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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni−0.181%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.181% cheaper against Variational Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003357	0.0100	pay 0.0050% / 4h	1h 20m	$301K	$121K	—
Short	Aevo 1000BONK-PERP	0.000003351	0.0104	get 0.0013% / 1h	20m 00s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.181%Rate

Funding earned: $0.84
Price spread: −0.181% → 0.000%: −$18.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$33.27
Costs to cover: 0.160%
Break-even: 284.3 days

Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Aevo: no order-book sample. 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, 64 min ago	7.40 bp	doesn't fit	63.6 bp −$636	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0248%	1h	0.000003342	−0.449%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003362	+0.147%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0082%	4h	0.000003352	−0.151%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003358	+0.024%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003360	+0.074%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003355	−0.062%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.475%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003356	−0.030%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003356	−0.032%	$189K	$301K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003357	+0.012%	$19K	$106K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003356	−0.039%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003360	+0.087%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003355	−0.068%	$15.1M	$51.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003352	−0.148%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003356	−0.032%	$2.4M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003355	−0.062%	$742K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003352	−0.151%	$10.1M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003354	−0.104%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003350	−0.211%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003354	−0.092%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003355	−0.062%	$30K	$7K	10x	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003357	long leg	$301K	$121K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003348	−0.270%	$57K	$699K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003361	+0.117%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003354	−0.092%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003361	+0.117%	$91K	$151K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003353	−0.126%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERPshort	+0.0104%	1h	0.000003351	−0.181%	$4K	—	3x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.637%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0926%	1h	0.000003362	+0.147%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0963%	1h	0.000003364	+0.203%	$204K	$149K	50x	as long as short