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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Pacifica against Variational Omni+0.337%7-day average +0.067% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.551%−$55 · spread now +0.337%, 7d avg +0.067%

Together, before fees−0.506%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$51 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: Pacifica is 0.270% dearer against Variational Omni than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003352	0.0100	pay 0.0050% / 4h	1h 55m	$301K	$104K	—
Short	Pacifica kBONK	0.000003363	0.0100	get 0.0013% / 1h	55m 12s	$114K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.337%Rate

Funding earned: $0
Price spread: +0.337% → +0.067%: $26.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $18.96
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; Pacifica: live order book, 27 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, 29 min ago	7.40 bp	doesn't fit	63.6 bp −$636	doesn't fit	doesn't fit
Sell Pacifica live order book, 27 min ago	4.45 bp	19.4 bp −$19	doesn't fit	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
Deribit 1000BONK_USDC-PERPETUAL	−0.0345%	1h	0.000003362	+0.307%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0248%	1h	0.000003327	−0.737%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003360	+0.247%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003365	+0.396%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003364	+0.352%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003360	+0.238%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.319%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003363	+0.345%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003365	+0.396%	$199K	$289K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003362	+0.322%	$19K	$107K	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	0.000003365	+0.396%	$65K	$251K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003363	+0.337%	$114K	$120K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003359	+0.218%	$15.1M	$51.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003360	+0.247%	$10.2M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003364	+0.367%	$2.5M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003357	+0.158%	$742K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003364	+0.367%	$10.1M	$6.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003360	+0.238%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003357	+0.158%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003362	+0.307%	—	$8.0M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003352	long leg	$301K	$104K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003346	−0.171%	$57K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003367	+0.456%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003363	+0.337%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003362	+0.306%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003365	+0.396%	$4K	—	3x	as long as short
Backpack kBONK_USDC_PERP	+0.0121%	1h	0.000003364	+0.367%	$30K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.494%	$562	—	100x	as long as short
HTX BONK-USDT	+0.0313%	4h	0.000003379	+0.814%	$78K	$130K	30x	as long as short
Hyperliquid kBONK	+0.0878%	1h	0.000003369	+0.516%	$9.9M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0962%	1h	0.000003367	+0.442%	$205K	$149K	50x	as long as short