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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni+0.145%7-day average +0.093% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

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)−0.187%−$19 · spread now +0.145%, 7d avg +0.093%

Together, before fees−0.141%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: KuCoin is 0.052% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003434	0.0100	pay 0.0050% / 4h	1h 48m	$334K	$125K	—
Short	KuCoin 1000BONKUSDTM	0.000003439	0.0100	get 0.0050% / 4h	1h 48m	$2.9M	$10.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.093%: $5.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.78
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; KuCoin: live order book, 3 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, 63 min ago	7.21 bp	doesn't fit	50.5 bp −$505	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.46 bp	30.3 bp −$30	188.5 bp −$1,885	doesn't fit	doesn't fit

BONK on 31 exchanges

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	−0.0056%	1h	0.000003447	+0.390%	$45K	$90K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003440	+0.180%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.649%	$3K	$57	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003435	+0.045%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003441	+0.215%	$243K	$735K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003438	+0.127%	$66K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003440	+0.186%	$54K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003438	+0.127%	$114K	$150K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003441	+0.214%	$17.6M	$89.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003437	+0.101%	$12.1M	$26.2M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003440	+0.186%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003436	+0.069%	$906K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003439	+0.157%	$10.8M	$10.6M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003439	+0.145%	$2.9M	$10.7M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003436	+0.069%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003440	+0.186%	—	$5.0M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003434	long leg	$334K	$125K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003441	+0.215%	$58K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003440	+0.186%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003444	+0.302%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003441	+0.215%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003458	+0.710%	$99K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003438	+0.138%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003439	+0.157%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003443	+0.273%	$1.1M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.629%	$525	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0331%	1h	0.000003443	+0.273%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0405%	1h	0.000003443	+0.273%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1192%	1h	0.000003447	+0.390%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1650%	1h	0.000003445	+0.343%	$175K	$253K	50x	as long as short
dYdX BONK-USD	+0.2399%	1h	0.000003439	+0.161%	$13K	$12K	10x	as long as short