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: MEXC against edgeX+0.176%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.557%−$56 · spread now +0.176%, 7d avg +0.028%

Together, before fees−0.558%+ Points / potential airdropedgeX: Active · farm board−$56 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: MEXC is 0.148% dearer against edgeX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VIRTUALUSDC	0.7113	0.0100	pay 0.0050% / 4h	2h 54m	$19K	$255K	10x
Short	MEXC VIRTUAL_USDT	0.7126	0.0100	get 0.0050% / 4h	2h 54m	$17.0M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.028%: $14.81
Slippage, 4 orders: −$12.14
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$6.32
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; MEXC: 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 edgeX live order book, 32 min ago	2.11 bp	7.3 bp −$7	14.2 bp −$142	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.70 bp	4.3 bp −$4	7.2 bp −$72	69.5 bp −$6,951	251.7 bp −$125.8K

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
Injective VIRTUAL/USDC PERP	−0.0160%	1h	0.7117	+0.049%	$46	$88K	5.5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7130	+0.227%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0104%	1h	0.7129	+0.218%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0079%	1h	0.7119	+0.073%	$11K	$45K	5x	as long as short
Variational Omni VIRTUAL	−0.0023%	4h	0.7121	+0.112%	$518K	$872K	—	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7135	+0.302%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7134	+0.288%	$12K	—	150x	as long as short
Lighter VIRTUAL	+0.0064%	1h	0.7125	+0.163%	$324K	$391K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0081%	4h	0.7134	+0.288%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7129	+0.225%	$8.7M	$3.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7132	+0.259%	$194K	$76K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7125	+0.159%	$74K	$41K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7125	+0.166%	$16.3M	$36.6M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7120	+0.092%	$15.4M	$15.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7118	+0.063%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7134	+0.288%	$1.5M	$2.8M	75x	as long as short
MEXC VIRTUAL_USDTshort	+0.0100%	4h	0.7126	+0.176%	$17.0M	$4.0M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7134	+0.288%	$3.1M	$4.0M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7126	+0.176%	$6.1M	$5.2M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7123	+0.134%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7136	+0.317%	$234K	$154K	10x	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7113	long leg	$19K	$255K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7124	+0.148%	$635K	$982K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7119	+0.078%	$40K	$243K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7134	+0.281%	$33K	$782K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7124	+0.148%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7133	+0.267%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7120	+0.095%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7133	+0.271%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	0.7133	+0.279%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7132	+0.260%	$814K	$801K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7152	+0.541%	$195K	$104K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0527%	1h	0.7140	+0.370%	$520K	$516K	50x	as long as short