Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Extended+0.028%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$590.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.028%, 7d avg +0.076%
Together, before fees+0.147%+ Points / potential airdropExtended: Active · farm board+$15 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: ApeX Omni is 0.048% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended VIRTUAL-USD0.73200.0104pay 0.0013% / 1h32m 55s$54K$246K10x
ShortApeX Omni VIRTUALUSDT0.73220.0100get 0.0013% / 1h32m 55s$40K$245K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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

Funding earned
−$0.84
Price spread: +0.028% → +0.076%
−$4.79
Slippage, 4 orders
−$43.5
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$64.13
Costs to cover
0.585%
Break-even
never at this rate
Slippage from Extended: live order book, 44 min ago; ApeX Omni: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 44 min ago2.09 bp14.3 bp −$14245.2 bp −$2,452doesn't fitdoesn't fit
Sell ApeX Omni live order book, 44 min ago6.95 bp15.0 bp −$1597.0 bp −$970doesn't fitdoesn't fit

VIRTUAL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya VIRTUALRUSDPERP−0.0139%1h0.7328+0.111%$2510xas long as short
01 Exchange VIRTUALUSD−0.0128%1h0.7328+0.110%$2K$13110xas long as short
Phoenix VIRTUAL−0.0066%1h0.7309−0.143%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7336+0.219%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0010%1h0.7333+0.182%$9K150xas long as short
Lighter VIRTUAL+0.0024%1h0.7327+0.089%$333K$415K5xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.773%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7331+0.151%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7328+0.116%$201K$101K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7329+0.122%$73K$44K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7323+0.040%$16.6M$38.4M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7322+0.028%$16.2M$16.5M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7321+0.014%$2.9M$9.5M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7325+0.069%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7323+0.041%$18.2M$4.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7327+0.096%$4.4M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7331+0.151%$6.3M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7324+0.055%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7336+0.219%$248K$169K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7305−0.209%$535K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7295−0.348%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7305−0.204%$649K$915K10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7322+0.028%$40K$245K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7334+0.186%$37K$955K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7329+0.123%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7331+0.151%$1K$9K5xas long as short
Extended VIRTUAL-USDlong+0.0104%1h0.7320long leg$54K$246K10x
Aevo VIRTUAL-PERP+0.0104%1h0.7330+0.136%$18K$5053xas long as short
Hyperliquid VIRTUAL+0.0131%1h0.7342+0.302%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0300% / S −0.0228%1h0.7333+0.175%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7328+0.110%$815K$851K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7339+0.260%$199K$97K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0858%1h0.7346+0.351%$600K$582K50xas long as short