Funding arb · Price arb /

BONK

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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 0.000%

Price spread now: Variational Omni against Gate−0.061%7-day average −0.035% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now −0.061%, 7d avg −0.035%

Together, before fees+0.210%+ Points / potential airdropVariational Omni: Active · farm board+$21 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 0.026% cheaper against Gate than usual: you would sell low and buy high, −$3 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	Gate BONK_USDT	0.000003428	0.0100	pay 0.0050% / 4h	4m 10s	$830K	$2.7M	50x
Short	Variational Omni 1000BONK	0.000003426	0.0100	get 0.0050% / 4h	4m 10s	$312K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.035%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 55 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 Gate live order book, 4 min ago	2.91 bp	19.5 bp −$20	98.6 bp −$986	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 55 min ago	5.95 bp	doesn't fit	47.6 bp −$476	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	−0.0320%	1h	0.000003390	−1.109%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003419	−0.251%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003422	−0.172%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.492%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0042%	1h	0.000003426	−0.058%	$6K	$123K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0076%	4h	0.000003425	−0.088%	$29K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003423	−0.147%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003436	+0.233%	$225K	$674K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003421	−0.204%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003426	−0.063%	$79K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003420	−0.233%	$114K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003430	+0.064%	$16.6M	$60.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003429	+0.041%	$11.0M	$18.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003432	+0.117%	$2.5M	$9.2M	20x	as long as short
Gate BONK_USDTlong	+0.0100%	4h	0.000003428	long leg	$830K	$2.7M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003429	+0.029%	$9.0M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003424	−0.105%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003429	+0.029%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003431	+0.088%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003426	−0.061%	$312K	$133K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003437	+0.263%	$58K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003423	−0.146%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003427	−0.029%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003436	+0.233%	$97K	$120K	30x	as long as short
BloFin 1000BONK-USDT	+0.0103%	4h	0.000003424	−0.117%	$974K	$15.6M	75x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003425	−0.101%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003424	−0.117%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.485%	$572	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0334%	1h	0.000003434	+0.175%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0765%	1h	0.000003438	+0.292%	$10.1M	$4.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2448%	1h	0.000003444	+0.453%	$222K	$177K	50x	as long as short