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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Variational Omni−0.158%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.158% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003484	0.0100	pay 0.0050% / 4h	3h 13m	$335K	$115K	—
Short	SoDEX 1000BONK-USD	0.000003479	0.0100	get 0.0013% / 1h	13m 49s	$2K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → 0.000%: −$15.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.77
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 20 min ago; SoDEX: no order-book sample. 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	5.74 bp	doesn't fit	51.7 bp −$517	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000003430	−1.564%	$43K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003476	−0.238%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.041%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0067%	4h	0.000003484	−0.014%	$1.0M	$19.9M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003480	−0.115%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003481	−0.086%	$66K	$140K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003478	−0.198%	$48K	$295K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003482	−0.072%	$116K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003478	−0.191%	$18.0M	$90.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003472	−0.370%	$12.4M	$27.5M	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	0.000003476	−0.244%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003476	−0.244%	$920K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003475	−0.272%	$11.3M	$10.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003475	−0.272%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003473	−0.330%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003474	−0.301%	—	$6.5M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003484	long leg	$335K	$115K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003476	−0.244%	$59K	$698K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003479	−0.158%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003487	+0.072%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USDshort	+0.0100%	1h	0.000003479	−0.158%	$2K	$7K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003483	−0.043%	$99K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003473	−0.342%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003478	−0.186%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.904%	$531	—	100x	as long as short
dYdX BONK-USD	+0.0266%	1h	0.000003479	−0.144%	$13K	$10K	10x	as long as short
Lighter 1000BONK	+0.0280%	1h	0.000003480	−0.129%	$246K	$771K	10x	as long as short
Hyperliquid kBONK	+0.0590%	1h	0.000003482	−0.072%	$11.9M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0612%	1h	0.000003482	−0.072%	$24K	$174K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1629%	1h	0.000003484	−0.014%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2981%	1h	0.000003482	−0.064%	$177K	$273K	50x	as long as short