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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: Aster against Variational Omni−0.256%7-day average +0.088% · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

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)+0.313%+$31 · spread now −0.256%, 7d avg +0.088%

Together, before fees+0.359%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$36 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: Aster is 0.343% cheaper against Variational Omni than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003644	0.0100	pay 0.0050% / 4h	1h 33m	$345K	$146K	—
Short	Aster 1000BONKUSDT	0.000003635	0.0100	get 0.0050% / 4h	1h 33m	$60K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.256%Rate

Funding earned: $0
Price spread: −0.256% → +0.088%: −$34.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.33
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Aster: live order book, 8 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, 10 min ago	5.49 bp	doesn't fit	54.9 bp −$549	doesn't fit	doesn't fit
Sell Aster live order book, 8 min ago	9.51 bp	22.9 bp −$23	doesn't fit	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	0.000003622	−0.600%	$46K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003639	−0.126%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003629	−0.402%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.150%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003630	−0.382%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003629	−0.394%	$55K	$123K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003635	−0.256%	$60K	$303K	10x
Pacifica kBONK	+0.0100%	1h	0.000003641	−0.079%	$121K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003633	−0.296%	$18.8M	$79.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003630	−0.380%	$12.5M	$24.4M	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	0.000003642	−0.051%	$3.0M	$13.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003627	−0.463%	$993K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003631	−0.353%	$12.4M	$9.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003629	−0.422%	$2.9M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003639	−0.133%	$4.7M	$4.6M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003634	−0.271%	—	$5.0M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003644	long leg	$345K	$146K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003700	+1.541%	$62K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003625	−0.518%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003626	−0.490%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003623	−0.573%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003644	+0.004%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003629	−0.418%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003619	−0.682%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0150%	4h	0.000003642	−0.051%	$1.1M	$19.2M	75x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003629	−0.408%	$253K	$746K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.670%	$557	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1130%	1h	0.000003628	−0.435%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1225%	1h	0.000003636	−0.216%	$12.5M	$7.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1764%	1h	0.000003633	−0.298%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2966%	1h	0.000003640	−0.107%	$224K	$221K	50x	as long as short