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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Aevo−0.900%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.900% cheaper against Aevo than usual: you would sell low and buy high, −$90 on $10k if it 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	Aevo 1000BONK-PERP	0.000003457	0.0104	pay 0.0013% / 1h	3m 01s	$4K	—	3x
Short	Variational Omni 1000BONK	0.000003426	0.0100	get 0.0050% / 4h	3m 01s	$312K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now −0.900%Rate

Funding earned: −$0.84
Price spread: −0.900% → 0.000%: −$89.96
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$106.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 56 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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 56 min ago	5.95 bp	doesn't fit	47.6 bp −$476	doesn't fit	doesn't fit

Aevo: 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	−0.0320%	1h	0.000003456	−0.029%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003437	−0.569%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003457	+0.003%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.294%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0077%	4h	0.000003453	−0.116%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003456	−0.031%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003460	+0.087%	$226K	$674K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003453	−0.101%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003454	−0.078%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003442	−0.434%	$115K	$109K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003466	+0.248%	$16.8M	$60.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003462	+0.148%	$11.1M	$19.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003467	+0.289%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003454	−0.087%	$836K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003455	−0.058%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003457	+0.014%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003463	+0.174%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003454	−0.087%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003426	−0.900%	$312K	$133K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003422	−1.012%	$58K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003455	−0.058%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003457	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003450	−0.202%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003467	+0.276%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERPlong	+0.0104%	1h	0.000003457	long leg	$4K	—	3x
BloFin 1000BONK-USDT	+0.0157%	4h	0.000003455	−0.058%	$982K	$15.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.220%	$576	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0349%	1h	0.000003460	+0.087%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0773%	1h	0.000003464	+0.202%	$10.2M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0908%	1h	0.000003458	+0.029%	$6K	$123K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2431%	1h	0.000003467	+0.300%	$224K	$177K	50x	as long as short