Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni−0.605%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 BingX

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: BingX is 0.605% cheaper against Variational Omni than usual: you would sell low and buy high, −$61 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	0.000003458	0.0100	pay 0.0050% / 4h	2h 22m	$315K	$127K	—
Short	BingX 1000BONK-USDC	0.000003437	0.0100	get 0.0050% / 4h	2h 22m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BingXbpOrdersPrice spread, now −0.605%Rate

Funding earned: $0
Price spread: −0.605% → 0.000%: −$60.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$70.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 47 min ago; BingX: 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, 47 min ago	5.85 bp	doesn't fit	52.6 bp −$526	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.36 bp	28.2 bp −$28	76.4 bp −$764	426.5 bp −$42.7K	716.0 bp −$358.0K

BONK on 30 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	−0.0336%	1h	0.000003437	−0.605%	$44K	$27K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0005%	4h	0.000003440	−0.519%	$29K	$58K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003444	−0.392%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003440	−0.516%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.319%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0041%	1h	0.000003441	−0.490%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003442	−0.462%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003440	−0.519%	$232K	$671K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003442	−0.461%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003441	−0.476%	$66K	$253K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003446	−0.345%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003439	−0.536%	$16.1M	$56.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003436	−0.649%	$10.9M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003432	−0.750%	$2.5M	$8.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003436	−0.634%	$761K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003439	−0.547%	$9.5M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003436	−0.640%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003434	−0.692%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDCshort	+0.0100%	4h	0.000003437	−0.605%	—	$6.5M	—
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003458	long leg	$315K	$127K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003448	−0.287%	$58K	$709K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003446	−0.345%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003437	−0.605%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003450	−0.229%	$98K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003439	−0.560%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003438	−0.576%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.243%	$575	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0373%	1h	0.000003438	−0.576%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0992%	1h	0.000003444	−0.403%	$10.2M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2046%	1h	0.000003444	−0.412%	$215K	$165K	50x	as long as short