Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.031%
Price spread now: GMX against Aevo+0.021%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.021% dearer against Aevo than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo VIRTUAL-PERP0.71940.0104pay 0.0013% / 1h15m 05s$18K$5053x
ShortGMX VIRTUAL/USD [WBTC.b-USDC]0.7196L +0.0298% / S −0.0228%get 0.0029% / 1h15m 05s$30K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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

Funding earned
$26.08
Price spread: +0.021% → 0.000%
$2.08
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
$0.16
Costs to cover
0.280%
Break-even
7.0 days
Slippage unknown: Aevo: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell GMX no order-book sample
Aevo and GMX: 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.

VIRTUAL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−0.0160%1h0.7117−1.075%$46$88K5.5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7192−0.031%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7193−0.022%$11K$45K5xas long as short
01 Exchange VIRTUALUSD−0.0096%1h0.7203+0.120%$2K$13110xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0028%1h0.7195+0.009%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7196+0.025%$13K150xas long as short
Variational Omni VIRTUAL+0.0079%4h0.7187−0.100%$527K$878Kas long as short
Orderly PERP_VIRTUAL_USDC+0.0083%4h0.7194−0.005%$14K$1.5M10xas long as short
Lighter VIRTUAL+0.0088%1h0.7190−0.058%$327K$391K5xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7204+0.130%$8.8M$3.7M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7197+0.034%$195K$82K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7193−0.013%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7193−0.019%$16.4M$37.2M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7189−0.074%$15.6M$15.5M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7194−0.005%$2.8M$9.1M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7195+0.009%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7193−0.019%$17.4M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7198+0.051%$3.1M$4.0M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7197+0.037%$6.2M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7194−0.005%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7198+0.051%$236K$159K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7194−0.006%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7190−0.059%$637K$965K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7195+0.009%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7198+0.044%$30K$810K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7193−0.019%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7193−0.023%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7192−0.039%$53K$246K10xas long as short
Aevo VIRTUAL-PERPlong+0.0104%1h0.7194long leg$18K$5053x
GMX VIRTUAL/USD [WBTC.b-USDC]shortL +0.0298% / S −0.0228%1h0.7196+0.021%$30K100x
BloFin VIRTUAL-USDT+0.0340%4h0.7186−0.116%$812K$802K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7203+0.120%$196K$95K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0522%1h0.7205+0.144%$538K$544K50xas long as short