Funding arb · Price arb /

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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: Binance against Variational Omni+0.472%7-day average +0.074% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

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)−0.359%−$36 · spread now +0.472%, 7d avg +0.074%

Together, before fees−0.337%+ Points / potential airdropVariational Omni: Active · farm board−$34 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: Binance is 0.397% dearer against Variational Omni than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003375	0.0100	pay 0.0050% / 4h	3h 41m	$303K	$119K	—
Short	Binance 1000BONKUSDT	0.000003391	0.0100	get 0.0050% / 4h	3h 41m	$15.5M	$53.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.472%Rate

Funding earned: $0
Price spread: +0.472% → +0.074%: $39.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $29.74
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Binance: live order book, 15 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, 32 min ago	5.98 bp	doesn't fit	56.8 bp −$568	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.48 bp	13.5 bp −$14	32.6 bp −$326	123.0 bp −$12.3K	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	0.000003363	−0.355%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003389	+0.416%	$1.0M	$14.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0057%	4h	0.000003394	+0.564%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003395	+0.590%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003389	+0.429%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.992%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003394	+0.563%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003398	+0.682%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003392	+0.504%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003391	+0.472%	$15.5M	$53.2M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003390	+0.439%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003390	+0.445%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003394	+0.564%	$728K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003397	+0.653%	$9.9M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003396	+0.620%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003392	+0.504%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003395	+0.593%	—	$8.0M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003375	long leg	$303K	$119K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003380	+0.149%	$57K	$705K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003394	+0.578%	$19K	$103K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003400	+0.741%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003393	+0.534%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003401	+0.771%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003391	+0.468%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003391	+0.475%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.111%	$567	—	100x	as long as short
Lighter 1000BONK	+0.0256%	1h	0.000003396	+0.623%	$307K	$400K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0285%	1h	0.000003396	+0.623%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0598%	1h	0.000003400	+0.741%	$10.0M	$7.5M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1224%	1h	0.000003398	+0.682%	$2K	$110K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1466%	1h	0.000003399	+0.721%	$208K	$156K	50x	as long as short