Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+0.070%7-day average +0.048% · you sell dearer than you buy

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.070%, 7d avg +0.048%

Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 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: SunX is 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VIRTUAL-USD	0.7117	0.0104	pay 0.0013% / 1h	59m 00s	$55K	$259K	10x
Short	SunX VIRTUAL-USDT	0.7122	0.0100	get 0.0050% / 4h	59m 00s	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee ExtendedbpFee SunXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$0.84
Price spread: +0.070% → +0.048%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$11.68
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 43 min ago; SunX: live order book, 5 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 Extended live order book, 43 min ago	2.88 bp	15.6 bp −$16	177.1 bp −$1,771	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.52 bp	doesn't fit	doesn't fit	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
Kraken Futures PF_VIRTUALUSD	−0.0337%	1h	0.7123	+0.079%	$520K	$747K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0171%	1h	0.7119	+0.028%	$15K	$40K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0168%	1h	0.7116	−0.015%	$2K	$106	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7117	+0.004%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7124	+0.095%	$11K	$36K	5x	as long as short
Variational Omni VIRTUAL	−0.0077%	4h	0.7111	−0.088%	$528K	$903K	—	as long as short
Lighter VIRTUAL	−0.0032%	1h	0.7115	−0.023%	$321K	$403K	5x	as long as short
Bybit VIRTUALUSDT	−0.0025%	4h	0.7114	−0.043%	$16.1M	$18.9M	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7121	+0.058%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.001%	$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	0.7118	+0.013%	$16K	$1.7M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7124	+0.093%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7122	+0.065%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7118	+0.013%	$16.0M	$42.3M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7118	+0.013%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7123	+0.084%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7118	+0.013%	$15.8M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7121	+0.056%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7121	+0.056%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7118	+0.013%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7121	+0.056%	$236K	$176K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7115	−0.030%	$19K	$262K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7117	−0.005%	$627K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7118	+0.013%	$40K	$236K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7116	−0.020%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDTshort	+0.0100%	4h	0.7122	+0.070%	$1K	$1.4M	20x
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7118	+0.020%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USDlong	+0.0104%	1h	0.7117	long leg	$55K	$259K	10x
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7117	−0.003%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0158%	1h	0.7126	+0.127%	$8.8M	$3.9M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7120	+0.045%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7120	+0.042%	$784K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7175	+0.814%	$200K	$101K	50x	as long as short