Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Aster−0.836%80s7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.564% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.927%+$93 · spread now −0.836%, 7d avg −0.085%

Together, before fees+0.919%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$92 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: edgeX is 0.751% cheaper against Aster than usual: you would sell low and buy high, −$75 on $10k if it goes back to its 7-day average of −0.085%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VIRTUALUSDT	0.7207	0.0100	pay 0.0050% / 4h	1h 24m	$196K	$84K	20x
Short	edgeX VIRTUALUSDC	0.7146	0.0100	get 0.0050% / 4h	1h 24m	$19K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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 AsterbpFee edgeXbpOrdersPrice spread, now −0.836%Rate

Funding earned: $0
Price spread: −0.836% → −0.085%: −$75.08
Slippage, 4 orders: −$39.39
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$131.47
Costs to cover: 0.564%
Break-even: never at this rate

Slippage from Aster: live order book, 57 min ago; edgeX: live order book, 58 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 Aster live order book, 57 min ago	7.64 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	2.78 bp	8.1 bp −$8	21.0 bp −$210	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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7202	−0.063%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0120%	1h	0.7197	−0.135%	$327K	$414K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7198	−0.120%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0045%	1h	0.7181	−0.353%	$11K	$40K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7203	−0.051%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7205	−0.021%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.244%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7203	−0.051%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7212	+0.070%	$8.8M	$3.8M	5x	as long as short
Aster VIRTUALUSDTlong	+0.0100%	4h	0.7207	long leg	$196K	$84K	20x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7203	−0.052%	$72K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7203	−0.054%	$16.4M	$37.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7199	−0.106%	$15.6M	$15.8M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7202	−0.064%	$2.8M	$9.2M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7202	−0.064%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7201	−0.078%	$17.3M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7204	−0.037%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7207	+0.005%	$6.1M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7204	−0.037%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7205	−0.023%	$239K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7170	−0.514%	$525K	$877K	—	as long as short
edgeX VIRTUALUSDCshort	+0.0100%	4h	0.7146	−0.836%	$19K	$256K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7162	−0.622%	$634K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7149	−0.800%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7207	−0.001%	$31K	$880K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7204	−0.037%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7203	−0.051%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7202	−0.070%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7203	−0.053%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	0.7206	−0.015%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7197	−0.134%	$810K	$794K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7207	+0.005%	$196K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0509%	1h	0.7212	+0.073%	$586K	$596K	50x	as long as short