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+0.0425%/8h= +46.6% APRnext payment +$0.53 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Aevo+0.108%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 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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.108% dearer against Aevo than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo VIRTUAL-PERP0.71050.0104pay 0.0013% / 1h46m 03s$18K$5053x
ShortKraken Futures PF_VIRTUALUSD0.71120.0529get 0.0066% / 1h46m 03s$521K$522K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$89.31
Price spread: +0.108% → 0.000%
$10.81
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$74.11
Costs to cover
0.260%
Break-even
1.2 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 42 min ago. 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 Kraken Futures live order book, 42 min ago4.91 bp12.6 bp −$1344.8 bp −$448doesn't fitdoesn't fit
Aevo: 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+0.172%$46$88K5.5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7104−0.009%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7112+0.096%$11K$45K5xas long as short
01 Exchange VIRTUALUSD−0.0080%1h0.7106+0.017%$2K$13110xas long as short
Variational Omni VIRTUAL−0.0021%4h0.7104−0.018%$518K$872Kas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7108+0.045%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7108+0.039%$12K150xas long as short
Orderly PERP_VIRTUAL_USDC+0.0081%4h0.7106+0.017%$14K$1.5M10xas long as short
Lighter VIRTUAL+0.0096%1h0.7101−0.049%$323K$391K5xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7112+0.097%$8.7M$3.6M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7109+0.061%$193K$76K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7110+0.067%$73K$41K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7107+0.031%$16.3M$36.5M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7104−0.011%$15.3M$15.3M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7104−0.011%$2.8M$9.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7108+0.045%$1.5M$2.8M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7103−0.025%$17.0M$4.0M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7108+0.045%$3.1M$3.9M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7109+0.059%$6.0M$5.2M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7104−0.011%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7108+0.045%$236K$155K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7107+0.037%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7107+0.035%$629K$994K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7108+0.045%$40K$244K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7108+0.045%$33K$783K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7110+0.073%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7105−0.004%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7103−0.020%$53K$246K10xas long as short
Aevo VIRTUAL-PERPlong+0.0104%1h0.7105long leg$18K$5053x
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0296% / S −0.0228%1h0.7108+0.040%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7113+0.115%$815K$795K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7152+0.664%$195K$95K50xas long as short
Kraken Futures PF_VIRTUALUSDshort+0.0529%1h0.7112+0.108%$521K$522K50x