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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+0.152%7-day average −0.101% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.152%, 7d avg −0.101%

Together, before fees−0.345%+ Points / potential airdropVariational Omni: Active · farm board−$35 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 0.253% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003592	0.0100	pay 0.0050% / 4h	1h 19m	$3.0M	$10.8M	75x
Short	Variational Omni 1000BONK	0.000003598	0.0100	get 0.0050% / 4h	1h 19m	$341K	$147K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → −0.101%: $25.35
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $13.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 9 min ago; Variational Omni: RFQ quote, 25 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 KuCoin live order book, 9 min ago	1.38 bp	38.3 bp −$38	472.8 bp −$4,728	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 25 min ago	5.49 bp	doesn't fit	63.2 bp −$632	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	−0.0016%	1h	0.000003582	−0.290%	$45K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003599	+0.196%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003602	+0.273%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.863%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003592	−0.013%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003588	−0.122%	$54K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003592	−0.011%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003599	+0.184%	$119K	$139K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003591	−0.037%	$18.5M	$80.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003588	−0.122%	$12.4M	$24.7M	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	0.000003592	−0.011%	$3.0M	$13.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003590	−0.067%	$956K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003585	−0.206%	$11.8M	$9.2M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003592	long leg	$3.0M	$10.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003585	−0.206%	$4.6M	$4.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003590	−0.067%	—	$5.0M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003598	+0.152%	$341K	$147K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003596	+0.100%	$61K	$707K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003589	−0.095%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003598	+0.156%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003592	−0.011%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003595	+0.072%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003591	−0.050%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003588	−0.122%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0133%	4h	0.000003592	−0.011%	$1.1M	$19.3M	75x	as long as short
Lighter 1000BONK	+0.0136%	1h	0.000003596	+0.100%	$251K	$747K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−16.490%	$548	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0307%	1h	0.000003591	−0.039%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1267%	1h	0.000003599	+0.184%	$12.3M	$7.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1735%	1h	0.000003598	+0.156%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2994%	1h	0.000003606	+0.386%	$222K	$222K	50x	as long as short