VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against Bybit0.000%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.038%−$4 · spread now 0.000%, 7d avg +0.015%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VIRTUALUSDT	0.7096	0.0028	pay 0.0014% / 4h	24m 24s	$16.1M	$18.9M	50x
Short	Binance VIRTUALUSDT	0.7096	0.0100	get 0.0050% / 4h	24m 24s	$16.0M	$42.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $15.1
Price spread: 0.000% → +0.015%: −$1.45
Slippage, 4 orders: −$23.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.45
Costs to cover: 0.441%
Break-even: 21.1 days

Slippage from Bybit: live order book, 9 min ago; Binance: live order book, 3 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 Bybit live order book, 9 min ago	0.70 bp	12.5 bp −$12	25.1 bp −$251	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.70 bp	8.1 bp −$8	18.2 bp −$182	95.0 bp −$9,500	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	+0.135%	$516K	$741K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0313%	1h	0.7098	+0.028%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7097	+0.016%	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0115%	4h	0.7103	+0.094%	$533K	$837K	—	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7098	+0.028%	$2K	$106	10x	as long as short
Lighter VIRTUAL	−0.0080%	1h	0.7099	+0.042%	$320K	$403K	5x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7119	+0.323%	$11K	$36K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7112	+0.226%	$14K	—	150x	as long as short
Bybit VIRTUALUSDTlong	+0.0028%	4h	0.7096	long leg	$16.1M	$18.9M	50x
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.296%	$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	0.7100	+0.053%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7104	+0.118%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDTshort	+0.0100%	4h	0.7096	0.000%	$16.0M	$42.2M	75x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7100	+0.056%	$2.8M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7100	+0.056%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7098	+0.028%	$15.6M	$5.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7100	+0.056%	$3.0M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7097	+0.014%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7100	+0.056%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7108	+0.169%	$235K	$174K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7128	+0.448%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7122	+0.373%	$632K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7121	+0.352%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7095	−0.010%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7100	+0.056%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7097	+0.021%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7097	+0.016%	$53K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7097	+0.007%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0278%	1h	0.7109	+0.186%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7113	+0.234%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7101	+0.070%	$785K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7170	+1.043%	$200K	$100K	50x	as long as short