Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against edgeX+0.394%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

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

costs, in and out, $10k−$410.407% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.391%−$39 · spread now +0.394%, 7d avg +0.044%

Together, before fees−0.406%+ Points / potential airdropedgeX: Active · farm board−$41 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: OKX is 0.350% dearer against edgeX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VIRTUALUSDC	0.7295	0.0100	pay 0.0050% / 4h	3h 42m	$19K	$260K	10x
Short	OKX VIRTUAL-USDT-SWAP	0.7324	0.0100	get 0.0050% / 4h	3h 42m	$2.9M	$9.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.394%Rate

Funding earned: $0
Price spread: +0.394% → +0.044%: $35
Slippage, 4 orders: −$21.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.74
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; OKX: live order book, 5 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, 30 min ago	2.06 bp	7.1 bp −$7	19.7 bp −$197	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.37 bp	14.7 bp −$15	38.2 bp −$382	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	0.7307	+0.163%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7302	+0.095%	$11K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0088%	1h	0.7305	+0.134%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7313	+0.243%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7312	+0.224%	$9K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.443%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0056%	1h	0.7305	+0.138%	$331K	$417K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0088%	4h	0.7314	+0.257%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7309	+0.192%	$200K	$158K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7304	+0.127%	$72K	$45K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7323	+0.380%	$16.9M	$39.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7324	+0.394%	$16.4M	$17.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAPshort	+0.0100%	4h	0.7324	+0.394%	$2.9M	$9.7M	20x
Gate VIRTUAL_USDT	+0.0100%	4h	0.7316	+0.285%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7316	+0.285%	$18.5M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7314	+0.257%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7332	+0.504%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7324	+0.394%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7313	+0.243%	$248K	$166K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7302	+0.091%	$546K	$888K	—	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7295	long leg	$19K	$260K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7303	+0.107%	$648K	$916K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7299	+0.052%	$40K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7312	+0.235%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7314	+0.257%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7311	+0.223%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7318	+0.311%	$58K	$249K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7313	+0.239%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0133%	1h	0.7318	+0.317%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7313	+0.247%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7310	+0.202%	$827K	$846K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7366	+0.970%	$200K	$92K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0739%	1h	0.7324	+0.392%	$604K	$634K	50x	as long as short