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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0071%/8h= −7.7% APRnext payment $0.09 per $10,000 · paid last 24h −0.026%
Price spread now: Injective against Aevo−0.427%7-day average · you buy dearer than you sell
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 5 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.427% cheaper against Aevo than usual: you would sell low and buy high (−$43 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo VIRTUAL-PERP0.71480.0104pay 0.0013% / 1h8m 38s$18K3x
ShortInjective VIRTUAL/USDC PERP0.71170.0033get 0.0004% / 1h8m 38s$46$88K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14.84
Price spread: −0.427% → 0.000%
−$42.74
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$73.6
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Injective: 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 Injective no order-book sample
Aevo and Injective: 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
Reya VIRTUALRUSDPERP−0.0139%1h0.7145−0.031%$2410xas long as short
Phoenix VIRTUAL−0.0101%1h0.7146−0.024%$11K$36K5xas long as short
01 Exchange VIRTUALUSD−0.0080%1h0.7153+0.076%$2K$10610xas long as short
Variational Omni VIRTUAL−0.0049%4h0.7138−0.131%$530K$903Kas long as short
Lighter VIRTUAL−0.0008%1h0.7141−0.096%$322K$404K5xas long as short
Kraken Futures PF_VIRTUALUSD−0.0005%1h0.7152+0.062%$522K$762K50xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7149+0.020%$15K$40K10xas long as short
Bybit VIRTUALUSDT+0.0005%4h0.7138−0.134%$16.2M$18.9M50xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7146−0.023%$14K150xas long as short
Injective VIRTUAL/USDC PERPshort+0.0033%1h0.7117−0.427%$46$88K5.5x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_VIRTUAL_USDC+0.0072%4h0.7150+0.034%$16K$1.6M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7146−0.027%$92K$302K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7145−0.043%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7143−0.064%$16.1M$42.3M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7144−0.050%$2.9M$10.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7146−0.022%$1.5M$3.4M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7143−0.064%$15.9M$5.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7146−0.022%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7145−0.036%$6.0M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7144−0.050%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7150+0.034%$237K$176K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7144−0.046%$19K$260K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7146−0.022%$638K$1.1M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7146−0.022%$40K$236K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7152+0.057%$47K$1.0M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7154+0.090%$1K$1.4M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7147−0.006%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7143−0.064%$55K$259K10xas long as short
Aevo VIRTUAL-PERPlong+0.0104%1h0.7148long leg$18K3x
Hyperliquid VIRTUAL+0.0205%1h0.7153+0.079%$8.8M$3.9M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0313% / S −0.0258%1h0.7146−0.017%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7151+0.048%$783K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7175+0.384%$200K$101K50xas long as short