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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Variational Omni against Bitget+0.260%7-day average −0.035% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.682%+$68 · spread now +0.260%, 7d avg −0.035%

Together, before fees+0.641%+ Points / potential airdropVariational Omni: Active · farm board+$64 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 0.295% dearer against Bitget than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003423	0.0100	pay 0.0050% / 4h	2h 09m	$4.3M	$3.2M	75x
Short	Variational Omni 1000BONK	0.000003432	0.0100	get 0.0050% / 4h	2h 09m	$312K	$134K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.260%Rate

Funding earned: $0
Price spread: +0.260% → −0.035%: $29.53
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.53
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 60 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 Bitget live order book, 4 min ago	4.37 bp	17.1 bp −$17	35.8 bp −$358	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	5.85 bp	doesn't fit	58.5 bp −$585	doesn't fit	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003420	−0.088%	$44K	$27K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003420	−0.078%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003423	0.000%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003420	−0.085%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0011%	4h	0.000003420	−0.088%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.353%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003419	−0.105%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003426	+0.088%	$231K	$671K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003420	−0.073%	$27K	$115K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003423	+0.008%	$66K	$254K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003422	−0.029%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003428	+0.136%	$16.1M	$57.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003426	+0.088%	$10.9M	$18.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003427	+0.117%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003423	0.000%	$836K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003421	−0.058%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003420	−0.082%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003423	long leg	$4.3M	$3.2M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003426	+0.088%	—	$4.7M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003432	+0.260%	$312K	$134K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003434	+0.321%	$58K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003428	+0.146%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003423	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003439	+0.467%	$97K	$150K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003422	−0.040%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003420	−0.088%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.358%	$571	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0355%	1h	0.000003425	+0.058%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.1020%	1h	0.000003430	+0.204%	$10.2M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2054%	1h	0.000003430	+0.210%	$221K	$173K	50x	as long as short