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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.838%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.838% cheaper against SunX than usual: you would sell low and buy high, −$84 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	SunX BONK-USDT	0.000003654	0.0100	pay 0.0050% / 4h	1h 42m	$2K	$14K	20x
Short	Variational Omni 1000BONK	0.000003623	0.0100	get 0.0050% / 4h	1h 42m	$339K	$146K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now −0.838%Rate

Funding earned: $0
Price spread: −0.838% → 0.000%: −$83.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$91.84
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: no order-book sample; Variational Omni: RFQ quote, 1 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 SunX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	5.49 bp	doesn't fit	63.2 bp −$632	doesn't fit	doesn't fit

SunX: 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
Coinbase International 1000BONK-PERP-INTX	−0.0016%	1h	0.000003623	−0.848%	$44K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003649	−0.126%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003652	−0.060%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.400%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0063%	4h	0.000003651	−0.082%	$1.1M	$19.2M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003654	+0.012%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003651	−0.068%	$53K	$120K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003650	−0.123%	$62K	$302K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003653	−0.027%	$122K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003650	−0.123%	$18.9M	$77.3M	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	0.000003639	−0.411%	$12.4M	$23.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003644	−0.274%	$3.0M	$13.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003648	−0.164%	$1.0M	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003650	−0.109%	$11.5M	$8.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003649	−0.137%	$3.0M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003648	−0.164%	$4.7M	$4.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003648	−0.164%	—	$5.0M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003623	−0.838%	$339K	$146K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003639	−0.411%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003650	−0.109%	$31K	$52K	20x	as long as short
SunX BONK-USDTlong	+0.0100%	4h	0.000003654	long leg	$2K	$14K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003647	−0.192%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003662	+0.219%	$104K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003649	−0.145%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003647	−0.192%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.898%	$558	—	100x	as long as short
Lighter 1000BONK	+0.0256%	1h	0.000003653	−0.027%	$254K	$739K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0572%	1h	0.000003653	−0.027%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1172%	1h	0.000003656	+0.055%	$12.1M	$7.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1649%	1h	0.000003657	+0.082%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2950%	1h	0.000003659	+0.150%	$225K	$219K	50x	as long as short