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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: Variational Omni against Aster+0.353%7-day average −0.081% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

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)−0.147%−$15 · spread now +0.353%, 7d avg −0.081%

Together, before fees−0.193%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$19 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: Variational Omni is 0.433% dearer against Aster than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003468	0.0100	pay 0.0050% / 4h	2h 18m	$47K	$260K	10x
Short	Variational Omni 1000BONK	0.000003480	0.0100	get 0.0050% / 4h	2h 18m	$342K	$122K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.353%Rate

Funding earned: $0
Price spread: +0.353% → −0.081%: $43.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $35.32
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 31 min ago; Variational Omni: RFQ quote, 33 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 Aster live order book, 31 min ago	7.21 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 33 min ago	7.21 bp	doesn't fit	56.2 bp −$562	doesn't fit	doesn't fit

BONK on 31 exchanges

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	−0.0096%	1h	0.000003470	+0.070%	$45K	$92K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003467	−0.002%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.582%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003467	−0.023%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003472	+0.128%	$247K	$740K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003468	+0.013%	$66K	$137K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003468	long leg	$47K	$260K	10x
Pacifica kBONK	+0.0100%	1h	0.000003467	−0.016%	$115K	$154K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003463	−0.125%	$17.8M	$90.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003462	−0.172%	$12.3M	$26.6M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003465	−0.074%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003464	−0.103%	$919K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003461	−0.189%	$11.1M	$10.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003467	−0.016%	$2.9M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003462	−0.160%	$4.4M	$5.3M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003464	−0.103%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003480	+0.353%	$342K	$122K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003479	+0.330%	$59K	$694K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003468	+0.013%	$30K	$47K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003474	+0.186%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003469	+0.042%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003470	+0.070%	$99K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003462	−0.148%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003467	−0.016%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003468	+0.013%	$1.1M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.484%	$530	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0615%	1h	0.000003470	+0.070%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0743%	1h	0.000003470	+0.070%	$11.8M	$8.3M	10x	as long as short
dYdX BONK-USD	+0.1409%	1h	0.000003466	−0.037%	$13K	$12K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1508%	1h	0.000003473	+0.157%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1825%	1h	0.000003474	+0.198%	$177K	$254K	50x	as long as short