Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Binance+0.345%79s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

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

costs, in and out, $10k−$470.466% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now +0.345%, 7d avg −0.020%

Together, before fees+0.229%+ Points / potential airdropGRVT: Active · farm board+$23 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: GRVT is 0.364% dearer against Binance than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 79 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	Binance VIRTUALUSDT	0.7098	0.0100	pay 0.0050% / 4h	24m 13s	$16.0M	$42.2M	75x
Short	GRVT VIRTUAL_USDT_Perp	0.7122	0.0100	get 0.0050% / 4h	24m 13s	$632K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now +0.345%Rate

Funding earned: $0
Price spread: +0.345% → −0.020%: $36.42
Slippage, 4 orders: −$27.65
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$10.23
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; GRVT: live order book, 4 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 Binance live order book, 3 min ago	0.70 bp	11.9 bp −$12	25.6 bp −$256	124.4 bp −$12.4K	doesn't fit
Sell GRVT live order book, 4 min ago	2.10 bp	15.5 bp −$16	42.9 bp −$429	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	−0.0338%	1h	0.7106	+0.107%	$516K	$741K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0313%	1h	0.7098	0.000%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7097	−0.012%	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0115%	4h	0.7103	+0.066%	$533K	$837K	—	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7098	0.000%	$2K	$106	10x	as long as short
Lighter VIRTUAL	−0.0080%	1h	0.7094	−0.058%	$320K	$403K	5x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7119	+0.294%	$11K	$36K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7099	+0.016%	$22K	—	150x	as long as short
Bybit VIRTUALUSDT	+0.0028%	4h	0.7096	−0.028%	$16.1M	$18.9M	50x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.268%	$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	0.7097	−0.014%	$16K	$1.7M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7099	+0.015%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7104	+0.090%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDTlong	+0.0100%	4h	0.7098	long leg	$16.0M	$42.2M	75x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7098	0.000%	$2.8M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7099	+0.014%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7099	+0.014%	$15.6M	$5.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7099	+0.014%	$3.0M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7099	+0.014%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7100	+0.028%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7101	+0.042%	$235K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7128	+0.420%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perpshort	+0.0100%	4h	0.7122	+0.345%	$632K	$1.1M	10x
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7121	+0.324%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7095	−0.038%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7100	+0.028%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7097	−0.007%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7097	−0.012%	$53K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7097	−0.021%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0280%	1h	0.7112	+0.194%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7100	+0.023%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7101	+0.042%	$785K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7170	+1.014%	$200K	$100K	50x	as long as short