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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni−0.145%7-day average +0.093% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.783%−$78 · spread now −0.145%, 7d avg +0.093%

Together, before fees−0.738%+ Points / potential airdropVariational Omni: Active · farm board−$74 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: KuCoin is 0.238% cheaper against Variational Omni than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003526	0.0100	pay 0.0050% / 4h	3h 55m	$331K	$99K	—
Short	KuCoin 1000BONKUSDTM	0.000003521	0.0100	get 0.0050% / 4h	3h 55m	$2.9M	$11.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → +0.093%: −$23.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.79
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; KuCoin: live order book, 3 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, 43 min ago	7.03 bp	doesn't fit	63.3 bp −$633	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.26 bp	23.2 bp −$23	128.4 bp −$1,284	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	−0.0024%	1h	0.000003526	+0.002%	$42K	$69K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003534	+0.242%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003528	+0.048%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.145%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0061%	4h	0.000003542	+0.456%	$1.1M	$20.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003529	+0.086%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003516	−0.281%	$58K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	+0.314%	$118K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003513	−0.364%	$18.4M	$88.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003507	−0.528%	$12.4M	$27.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003506	−0.565%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003511	−0.423%	$936K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003520	−0.168%	$11.4M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003521	−0.145%	$2.9M	$11.1M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	−0.565%	$4.5M	$5.5M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003512	−0.395%	—	$5.0M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003526	long leg	$331K	$99K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003528	+0.059%	$59K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003531	+0.158%	$69K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003529	+0.087%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003536	+0.286%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003529	+0.087%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003541	+0.428%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003514	−0.350%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003527	+0.031%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.916%	$538	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0317%	1h	0.000003529	+0.087%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0368%	1h	0.000003533	+0.201%	$247K	$756K	10x	as long as short
Hyperliquid kBONK	+0.0669%	1h	0.000003515	−0.310%	$12.0M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2362%	1h	0.000003537	+0.314%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2934%	1h	0.000003538	+0.339%	$180K	$275K	50x	as long as short