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 +0.005%

Price spread now: Variational Omni against MEXC−0.002%7-day average −0.068% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now −0.002%, 7d avg −0.068%

Together, before fees−0.096%+ Points / potential airdropVariational Omni: Active · farm board−$10 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 0.066% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003404	0.0100	pay 0.0050% / 4h	3h 11m	$10.0M	$6.8M	125x
Short	Variational Omni 1000BONK	0.000003404	0.0100	get 0.0050% / 4h	3h 11m	$312K	$125K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → −0.068%: $6.58
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.58
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 63 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 MEXC live order book, 2 min ago	1.47 bp	3.8 bp −$4	9.7 bp −$97	64.4 bp −$6,439	125.7 bp −$62.9K
Sell Variational Omni RFQ quote, 63 min ago	5.98 bp	doesn't fit	47.8 bp −$478	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	−0.0376%	1h	0.000003371	−0.969%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003402	−0.059%	$1.0M	$14.5M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0037%	4h	0.000003402	−0.059%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003405	+0.038%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003404	+0.012%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.819%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003407	+0.088%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003404	−0.001%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003407	+0.090%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003404	0.000%	$115K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003406	+0.051%	$15.6M	$53.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003406	+0.056%	$10.7M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003408	+0.118%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003405	+0.029%	$732K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003404	long leg	$10.0M	$6.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003404	+0.012%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003404	0.000%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003404	0.000%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003404	−0.002%	$312K	$125K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003409	+0.147%	$57K	$708K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003405	+0.044%	$18K	$98K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003408	+0.118%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003406	+0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003429	+0.734%	$94K	$154K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003408	+0.110%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.868%	$569	—	100x	as long as short
Lighter 1000BONK	+0.0344%	1h	0.000003411	+0.206%	$353K	$474K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0360%	1h	0.000003407	+0.088%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0596%	1h	0.000003410	+0.176%	$9.7M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1460%	1h	0.000003411	+0.219%	$213K	$165K	50x	as long as short