BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against ApeX Omni−0.469%108s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$600.602% 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)+0.464%+$46 · spread now −0.469%, 7d avg +0.036%

Together, before fees+0.567%+ Points / potential airdropLighter: Season 3 · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.505% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.469% now, against its 7-day average of +0.036%). If the spread goes back, that is −$51 on $10k: about 47 days of funding at the current rate (+$1 a day). The two prices were read 108 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	0.000003622	0.0100	pay 0.0013% / 1h	19m 44s	$61K	$707K	25x
Short	Lighter 1000BONK	0.000003605	0.0136	get 0.0017% / 1h	19m 44s	$251K	$747K	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 −0.469%Rate

Funding earned: $7.56
Price spread: −0.469% → +0.036%: −$50.51
Slippage, 4 orders: −$50.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$103.13
Costs to cover: 0.602%
Break-even: 102.5 days

Slippage from ApeX Omni: live order book, 24 min ago; Lighter: live order book, 6 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, 24 min ago	8.20 bp	16.3 bp −$16	113.0 bp −$1,130	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	4.13 bp	13.3 bp −$13	27.0 bp −$270	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	0.000003590	−0.883%	$45K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003599	−0.623%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003602	−0.547%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.608%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003607	−0.417%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003607	−0.400%	$54K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003604	−0.497%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003599	−0.635%	$119K	$139K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003602	−0.565%	$18.5M	$80.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003586	−0.986%	$12.4M	$24.7M	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	0.000003592	−0.828%	$3.0M	$13.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003605	−0.469%	$959K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003591	−0.856%	$12.0M	$9.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003606	−0.428%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003586	−0.994%	$4.6M	$4.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003590	−0.883%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003598	−0.666%	$341K	$147K	—	as long as short
ApeX Omni 1000BONKUSDTlong	+0.0100%	1h	0.000003622	long leg	$61K	$707K	25x
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003607	−0.414%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003615	−0.193%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003609	−0.359%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003614	−0.221%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003605	−0.479%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003604	−0.497%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003608	−0.387%	$1.1M	$19.3M	75x	as long as short
Lighter 1000BONKshort	+0.0136%	1h	0.000003605	−0.469%	$251K	$747K	10x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.173%	$551	—	100x	as long as short
Hyperliquid kBONK	+0.1271%	1h	0.000003613	−0.248%	$12.4M	$7.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1691%	1h	0.000003613	−0.248%	$25K	$165K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1745%	1h	0.000003613	−0.248%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2980%	1h	0.000003623	+0.035%	$223K	$222K	50x	as long as short