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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0248%/8h= −27.2% APRnext payment $0.31 per $10,000 · paid last 24h −0.071%
Price spread now: 01 Exchange against Extended+0.349%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.349% dearer against Extended than usual: you sell high and buy low (spread +0.349% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended VIRTUAL-USD0.70620.0104pay 0.0013% / 1h40m 52s$56K$302K10x
Short01 Exchange VIRTUALUSD0.7087−0.0144pay 0.0018% / 1h40m 52s$2K$10610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$52.08
Price spread: +0.349% → 0.000%
$34.91
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$29.17
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Extended: live order book, 7 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 7 min ago2.60 bp15.1 bp −$15190.1 bp −$1,901doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit VIRTUAL_USDC-PERPETUAL−0.0455%1h0.7088+0.363%$15K$40K10xas long as short
01 Exchange VIRTUALUSDshort−0.0144%1h0.7087+0.349%$2K$10610x
Reya VIRTUALRUSDPERP−0.0139%1h0.7089+0.383%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7126+0.897%$11K$36K5xas long as short
Lighter VIRTUAL−0.0040%1h0.7082+0.283%$322K$402K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7091+0.408%$14K150xas long as short
SoDEX VIRTUAL-USD+0.0030%1h0.7087+0.342%$1K$9K5xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117+0.774%$46$88K5.5xas long as short
Bybit VIRTUALUSDT+0.0065%4h0.7058−0.061%$16.2M$18.9M50xas long as short
Orderly PERP_VIRTUAL_USDC+0.0076%4h0.7086+0.335%$14K$1.4M10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid VIRTUAL+0.0100%1h0.7080+0.244%$8.7M$4.1M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7071+0.121%$92K$299K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7094+0.448%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7065+0.038%$15.9M$41.5M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7065+0.038%$2.8M$9.7M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7070+0.108%$1.4M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7065+0.038%$15.4M$4.9M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7066+0.052%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7064+0.023%$6.0M$6.0M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7065+0.038%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7071+0.123%$236K$210K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7080+0.255%$530K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7101+0.544%$19K$260K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7115+0.740%$628K$987K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7103+0.576%$40K$237K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7093+0.434%$52K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7092+0.420%$2K$1.3M20xas long as short
Extended VIRTUAL-USDlong+0.0104%1h0.7062long leg$56K$302K10x
Aevo VIRTUAL-PERP+0.0104%1h0.7085+0.327%$18K3xas long as short
Kraken Futures PF_VIRTUALUSD+0.0281%1h0.7096+0.477%$579K$676K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0317% / S −0.0269%1h0.7091+0.404%$33K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7082+0.278%$787K$988K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7162+1.411%$199K$104K50xas long as short