Funding arb · Price arb /

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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 −0.008%

Price spread now: Binance against Variational Omni−0.033%7-day average +0.075% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.033%, 7d avg +0.075%

Together, before fees+0.142%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: Binance is 0.108% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003363	0.0100	pay 0.0050% / 4h	26m 01s	$303K	$119K	—
Short	Binance 1000BONKUSDT	0.000003362	0.0100	get 0.0050% / 4h	26m 01s	$15.2M	$52.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.075%: −$10.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Binance: live order book, 16 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 Variational Omni RFQ quote, 53 min ago	5.96 bp	doesn't fit	50.7 bp −$507	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.48 bp	6.8 bp −$7	19.7 bp −$197	99.4 bp −$9,944	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	−0.0456%	1h	0.000003342	−0.628%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003370	+0.205%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0070%	4h	0.000003362	−0.033%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003362	−0.021%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003367	+0.104%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003363	−0.003%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.650%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003361	−0.060%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003365	+0.056%	$189K	$300K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003365	+0.056%	$65K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003366	+0.086%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003362	−0.033%	$15.2M	$52.4M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003361	−0.063%	$10.2M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003363	−0.003%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003362	−0.033%	$718K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003361	−0.063%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003362	−0.021%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003363	−0.003%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003362	−0.033%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003364	+0.026%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003363	long leg	$303K	$119K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003370	+0.205%	$57K	$703K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003363	+0.011%	$19K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003366	+0.086%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003362	−0.033%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003389	+0.770%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003361	−0.066%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003360	−0.093%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.797%	$562	—	100x	as long as short
Hyperliquid kBONK	+0.1252%	1h	0.000003369	+0.175%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1455%	1h	0.000003368	+0.158%	$205K	$150K	50x	as long as short