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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 −0.003%

Price spread now: Bitget against Variational Omni+0.401%7-day average +0.031% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.754%−$75 · spread now +0.401%, 7d avg +0.031%

Together, before fees−0.712%+ Points / potential airdropVariational Omni: Active · farm board−$71 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: Bitget is 0.370% dearer against Variational Omni than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003392	0.0100	pay 0.0050% / 4h	1h 44m	$308K	$133K	—
Short	Bitget 1000BONKUSDT	0.000003406	0.0100	get 0.0050% / 4h	1h 44m	$4.3M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.401%Rate

Funding earned: $0
Price spread: +0.401% → +0.031%: $36.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $24.98
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Bitget: live order book, 4 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, 20 min ago	5.82 bp	doesn't fit	55.2 bp −$552	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.95 bp	14.9 bp −$15	31.8 bp −$318	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	−0.0336%	1h	0.000003381	−0.336%	$46K	$31K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003402	+0.283%	$950K	$15.2M	75x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003404	+0.352%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003407	+0.418%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.490%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0040%	4h	0.000003407	+0.430%	$29K	$58K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003404	+0.342%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	+0.443%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003409	+0.489%	$225K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003409	+0.504%	$27K	$101K	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	0.000003410	+0.532%	$79K	$256K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003408	+0.460%	$115K	$115K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003407	+0.430%	$16.0M	$57.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003407	+0.439%	$10.8M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003406	+0.401%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003406	+0.401%	$850K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003406	+0.401%	$9.7M	$7.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003409	+0.489%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003406	+0.401%	$4.3M	$3.0M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003406	+0.401%	—	$4.7M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003407	+0.430%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003392	long leg	$308K	$133K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	+0.047%	$57K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003408	+0.460%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003405	+0.371%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003409	+0.489%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003404	+0.331%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	+0.224%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.567%	$569	—	100x	as long as short
Hyperliquid kBONK	+0.0666%	1h	0.000003415	+0.666%	$10.1M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2037%	1h	0.000003412	+0.565%	$220K	$174K	50x	as long as short