BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against SoDEX+0.141%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.141% dearer against SoDEX than usual: you sell high and buy low: +$14 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	SoDEX 1000BONK-USD	0.000003535	0.0100	pay 0.0013% / 1h	17m 07s	$2K	$7K	10x
Short	Lighter 1000BONK	0.000003540	0.0232	get 0.0029% / 1h	17m 07s	$248K	$692K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.141%Rate

Funding earned: $27.72
Price spread: +0.141% → 0.000%: $14.14
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $33.86
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 18 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 18 min ago	1.42 bp	3.6 bp −$4	30.0 bp −$300	doesn't fit	doesn't fit

SoDEX: 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	−0.0312%	1h	0.000003529	−0.170%	$44K	$40K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003526	−0.244%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003531	−0.110%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.383%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003534	−0.028%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003531	−0.115%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003531	−0.099%	$39K	$108K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003536	+0.028%	$82K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003530	−0.141%	$120K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003536	+0.028%	$17.5M	$64.0M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003534	−0.025%	$11.5M	$19.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003536	+0.028%	$2.6M	$10.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003532	−0.085%	$884K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003529	−0.170%	$10.0M	$7.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003536	+0.031%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003530	−0.141%	$4.5M	$3.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003533	−0.057%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003518	−0.484%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003548	+0.368%	$60K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003536	+0.028%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USDlong	+0.0100%	1h	0.000003535	long leg	$2K	$7K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003543	+0.226%	$100K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003533	−0.070%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003533	−0.057%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0105%	4h	0.000003530	−0.141%	$1.0M	$16.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−15.134%	$590	—	100x	as long as short
Lighter 1000BONKshort	+0.0232%	1h	0.000003540	+0.141%	$248K	$692K	10x
Deribit 1000BONK_USDC-PERPETUAL	+0.0599%	1h	0.000003536	+0.028%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0845%	1h	0.000003535	0.000%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1458%	1h	0.000003537	+0.057%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2371%	1h	0.000003542	+0.199%	$226K	$176K	50x	as long as short