VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0290%/8h= −31.7% APRnext payment −$1.45 per $10,000 · paid last 24h −0.090%

Price spread now: Variational Omni against BloFin−0.121%7-day average −0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.301%−$30 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.121%, 7d avg −0.016%

Together, before fees−0.149%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.105% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VIRTUAL-USDT	0.7146	0.0340	pay 0.0170% / 4h	1h 50m	$789K	$1.0M	75x
Short	Variational Omni VIRTUAL	0.7137	0.0050	get 0.0025% / 4h	1h 50m	$530K	$914K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.121%Rate

Funding earned: −$60.83
Price spread: −0.121% → −0.016%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$83.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 min ago; Variational Omni: RFQ quote, 58 min ago. Net counts fees only.

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, 1 min ago	2.11 bp	10.7 bp −$11	21.9 bp −$219	62.5 bp −$6,255	doesn't fit
Sell Variational Omni RFQ quote, 58 min ago	4.21 bp	doesn't fit	16.8 bp −$168	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0170%	1h	0.7138	−0.112%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7135	−0.149%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7126	−0.280%	$2K	$106	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7135	−0.154%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0056%	1h	0.7140	−0.077%	$324K	$400K	5x	as long as short
Bybit VIRTUALUSDT	−0.0053%	4h	0.7144	−0.028%	$16.2M	$19.0M	50x	as long as short
SoDEX VIRTUAL-USD	−0.0051%	1h	0.7141	−0.063%	$1K	$9K	5x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0005%	1h	0.7145	−0.009%	$524K	$758K	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7142	−0.053%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.406%	$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
Variational Omni VIRTUALshort	+0.0050%	4h	0.7137	−0.121%	$530K	$914K	—
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7137	−0.126%	$15K	$1.6M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7164	+0.245%	$8.8M	$4.0M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7153	+0.096%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7131	−0.208%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7152	+0.090%	$16.1M	$42.3M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7151	+0.070%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7150	+0.056%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7150	+0.056%	$16.1M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7147	+0.014%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7151	+0.070%	$6.0M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7148	+0.028%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7148	+0.028%	$237K	$176K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7130	−0.219%	$19K	$261K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7138	−0.118%	$641K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7135	−0.154%	$40K	$237K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7137	−0.129%	$51K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7128	−0.252%	$2K	$1.4M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7148	+0.033%	$55K	$304K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7138	−0.116%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7144	−0.027%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7146	long leg	$789K	$1.0M	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7192	+0.644%	$200K	$102K	50x	as long as short