 bp	13.0 bp −$13	54.8 bp −$548	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	−0.0312%	1h	0.000003491	−0.155%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.184%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003500	+0.091%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.362%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0049%	4h	0.000003503	+0.188%	$989K	$16.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003499	+0.073%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003496	long leg	$4	—	15x
Lighter 1000BONKshort	+0.0096%	1h	0.000003503	+0.188%	$234K	$679K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003505	+0.245%	$81K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003496	−0.012%	$117K	$105K	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	0.000003502	+0.150%	$17.0M	$61.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003501	+0.122%	$11.4M	$19.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003500	+0.102%	$2.6M	$9.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003505	+0.245%	$870K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003503	+0.188%	$9.5M	$7.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003507	+0.314%	$3.1M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	+0.274%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003502	+0.159%	—	$4.6M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003488	−0.244%	$323K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003487	−0.270%	$59K	$705K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003498	+0.045%	$36K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003500	+0.102%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003499	+0.073%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003500	+0.102%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003503	+0.189%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003498	+0.045%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.198%	$584	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0607%	1h	0.000003502	+0.159%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0839%	1h	0.000003513	+0.474%	$10.3M	$4.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0941%	1h	0.000003507	+0.302%	$32K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2393%	1h	0.000003509	+0.370%	$224K	$178K	50x	as long as short