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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%

Price spread now: Variational Omni against Extended+0.232%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Variational 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 0.232% dearer against Extended than usual: you sell high and buy low, +$23 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	Extended 1000BONK-USD	0.000003344	0.0104	pay 0.0013% / 1h	52m 57s	$22K	$2K	25x
Short	Variational Omni 1000BONK	0.000003352	0.0100	get 0.0050% / 4h	1h 52m	$301K	$104K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.232%Rate

Funding earned: −$0.84
Price spread: +0.232% → 0.000%: $23.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.36
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Variational Omni: RFQ quote, 31 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 Extended no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 31 min ago	7.40 bp	doesn't fit	60.7 bp −$607	doesn't fit	doesn't fit

Extended: 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
Deribit 1000BONK_USDC-PERPETUAL	−0.0347%	1h	0.000003346	+0.061%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0248%	1h	0.000003327	−0.507%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003346	+0.061%	$997K	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0065%	4h	0.000003348	+0.121%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003349	+0.166%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003362	+0.530%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.092%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003347	+0.099%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003349	+0.151%	$199K	$289K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003349	+0.166%	$19K	$107K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003351	+0.197%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003354	+0.300%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003348	+0.121%	$15.0M	$51.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003347	+0.091%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003347	+0.091%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003343	−0.029%	$743K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003346	+0.061%	$10.0M	$6.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003347	+0.103%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003341	−0.088%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003349	+0.151%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003348	+0.121%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003352	+0.232%	$301K	$104K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003364	+0.599%	$57K	$695K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003359	+0.450%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003348	+0.121%	$2K	$6K	10x	as long as short
Extended 1000BONK-USDlong	+0.0104%	1h	0.000003344	long leg	$22K	$2K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003347	+0.091%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.286%	$560	—	100x	as long as short
HTX BONK-USDT	+0.0280%	4h	0.000003369	+0.749%	$84K	$141K	30x	as long as short
Hyperliquid kBONK	+0.0793%	1h	0.000003353	+0.270%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0965%	1h	0.000003356	+0.374%	$204K	$149K	50x	as long as short