BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.2303%/8h= −252.2% APRnext payment −$2.88 per $10,000 · paid last 24h +0.020%

Price spread now: Lighter against dYdX+0.112%58s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.112% dearer against dYdX than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 58 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	dYdX BONK-USD	0.000003439	0.2399	pay 0.0300% / 1h	47m 40s	$13K	$12K	10x
Short	Lighter 1000BONK	0.000003443	0.0096	get 0.0012% / 1h	47m 40s	$243K	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$483.63
Price spread: +0.112% → 0.000%: $11.18
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$482.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 60 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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 60 min ago	2.88 bp	10.7 bp −$11	41.2 bp −$412	doesn't fit	doesn't fit

dYdX: 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 exchanges

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	−0.0056%	1h	0.000003447	+0.228%	$45K	$90K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003437	−0.066%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.802%	$3K	$57	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003435	−0.116%	$4	—	15x	as long as short
Lighter 1000BONKshort	+0.0096%	1h	0.000003443	+0.112%	$243K	$735K	10x
Nado kBONK-PERP	+0.0100%	1h	0.000003438	−0.034%	$66K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003440	+0.025%	$54K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003441	+0.054%	$114K	$150K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003439	+0.006%	$17.6M	$89.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003437	−0.051%	$12.1M	$26.2M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003440	+0.025%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003438	−0.034%	$907K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003441	+0.054%	$11.0M	$10.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003440	+0.025%	$2.9M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003437	−0.063%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003441	+0.054%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003434	−0.161%	$334K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003441	+0.054%	$58K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003440	+0.025%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003444	+0.141%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003441	+0.054%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003443	+0.112%	$98K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003438	−0.023%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003439	−0.005%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003443	+0.112%	$1.1M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.769%	$525	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0331%	1h	0.000003443	+0.112%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0415%	1h	0.000003445	+0.170%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1227%	1h	0.000003445	+0.170%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1650%	1h	0.000003445	+0.182%	$175K	$253K	50x	as long as short
dYdX BONK-USDlong	+0.2399%	1h	0.000003439	long leg	$13K	$12K	10x