Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster+0.047%7-day average −0.084% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.047%, 7d avg −0.084%

Together, before fees−0.091%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.131% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003494	0.0100	pay 0.0050% / 4h	2h 39m	$58K	$299K	10x
Short	Variational Omni 1000BONK	0.000003496	0.0100	get 0.0050% / 4h	2h 39m	$328K	$141K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.084%: $13.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.08
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 8 min ago; Variational Omni: RFQ quote, 10 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 Aster live order book, 8 min ago	12.80 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	5.71 bp	doesn't fit	54.2 bp −$542	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	−0.0136%	1h	0.000003479	−0.438%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003489	−0.139%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003489	−0.147%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.305%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0036%	1h	0.000003494	−0.009%	$9K	$134K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003490	−0.124%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003492	−0.066%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003496	+0.048%	$247K	$708K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003487	−0.195%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003494	long leg	$58K	$299K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003496	+0.048%	$116K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003494	−0.009%	$17.7M	$70.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003494	−0.018%	$11.5M	$22.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003495	+0.019%	$2.7M	$11.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003491	−0.095%	$923K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003497	+0.077%	$9.8M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003492	−0.055%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003496	+0.048%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003497	+0.077%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003496	+0.047%	$328K	$141K	—
SunX BONK-USDT	+0.0100%	4h	0.000003498	+0.105%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003493	−0.038%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003495	+0.019%	$99K	$129K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003494	−0.020%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003490	−0.124%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0121%	4h	0.000003497	+0.077%	$1.0M	$17.6M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.146%	$385	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0432%	1h	0.000003519	+0.706%	$59K	$705K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.1623%	1h	0.000003500	+0.163%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1653%	1h	0.000003503	+0.248%	$11.8M	$6.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2659%	1h	0.000003497	+0.083%	$215K	$218K	50x	as long as short