Funding you earn now, next payment 01:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.031%
Price spread now: Nado against Lighter+0.074%7-day average −0.025% · 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−$39as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 3 days (all we have)−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)+0.171%+$17 · spread now +0.074%, 7d avg −0.025%
=Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.099% dearer against Lighter than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.025%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.029% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.029% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000BONK | 0.000003385 | 0.0408 | pay 0.0051% / 1h | 1m 08s | $351K | $476K | 10x |
| Short | Nado kBONK-PERP | 0.000003387 | 0.0100 | get 0.0013% / 1h | 1m 08s | $24K | $106K | 10x |
Lighter 1000BONK
Nado kBONK-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$64.68
- Price spread: +0.074% → −0.025%
- $9.93
- Slippage, 4 orders
- −$42.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$104.08
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 55 min ago; Nado: live order book, 71 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 Lighter live order book, 55 min ago | 1.48 bp | 10.0 bp −$10 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Nado live order book, 71 min ago | 2.99 bp | 13.4 bp −$13 | doesn't fit | 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 | 0.000003378 | −0.207% | $43K | $26K | 50x | as long as short |
| BloFin 1000BONK-USDT | −0.0140% | 4h | 0.000003382 | −0.089% | $939K | $14.7M | 75x | as long as short |
| Orderly PERP_1000BONK_USDC | −0.0030% | 4h | 0.000003380 | −0.148% | $29K | $39K | 20x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003391 | +0.190% | $12K | $3K | 10x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | 0.0000% | 1h | 0.000003380 | −0.148% | $2K | $110K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003383 | −0.053% | $23 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −3.279% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003388 | +0.087% | $4 | — | 15x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003383 | −0.069% | $65K | $252K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003394 | +0.266% | $113K | $122K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
BloFin 1000BONK-USDT
Orderly PERP_1000BONK_USDC
dYdX BONK-USD
Deribit 1000BONK_USDC-PERPETUAL
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Aster 1000BONKUSDT
Pacifica kBONKShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003380 | −0.150% | $15.8M | $54.4M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003378 | −0.216% | $10.6M | $17.4M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003380 | −0.148% | $2.5M | $8.0M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003377 | −0.236% | $721K | $2.6M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003380 | −0.148% | $9.8M | $6.9M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003378 | −0.195% | $2.7M | $9.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003377 | −0.236% | $4.2M | $3.0M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003379 | −0.177% | — | $4.7M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003383 | −0.062% | $308K | $127K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003392 | +0.207% | $57K | $709K | 25x | as long as short |
| Nado kBONK-PERPshort | +0.0100% | 1h | 0.000003387 | +0.074% | $24K | $106K | 10x | |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003384 | −0.030% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003378 | −0.207% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003389 | +0.118% | $95K | $159K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003378 | −0.218% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003378 | −0.207% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −11.374% | $566 | — | 100x | as long as short |
| Lighter 1000BONKlong | +0.0408% | 1h | 0.000003385 | long leg | $351K | $476K | 10x | |
| Backpack kBONK_USDC_PERP | +0.0430% | 1h | 0.000003381 | −0.118% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0587% | 1h | 0.000003385 | 0.000% | $9.6M | $7.4M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.1471% | 1h | 0.000003387 | +0.061% | $211K | $165K | 50x | as long as short |
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD