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+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.035%
Price spread now: GMX against ApeX Omni+0.201%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 0.201% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni VIRTUALUSDT0.71190.0100pay 0.0013% / 1h54m 41s$40K$243K50x
ShortGMX VIRTUAL/USD [WBTC.b-USDC]0.7133L +0.0297% / S −0.0228%get 0.0029% / 1h54m 41s$30K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$26.92
Price spread: +0.201% → 0.000%
$20.14
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$25.06
Costs to cover
0.220%
Break-even
0.5 days
Slippage unknown: ApeX Omni: live order book, 31 min ago; 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 ApeX Omni live order book, 31 min ago7.02 bp14.8 bp −$15103.4 bp −$1,034doesn't fitdoesn't fit
Sell GMX no order-book sample
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%1h0.7117−0.028%$46$88K5.5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7130+0.149%$2410xas long as short
01 Exchange VIRTUALUSD−0.0104%1h0.7129+0.140%$2K$13110xas long as short
Phoenix VIRTUAL−0.0079%1h0.7119−0.004%$11K$45K5xas long as short
Variational Omni VIRTUAL−0.0023%4h0.7121+0.035%$518K$872Kas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7135+0.225%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7134+0.210%$12K150xas long as short
Lighter VIRTUAL+0.0072%1h0.7116−0.049%$324K$391K5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0081%4h0.7134+0.211%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7129+0.147%$8.7M$3.6M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7128+0.120%$194K$76K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7114−0.077%$73K$41K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7112−0.104%$16.3M$36.5M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7101−0.253%$15.3M$15.4M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7088−0.435%$2.8M$9.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7098−0.295%$1.5M$2.8M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7109−0.140%$17.0M$4.0M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7125+0.084%$3.1M$3.9M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7093−0.365%$6.1M$5.2M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7092−0.379%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7136+0.239%$234K$154K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7113−0.077%$19K$255K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7124+0.070%$635K$982K10xas long as short
ApeX Omni VIRTUALUSDTlong+0.0100%1h0.7119long leg$40K$243K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7134+0.204%$33K$782K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7124+0.070%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7133+0.190%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7089−0.421%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7133+0.193%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]shortL +0.0297% / S −0.0228%1h0.7133+0.201%$30K100x
BloFin VIRTUAL-USDT+0.0340%4h0.7132+0.183%$814K$801K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7152+0.464%$195K$104K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0527%1h0.7140+0.292%$520K$516K50xas long as short