BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.143%

Price spread now: Coinbase International against Lighter+0.233%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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. Coinbase International is 0.233% dearer against Lighter than usual: you sell high and buy low (spread +0.233% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000BONK	0.000003439	0.0096	pay 0.0012% / 1h	49m 38s	$243K	$735K	10x
Short	Coinbase International 1000BONK-PERP-INTX	0.000003447	−0.0056	pay 0.0007% / 1h	49m 38s	$45K	$90K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.233%Rate

Funding earned: −$31.92
Price spread: +0.233% → 0.000%: $23.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 58 min ago; Coinbase International: 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, 58 min ago	2.88 bp	10.6 bp −$11	32.8 bp −$328	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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-INTXshort	−0.0056%	1h	0.000003447	+0.233%	$45K	$90K	50x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003440	+0.023%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.798%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0041%	1h	0.000003438	−0.029%	$24K	$162K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003435	−0.111%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0090%	4h	0.000003440	+0.029%	$1.1M	$19.7M	75x	as long as short
Lighter 1000BONKlong	+0.0096%	1h	0.000003439	long leg	$243K	$735K	10x
Nado kBONK-PERP	+0.0100%	1h	0.000003435	−0.116%	$66K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003440	+0.029%	$54K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003436	−0.087%	$114K	$150K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003433	−0.177%	$17.6M	$89.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003432	−0.215%	$12.1M	$26.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003435	−0.116%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003434	−0.145%	$906K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003431	−0.233%	$10.7M	$10.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003433	−0.163%	$2.8M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003430	−0.262%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003433	−0.174%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003434	−0.156%	$334K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003441	+0.058%	$58K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003437	−0.058%	$29K	$47K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003444	+0.145%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003436	−0.087%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003446	+0.204%	$98K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003434	−0.149%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003435	−0.116%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.765%	$525	—	100x	as long as short
Hyperliquid kBONK	+0.0383%	1h	0.000003440	+0.029%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1178%	1h	0.000003440	+0.029%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1652%	1h	0.000003441	+0.050%	$175K	$253K	50x	as long as short
dYdX BONK-USD	+0.2456%	1h	0.000003436	−0.081%	$13K	$12K	10x	as long as short