Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+1.140%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs+$60as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−1.551%−$155 · spread now +1.140%, 7d avg −0.007%

Together, before fees−1.494%−$149 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: Bitget is 1.147% dearer against ApeX Omni than usual: you sell high and buy low, +$115 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni VIRTUALUSDT	0.7107	0.0100	pay 0.0013% / 1h	23m 24s	$40K	$234K	50x
Short	Bitget VIRTUALUSDT	0.7188	0.0100	get 0.0050% / 4h	3h 23m	$6.1M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +1.140%Rate

Funding earned: $0
Price spread: +1.140% → −0.007%: $114.72
Slippage, 4 orders: −$32.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $60.1
Costs to cover: 0.546%
Break-even: from the start

Slippage from ApeX Omni: live order book, 8 min ago; Bitget: live order book, 5 min ago.

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 ApeX Omni live order book, 8 min ago	7.04 bp	15.4 bp −$15	99.6 bp −$996	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.81 bp	13.5 bp −$14	29.3 bp −$293	doesn't fit	doesn't fit

VIRTUAL on 33 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
Kraken Futures PF_VIRTUALUSD	−0.0225%	1h	0.7145	+0.538%	$514K	$739K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7180	+1.032%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0088%	1h	0.7163	+0.784%	$324K	$402K	5x	as long as short
Variational Omni VIRTUAL	−0.0062%	4h	0.7097	−0.139%	$532K	$753K	—	as long as short
SoDEX VIRTUAL-USD	−0.0039%	1h	0.7145	+0.528%	$1K	$9K	5x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7122	+0.211%	$11K	$36K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7146	+0.549%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7125	+0.250%	$22K	—	150x	as long as short
Bybit VIRTUALUSDT	+0.0009%	4h	0.7185	+1.098%	$16.4M	$18.8M	50x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.141%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7186	+1.112%	$15K	$1.9M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7181	+1.036%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7170	+0.884%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7182	+1.052%	$16.0M	$41.7M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7190	+1.168%	$2.9M	$10.2M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7176	+0.971%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7176	+0.971%	$15.3M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7174	+0.943%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDTshort	+0.0100%	4h	0.7188	+1.140%	$6.1M	$5.7M	25x
BingX VIRTUAL-USDT	+0.0100%	4h	0.7185	+1.098%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7155	+0.675%	$238K	$176K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7117	+0.146%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7121	+0.199%	$636K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDTlong	+0.0100%	1h	0.7107	long leg	$40K	$234K	50x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7179	+1.013%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7141	+0.478%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7184	+1.084%	$54K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7185	+1.104%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0155%	1h	0.7193	+1.207%	$8.9M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7146	+0.547%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7122	+0.211%	$777K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7168	+0.858%	$200K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6248%	1h	0.7308	+2.828%	$2K	$106	10x	as long as short