BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0397%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.014%

Price spread now: Lighter against Reya+0.453%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Lighter

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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.453% dearer against Reya than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003524	0.0083	pay 0.0010% / 1h	3m 04s	$4	—	15x
Short	Lighter 1000BONK	0.000003540	0.0480	get 0.0060% / 1h	3m 04s	$248K	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.453%Rate

Funding earned: $83.4
Price spread: +0.453% → 0.000%: $45.33
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $122.73
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 17 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 17 min ago	4.23 bp	17.2 bp −$17	51.9 bp −$519	doesn't fit	doesn't fit

Reya: 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 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	−0.0040%	1h	0.000003517	−0.199%	$42K	$68K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003521	−0.100%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003531	+0.206%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.095%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003524	long leg	$4	—	15x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003537	+0.358%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003520	−0.114%	$118K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003537	+0.368%	$18.6M	$88.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003532	+0.223%	$12.5M	$27.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003535	+0.311%	$3.0M	$15.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDT	+0.0100%	4h	0.000003535	+0.311%	$949K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003535	+0.311%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003535	+0.314%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003533	+0.255%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003535	+0.311%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003537	+0.355%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003537	+0.368%	$60K	$705K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003521	−0.086%	$69K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003532	+0.226%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003543	+0.538%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003538	+0.397%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003528	+0.113%	$100K	$134K	30x	as long as short
BloFin 1000BONK-USDT	+0.0102%	4h	0.000003537	+0.368%	$1.1M	$20.4M	75x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003537	+0.358%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003532	+0.226%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.870%	$538	—	100x	as long as short
Lighter 1000BONKshort	+0.0480%	1h	0.000003540	+0.453%	$248K	$769K	10x
Deribit 1000BONK_USDC-PERPETUAL	+0.0599%	1h	0.000003538	+0.397%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0950%	1h	0.000003540	+0.453%	$12.1M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1790%	1h	0.000003545	+0.595%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4501%	1h	0.000003541	+0.470%	$181K	$275K	50x	as long as short