VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Gate against BloFin+0.152%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.152%, 7d avg +0.032%

Together, before fees−0.432%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.120% dearer against BloFin than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.032%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VIRTUAL-USDT	0.7220	0.0340	pay 0.0170% / 4h	1h 00m	$807K	$812K	75x
Short	Gate VIRTUAL_USDT	0.7231	0.0100	get 0.0050% / 4h	1h 00m	$1.5M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.152%Rate

Funding earned: −$50.4
Price spread: +0.152% → +0.032%: $11.99
Slippage, 4 orders: −$29.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$94.42
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from BloFin: live order book, 16 min ago; Gate: live order book, 2 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 BloFin live order book, 16 min ago	1.39 bp	8.6 bp −$9	18.9 bp −$189	53.9 bp −$5,392	doesn't fit
Sell Gate live order book, 2 min ago	2.08 bp	20.4 bp −$20	98.7 bp −$987	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	0.7216	−0.062%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0128%	1h	0.7229	+0.125%	$2K	$131	10x	as long as short
Lighter VIRTUAL	−0.0120%	1h	0.7224	+0.058%	$329K	$414K	5x	as long as short
Phoenix VIRTUAL	−0.0045%	1h	0.7221	+0.011%	$11K	$40K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7222	+0.028%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7224	+0.052%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.427%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7221	+0.014%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7239	+0.269%	$8.8M	$3.8M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7231	+0.154%	$190K	$91K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7231	+0.155%	$72K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7229	+0.125%	$16.4M	$37.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7227	+0.097%	$15.8M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7227	+0.097%	$2.8M	$9.3M	20x	as long as short
Gate VIRTUAL_USDTshort	+0.0100%	4h	0.7231	+0.152%	$1.5M	$2.9M	75x
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7228	+0.111%	$17.6M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7231	+0.152%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7234	+0.194%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7230	+0.139%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7231	+0.152%	$240K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7185	−0.491%	$525K	$878K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7216	−0.056%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7210	−0.139%	$638K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7221	+0.014%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7223	+0.039%	$34K	$896K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7217	−0.042%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7221	+0.014%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7229	+0.126%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7218	−0.024%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	0.7223	+0.039%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7220	long leg	$807K	$812K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7234	+0.194%	$197K	$96K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0507%	1h	0.7233	+0.174%	$588K	$596K	50x	as long as short