BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.034%

Price spread now: dYdX against Lighter−0.075%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on dYdX

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.075% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000BONK	0.000003447	0.0096	pay 0.0012% / 1h	18m 41s	$232K	$671K	10x
Short	dYdX BONK-USD	0.000003444	0	get 0.0000% / 1h	18m 41s	$13K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$20.16
Price spread: −0.075% → 0.000%: −$7.5
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 32 min ago; dYdX: 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, 32 min ago	2.93 bp	14.9 bp −$15	36.2 bp −$362	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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 30 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	−0.0336%	1h	0.000003435	−0.348%	$44K	$27K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0004%	4h	0.000003438	−0.261%	$29K	$58K	20x	as long as short
dYdX BONK-USDshort	0.0000%	1h	0.000003444	−0.075%	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003435	−0.342%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.019%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0041%	1h	0.000003437	−0.290%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003437	−0.278%	$4	—	15x	as long as short
Lighter 1000BONKlong	+0.0096%	1h	0.000003447	long leg	$232K	$671K	10x
Nado kBONK-PERP	+0.0100%	1h	0.000003436	−0.319%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003441	−0.174%	$66K	$254K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003447	0.000%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003446	−0.019%	$16.2M	$56.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003446	−0.044%	$11.0M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003440	−0.203%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003440	−0.203%	$770K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003448	+0.029%	$9.5M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003441	−0.177%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003442	−0.145%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003440	−0.203%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003440	−0.193%	$313K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003443	−0.116%	$58K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003440	−0.203%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003438	−0.261%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003459	+0.348%	$98K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003440	−0.215%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003438	−0.261%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.968%	$574	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0377%	1h	0.000003440	−0.203%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.1005%	1h	0.000003449	+0.058%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2043%	1h	0.000003448	+0.041%	$215K	$165K	50x	as long as short