Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Variational Omni against BingX+0.132%7-day average −0.053% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.220%+$22 · spread now +0.132%, 7d avg −0.053%

Together, before fees+0.174%+ Points / potential airdropVariational Omni: Active · farm board+$17 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 0.185% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003337	0.0100	pay 0.0050% / 4h	2h 06m	—	$6.5M	—
Short	Variational Omni 1000BONK	0.000003341	0.0100	get 0.0050% / 4h	2h 06m	$301K	$104K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.053%: $18.53
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.53
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 13 min ago; Variational Omni: RFQ quote, 17 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 BingX live order book, 13 min ago	4.46 bp	23.3 bp −$23	71.9 bp −$719	519.5 bp −$52.0K	753.1 bp −$376.5K
Sell Variational Omni RFQ quote, 17 min ago	7.40 bp	doesn't fit	60.7 bp −$607	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	−0.0648%	1h	0.000003336	−0.030%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003332	−0.150%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003338	+0.030%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0049%	4h	0.000003335	−0.060%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003339	+0.048%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003345	+0.230%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−1.888%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003336	−0.021%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003339	+0.060%	$197K	$290K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003336	−0.030%	$19K	$108K	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	0.000003340	+0.093%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003343	+0.180%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003336	−0.024%	$14.9M	$51.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003336	−0.030%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003337	0.000%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003337	0.000%	$737K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003337	0.000%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003337	0.000%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003333	−0.120%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003337	long leg	—	$6.5M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003338	+0.030%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003341	+0.132%	$301K	$104K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003346	+0.270%	$57K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003343	+0.180%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003335	−0.060%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003336	−0.028%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003334	−0.090%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.099%	$558	—	100x	as long as short
HTX BONK-USDT	+0.0563%	4h	0.000003376	+1.169%	$78K	$123K	30x	as long as short
Hyperliquid kBONK	+0.0735%	1h	0.000003344	+0.210%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1150%	1h	0.000003341	+0.119%	$203K	$148K	50x	as long as short