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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+1.168%7-day average −0.093% · you sell dearer than you buy

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

Long on KuCoin 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)−0.834%−$83 · spread now +1.168%, 7d avg −0.093%

Together, before fees−0.879%+ Points / potential airdropVariational Omni: Active · farm board−$88 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 1.261% dearer against KuCoin than usual: you sell high and buy low, +$126 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003468	0.0100	pay 0.0050% / 4h	3h 49m	$2.9M	$11.0M	75x
Short	Variational Omni 1000BONK	0.000003509	0.0100	get 0.0050% / 4h	3h 49m	$329K	$99K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +1.168%Rate

Funding earned: $0
Price spread: +1.168% → −0.093%: $126.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $114.12
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 9 min ago; Variational Omni: RFQ quote, 49 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 KuCoin live order book, 9 min ago	4.26 bp	31.4 bp −$31	389.4 bp −$3,894	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 49 min ago	7.03 bp	doesn't fit	54.8 bp −$548	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
Deribit 1000BONK_USDC-PERPETUAL	−0.0037%	1h	0.000003487	+0.536%	$34K	$164K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0024%	1h	0.000003481	+0.363%	$42K	$68K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003509	+1.183%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003512	+1.263%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.605%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003493	+0.708%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003496	+0.796%	$70K	$139K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003473	+0.144%	$58K	$334K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003509	+1.171%	$117K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003473	+0.125%	$18.2M	$89.6M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003470	+0.043%	$12.3M	$27.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003475	+0.190%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003466	−0.069%	$917K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003463	−0.156%	$11.3M	$9.9M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003468	long leg	$2.9M	$11.0M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003476	+0.219%	$4.5M	$5.5M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003468	−0.012%	—	$5.1M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003509	+1.168%	$329K	$99K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003515	+1.344%	$59K	$702K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003488	+0.565%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003489	+0.594%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003486	+0.507%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003501	+0.940%	$99K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003477	+0.237%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003484	+0.450%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0148%	4h	0.000003513	+1.286%	$1.1M	$20.3M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.505%	$534	—	100x	as long as short
Lighter 1000BONK	+0.0352%	1h	0.000003489	+0.594%	$244K	$757K	10x	as long as short
Hyperliquid kBONK	+0.0703%	1h	0.000003473	+0.133%	$11.9M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2211%	1h	0.000003476	+0.219%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2977%	1h	0.000003487	+0.542%	$178K	$275K	50x	as long as short