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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: Aster against Variational Omni−0.143%7-day average +0.085% · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.143%, 7d avg +0.085%

Together, before fees−0.017%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$2 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: Aster is 0.228% cheaper against Variational Omni than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003426	0.0100	pay 0.0050% / 4h	4m 37s	$312K	$133K	—
Short	Aster 1000BONKUSDT	0.000003421	0.0100	get 0.0050% / 4h	4m 37s	$79K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → +0.085%: −$22.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.77
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Aster: live order book, 52 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 Variational Omni RFQ quote, 54 min ago	5.95 bp	doesn't fit	53.5 bp −$535	doesn't fit	doesn't fit
Sell Aster live order book, 52 min ago	8.88 bp	21.1 bp −$21	307.6 bp −$3,076	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	−1.048%	$42K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003419	−0.190%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003422	−0.114%	$8K	$120K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003421	−0.140%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.434%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0076%	4h	0.000003421	−0.143%	$29K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003423	−0.086%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003422	−0.114%	$224K	$674K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003423	−0.085%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003421	−0.143%	$79K	$251K	10x

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	−0.172%	$114K	$109K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003421	−0.143%	$16.5M	$60.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003419	−0.201%	$11.0M	$18.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003420	−0.172%	$2.5M	$9.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003417	−0.260%	$827K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003419	−0.201%	$9.0M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003419	−0.187%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003420	−0.172%	$4.3M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003419	−0.201%	—	$4.8M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003426	long leg	$312K	$133K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003437	+0.324%	$58K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003428	+0.061%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003423	−0.085%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003430	+0.120%	$97K	$120K	30x	as long as short
BloFin 1000BONK-USDT	+0.0103%	4h	0.000003424	−0.055%	$974K	$15.6M	75x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003419	−0.215%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003420	−0.172%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.432%	$572	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0337%	1h	0.000003423	−0.085%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0760%	1h	0.000003425	−0.026%	$10.1M	$4.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2457%	1h	0.000003430	+0.114%	$221K	$177K	50x	as long as short