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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: Variational Omni against Pacifica−0.345%7-day average −0.063% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.748%+$75 · spread now −0.345%, 7d avg −0.063%

Together, before fees+0.704%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$70 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 0.281% cheaper against Pacifica than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003501	0.0100	pay 0.0013% / 1h	2m 00s	$116K	$161K	10x
Short	Variational Omni 1000BONK	0.000003489	0.0100	get 0.0050% / 4h	3h 02m	$340K	$119K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now −0.345%Rate

Funding earned: $0
Price spread: −0.345% → −0.063%: −$28.15
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.15
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 31 min ago; Variational Omni: RFQ quote, 32 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 Pacifica live order book, 31 min ago	4.33 bp	24.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 32 min ago	5.74 bp	doesn't fit	48.8 bp −$488	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
Coinbase International 1000BONK-PERP-INTX	−0.0024%	1h	0.000003500	−0.029%	$46K	$94K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003503	+0.060%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.484%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003504	+0.082%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0096%	4h	0.000003500	−0.029%	$1.1M	$20.0M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003503	+0.071%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003512	+0.310%	$48K	$291K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003501	long leg	$116K	$161K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003514	+0.374%	$18.1M	$91.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003512	+0.323%	$12.5M	$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	0.000003521	+0.571%	$3.1M	$15.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003502	+0.029%	$928K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003504	+0.086%	$11.5M	$10.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003502	+0.037%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	+0.143%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003503	+0.057%	—	$5.1M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003489	−0.345%	$340K	$119K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003488	−0.371%	$59K	$697K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003500	−0.029%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003510	+0.257%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003506	+0.143%	$3K	$8K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003511	+0.286%	$100K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003504	+0.073%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003499	−0.057%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.310%	$535	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003507	+0.171%	$246K	$775K	10x	as long as short
dYdX BONK-USD	+0.0577%	1h	0.000003499	−0.045%	$13K	$10K	10x	as long as short
Hyperliquid kBONK	+0.0579%	1h	0.000003512	+0.314%	$11.9M	$8.4M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0607%	1h	0.000003505	+0.114%	$24K	$162K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1621%	1h	0.000003514	+0.371%	$54K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2958%	1h	0.000003509	+0.231%	$178K	$272K	50x	as long as short