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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Aevo+0.466%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Variational Omni

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: Variational Omni is 0.466% dearer against Aevo than usual: you sell high and buy low, +$47 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	Aevo 1000BONK-PERP	0.000003417	0.0104	pay 0.0013% / 1h	27m 01s	$4K	—	3x
Short	Variational Omni 1000BONK	0.000003433	0.0100	get 0.0050% / 4h	3h 27m	$322K	$94K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now +0.466%Rate

Funding earned: −$0.84
Price spread: +0.466% → 0.000%: $46.63
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.79
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 7 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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 7 min ago	5.74 bp	doesn't fit	48.8 bp −$488	doesn't fit	doesn't fit

Aevo: 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	0.000003404	−0.380%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003409	−0.228%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.185%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003422	+0.146%	$1.1M	$19.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003421	+0.115%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003420	+0.102%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003420	+0.077%	$47K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003421	+0.117%	$114K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003417	−0.009%	$17.7M	$90.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003413	−0.108%	$12.2M	$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	0.000003419	+0.059%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003418	+0.029%	$907K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003419	+0.059%	$11.0M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003421	+0.111%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003417	0.000%	$4.4M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003418	+0.029%	—	$5.1M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003433	+0.466%	$322K	$94K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	+0.439%	$58K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003418	+0.029%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003424	+0.205%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003419	+0.059%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003429	+0.351%	$98K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003417	+0.001%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERPlong	+0.0104%	1h	0.000003417	long leg	$4K	—	3x
dYdX BONK-USD	+0.0188%	1h	0.000003420	+0.088%	$13K	$11K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.204%	$522	—	100x	as long as short
Lighter 1000BONK	+0.0248%	1h	0.000003421	+0.117%	$243K	$765K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0335%	1h	0.000003421	+0.117%	$23K	$174K	10x	as long as short
Hyperliquid kBONK	+0.0568%	1h	0.000003422	+0.146%	$11.7M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1673%	1h	0.000003424	+0.205%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3032%	1h	0.000003424	+0.200%	$174K	$273K	50x	as long as short