Funding arb · Price arb /

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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: SunX against Variational Omni+0.004%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 1000BONK	0.000003522	0.0100	pay 0.0050% / 4h	3h 23m	$326K	$140K	—
Short	SunX BONK-USDT	0.000003522	0.0100	get 0.0050% / 4h	3h 23m	$2K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.57
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; SunX: 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, 31 min ago	5.77 bp	doesn't fit	46.2 bp −$462	doesn't fit	doesn't fit
Sell SunX no order-book sample	—	—	—	—	—

SunX: 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	−0.0312%	1h	0.000003509	−0.365%	$44K	$39K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003518	−0.100%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003514	−0.220%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.037%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0045%	4h	0.000003514	−0.223%	$990K	$16.6M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003517	−0.138%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003516	−0.170%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003514	−0.223%	$81K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003519	−0.081%	$118K	$107K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003515	−0.189%	$17.4M	$63.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003514	−0.209%	$11.4M	$19.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003516	−0.166%	$2.6M	$9.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003515	−0.194%	$879K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003511	−0.308%	$9.8M	$7.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003513	−0.246%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003516	−0.166%	$4.5M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003514	−0.223%	—	$6.5M	—	as long as short
Variational Omni 1000BONKlong	+0.0100%	4h	0.000003522	long leg	$326K	$140K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003504	−0.507%	$59K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003515	−0.180%	$38K	$108K	10x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003522	+0.004%	$2K	$12K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003517	−0.138%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003522	+0.004%	$100K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003516	−0.180%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003517	−0.138%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.817%	$587	—	100x	as long as short
Lighter 1000BONK	+0.0200%	1h	0.000003521	−0.024%	$247K	$692K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0319%	1h	0.000003519	−0.081%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0841%	1h	0.000003523	+0.033%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1410%	1h	0.000003518	−0.109%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2381%	1h	0.000003527	+0.136%	$225K	$178K	50x	as long as short