BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.045%

Price spread now: gTrade (Gains Network) against Lighter−0.179%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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 gTrade (Gains Network) is 0.179% cheaper against Lighter than usual: you would sell low and buy high (−$18 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	0.000003406	0.0096	pay 0.0012% / 1h	2m 56s	$232K	$761K	10x
Short	gTrade (Gains Network) BONK/USD	0.000003400	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	2m 56s	$23	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.179%Rate

Funding earned: −$20.33
Price spread: −0.179% → 0.000%: −$17.91
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$48.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 40 min ago; gTrade (Gains Network): 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, 40 min ago	1.45 bp	15.6 bp −$16	38.1 bp −$381	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.000003410	+0.117%	$44K	$89K	50x	as long as short
gTrade (Gains Network) BONK/USDshort	L +0.0001% / S +0.0001%	1h	0.000003400	−0.179%	$23	—	150x
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.876%	$3K	$57	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003400	−0.188%	$4	—	15x	as long as short
Lighter 1000BONKlong	+0.0096%	1h	0.000003406	long leg	$232K	$761K	10x
Nado kBONK-PERP	+0.0100%	1h	0.000003402	−0.117%	$64K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003403	−0.101%	$47K	$201K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003401	−0.147%	$113K	$151K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003401	−0.157%	$17.3M	$90.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.235%	$11.7M	$26.7M	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	0.000003400	−0.176%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003401	−0.147%	$919K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003400	−0.176%	$10.6M	$11.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003405	−0.032%	$2.8M	$10.5M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.235%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003399	−0.206%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003403	−0.100%	$321K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003405	−0.029%	$57K	$692K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003404	−0.059%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003407	+0.029%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003402	−0.117%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003405	−0.029%	$90K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003398	−0.224%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003402	−0.117%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0142%	4h	0.000003402	−0.117%	$1.0M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.920%	$404	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0338%	1h	0.000003406	0.000%	$23K	$152K	10x	as long as short
Hyperliquid kBONK	+0.0382%	1h	0.000003405	−0.029%	$11.6M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1166%	1h	0.000003406	0.000%	$53K	$25K	10x	as long as short
dYdX BONK-USD	+0.1443%	1h	0.000003405	−0.026%	$13K	$12K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1669%	1h	0.000003406	+0.002%	$174K	$255K	50x	as long as short