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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against Variational Omni+0.090%7-day average +0.065% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.090%, 7d avg +0.065%

Together, before fees−0.260%+ Points / potential airdropVariational Omni: Active · farm board−$26 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: MEXC is 0.025% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003464	0.0100	pay 0.0050% / 4h	3h 59m	$316K	$133K	—
Short	MEXC 1000BONK_USDT	0.000003467	0.0100	get 0.0050% / 4h	3h 59m	$9.1M	$7.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.065%: $2.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.47
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; MEXC: 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, 60 min ago	5.95 bp	doesn't fit	53.5 bp −$535	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.45 bp	4.3 bp −$4	10.2 bp −$102	82.6 bp −$8,264	131.0 bp −$65.5K

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	−0.0312%	1h	0.000003457	−0.199%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003456	−0.217%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003460	−0.124%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.482%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0078%	4h	0.000003459	−0.141%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003461	−0.085%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003461	−0.084%	$225K	$671K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003461	−0.085%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003461	−0.084%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003466	+0.063%	$16.8M	$60.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003460	−0.112%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003457	−0.199%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003460	−0.112%	$838K	$2.7M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003467	+0.090%	$9.1M	$7.2M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003465	+0.020%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003457	−0.199%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003460	−0.112%	—	$6.5M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003464	long leg	$316K	$133K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003454	−0.286%	$58K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003461	−0.069%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003464	+0.003%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003459	−0.141%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003469	+0.147%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003459	−0.140%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003459	−0.141%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0112%	4h	0.000003456	−0.228%	$972K	$15.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.392%	$579	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0328%	1h	0.000003461	−0.084%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0364%	1h	0.000003458	−0.170%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0425%	1h	0.000003467	+0.090%	$10.2M	$4.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2424%	1h	0.000003464	+0.007%	$224K	$177K	50x	as long as short