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 −0.003%

Price spread now: Variational Omni against Aster+1.199%7-day average −0.083% · 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 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.994%−$99 · spread now +1.199%, 7d avg −0.083%

Together, before fees−1.039%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$104 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 1.282% dearer against Aster than usual: you sell high and buy low, +$128 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003376	0.0100	pay 0.0050% / 4h	2h 22m	$65K	$251K	10x
Short	Variational Omni 1000BONK	0.000003417	0.0100	get 0.0050% / 4h	2h 22m	$305K	$104K	—

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 +1.199%Rate

Funding earned: $0
Price spread: +1.199% → −0.083%: $128.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $120.17
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 64 min ago; Variational Omni: RFQ quote, 2 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, 64 min ago	8.84 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 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
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003368	−0.249%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003373	−0.101%	$1.0M	$13.2M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0047%	1h	0.000003370	−0.190%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0040%	4h	0.000003373	−0.101%	$29K	$41K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003370	−0.190%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003374	−0.083%	$2K	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.033%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003375	−0.045%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003374	−0.071%	$199K	$290K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003376	long leg	$65K	$251K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003370	−0.190%	$115K	$117K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.145%	$15.2M	$50.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.145%	$10.2M	$16.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003375	−0.041%	$2.5M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003372	−0.130%	$742K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003370	−0.190%	$10.2M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003373	−0.113%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003368	−0.249%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003373	−0.101%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003374	−0.071%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003417	+1.199%	$305K	$104K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	+0.521%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003374	−0.056%	$20K	$109K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003377	+0.018%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003372	−0.130%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	+0.462%	$79K	$118K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003370	−0.186%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003372	−0.130%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.148%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0746%	1h	0.000003381	+0.136%	$10.0M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1137%	1h	0.000003378	+0.044%	$205K	$149K	50x	as long as short