BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0368%/8h= +40.3% APRnext payment +$0.46 per $10,000 · paid last 24h +0.130%

Price spread now: Lighter against Deribit+0.059%7-day average +0.042% · 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−$47as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.558%+$56 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.059%, 7d avg +0.042%

Together, before fees+0.548%+ Points / potential airdropLighter: Season 3 · farm board+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000BONK_USDC-PERPETUAL	0.000003394	0	get 0.0000% / 1h	3m 16s	$2K	$110K	10x
Short	Lighter 1000BONK	0.000003396	0.0368	get 0.0046% / 1h	3m 16s	$353K	$475K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.059%Rate

Funding earned: $77.28
Price spread: +0.059% → +0.042%: $1.67
Slippage, 4 orders: −$41.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $30.66
Costs to cover: 0.483%
Break-even: 4.2 days

Slippage from Deribit: live order book, 36 min ago; Lighter: live order book, 52 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 Deribit live order book, 36 min ago	10.31 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 52 min ago	1.48 bp	10.7 bp −$11	34.7 bp −$347	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	−0.0376%	1h	0.000003405	+0.324%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003388	−0.177%	$921K	$14.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0031%	4h	0.000003396	+0.059%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003400	+0.190%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	0.0000%	1h	0.000003394	long leg	$2K	$110K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003394	−0.006%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.536%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003394	−0.002%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003397	+0.103%	$23K	$105K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003402	+0.233%	$65K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003401	+0.206%	$113K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003387	−0.206%	$15.7M	$54.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003383	−0.312%	$10.7M	$17.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003390	−0.118%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003394	0.000%	$725K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003382	−0.354%	$9.9M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003396	+0.059%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003386	−0.236%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003391	−0.088%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003406	+0.350%	$312K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003415	+0.619%	$58K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003399	+0.147%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003395	+0.029%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003419	+0.737%	$96K	$159K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003395	+0.021%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003397	+0.088%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.609%	$567	—	100x	as long as short
Lighter 1000BONKshort	+0.0368%	1h	0.000003396	+0.059%	$353K	$475K	10x
Backpack kBONK_USDC_PERP	+0.0426%	1h	0.000003392	−0.059%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0597%	1h	0.000003402	+0.236%	$9.7M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1464%	1h	0.000003404	+0.284%	$212K	$165K	50x	as long as short