Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX+0.375%7-day average −0.236% · you sell dearer than you buy

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

Long on HTX 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)−0.557%−$56 · spread now +0.375%, 7d avg −0.236%

Together, before fees−0.603%+ Points / potential airdropVariational Omni: Active · farm board−$60 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 0.611% dearer against HTX than usual: you sell high and buy low, +$61 on $10k if it goes back to its 7-day average of −0.236%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BONK-USDT	0.000003441	0.0100	pay 0.0050% / 4h	1h 58m	$97K	$121K	30x
Short	Variational Omni 1000BONK	0.000003454	0.0100	get 0.0050% / 4h	1h 58m	$315K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.375%Rate

Funding earned: $0
Price spread: +0.375% → −0.236%: $61.07
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $49.07
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 3 min ago; Variational Omni: RFQ quote, 5 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 HTX live order book, 3 min ago	33.26 bp	172.6 bp −$173	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.82 bp	doesn't fit	61.1 bp −$611	doesn't fit	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003446	+0.145%	$44K	$27K	50x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0041%	1h	0.000003439	−0.058%	$2K	$110K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003459	+0.535%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003439	−0.052%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0026%	4h	0.000003440	−0.029%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.853%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003441	+0.012%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003463	+0.639%	$226K	$665K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003459	+0.523%	$81K	$262K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003460	+0.552%	$115K	$118K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003458	+0.480%	$16.2M	$57.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003457	+0.465%	$11.0M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003451	+0.291%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003459	+0.523%	$900K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003459	+0.523%	$9.7M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003458	+0.500%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003458	+0.494%	$4.4M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003457	+0.465%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003446	+0.145%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003454	+0.375%	$315K	$133K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003452	+0.320%	$58K	$708K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003443	+0.073%	$27K	$104K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003445	+0.116%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003443	+0.058%	$2K	$6K	10x	as long as short
HTX BONK-USDTlong	+0.0100%	4h	0.000003441	long leg	$97K	$121K	30x
Extended 1000BONK-USD	+0.0104%	1h	0.000003456	+0.427%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003440	−0.029%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.816%	$575	—	100x	as long as short
Hyperliquid kBONK	+0.0682%	1h	0.000003469	+0.814%	$10.3M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2013%	1h	0.000003452	+0.308%	$223K	$174K	50x	as long as short