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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Variational Omni against dYdX−0.433%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 pays, the price is against you. Variational Omni is 0.433% cheaper against dYdX than usual: you would sell low and buy high (spread −0.433% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BONK-USD	0.000003452	0	get 0.0000% / 1h	26m 41s	$13K	$3K	10x
Short	Variational Omni 1000BONK	0.000003437	0.0100	get 0.0050% / 4h	2h 26m	$313K	$127K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.433%Rate

Funding earned: $21
Price spread: −0.433% → 0.000%: −$43.29
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.29
Costs to cover: 0.100%
Break-even: 17.8 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 42 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 42 min ago	5.85 bp	doesn't fit	58.5 bp −$585	doesn't fit	doesn't fit

dYdX: 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 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	0.000003369	−2.416%	$43K	$26K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0007%	4h	0.000003451	−0.041%	$30K	$59K	20x	as long as short
dYdX BONK-USDlong	0.0000%	1h	0.000003452	long leg	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003453	+0.005%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.168%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003455	+0.073%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003455	+0.089%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003455	+0.066%	$67K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003453	+0.017%	$115K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003454	+0.046%	$16.2M	$56.6M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003459	+0.197%	$11.0M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003458	+0.162%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003449	−0.099%	$761K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003458	+0.162%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003455	+0.066%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003454	+0.046%	$4.4M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003452	−0.012%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003437	−0.433%	$313K	$127K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003439	−0.389%	$58K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003460	+0.220%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003453	+0.017%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003440	−0.360%	$97K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003450	−0.082%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003450	−0.070%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0112%	1h	0.000003454	+0.046%	$233K	$671K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.104%	$577	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0329%	1h	0.000003453	+0.017%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0378%	1h	0.000003455	+0.075%	$31K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0985%	1h	0.000003460	+0.220%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2034%	1h	0.000003464	+0.341%	$216K	$165K	50x	as long as short