Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: BingX against Variational Omni−0.397%7-day average +0.055% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

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 3 days (all we have)+0.044%+$4 · spread now −0.397%, 7d avg +0.055%

Together, before fees+0.090%+ Points / potential airdropVariational Omni: Active · farm board+$9 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: BingX is 0.452% cheaper against Variational Omni than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003397	0.0100	pay 0.0050% / 4h	2h 52m	$305K	$105K	—
Short	BingX 1000BONK-USDT	0.000003384	0.0100	get 0.0050% / 4h	2h 52m	—	$8.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.397%Rate

Funding earned: $0
Price spread: −0.397% → +0.055%: −$45.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$55.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; BingX: live order book, 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 Variational Omni RFQ quote, 36 min ago	8.83 bp	doesn't fit	47.1 bp −$471	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.43 bp	15.1 bp −$15	28.4 bp −$284	74.7 bp −$7,469	528.0 bp −$264.0K

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	−0.0341%	1h	0.000003383	−0.426%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003381	−0.485%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003385	−0.367%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0036%	4h	0.000003383	−0.426%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003385	−0.373%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003389	−0.250%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.635%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003383	−0.439%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003386	−0.338%	$202K	$282K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003382	−0.441%	$20K	$105K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003382	−0.451%	$67K	$252K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003388	−0.279%	$116K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003384	−0.406%	$15.3M	$49.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003387	−0.306%	$10.3M	$16.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003385	−0.367%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003384	−0.397%	$747K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003388	−0.279%	$9.8M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003383	−0.441%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003385	−0.367%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003384	−0.397%	—	$8.0M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003387	−0.309%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003397	long leg	$305K	$105K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003395	−0.073%	$57K	$692K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003391	−0.191%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003385	−0.367%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	−0.220%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003386	−0.347%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003382	−0.456%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.699%	$566	—	100x	as long as short
Hyperliquid kBONK	+0.0723%	1h	0.000003393	−0.132%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1133%	1h	0.000003392	−0.163%	$207K	$183K	50x	as long as short