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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.013%
Price spread now: SoDEX against gTrade (Gains Network)+0.040%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.040% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) VIRTUAL/USD0.7175L +0.0007% / S −0.0004%pay 0.0001% / 1h8m 52s$12K150x
ShortSoDEX VIRTUAL-USD0.71780.0100get 0.0013% / 1h8m 52s$1K$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against gTrade (Gains Network). 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
$19.6
Price spread: +0.040% → 0.000%
$4
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$5.6
Costs to cover
0.180%
Break-even
5.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: 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 gTrade (Gains Network) no order-book sample
Sell SoDEX no order-book sample
gTrade (Gains Network) and SoDEX: 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
Lighter VIRTUAL−0.0152%1h0.7173−0.027%$326K$414K5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7180+0.061%$2410xas long as short
01 Exchange VIRTUALUSD−0.0128%1h0.7181+0.082%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7176+0.005%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7175−0.002%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDlongL +0.0007% / S −0.0004%1h0.7175long leg$12K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.810%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7172−0.044%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7192+0.242%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7182+0.099%$193K$91K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7180+0.061%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7183+0.115%$16.3M$37.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7178+0.040%$15.5M$15.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7181+0.082%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7180+0.068%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7182+0.096%$17.4M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7182+0.096%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7185+0.138%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7180+0.068%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7184+0.124%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7168−0.099%$525K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7171−0.058%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7175−0.001%$635K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7175−0.002%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7187+0.165%$27K$885K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7181+0.082%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USDshort+0.0100%1h0.7178+0.040%$1K$9K5x
Extended VIRTUAL-USD+0.0104%1h0.7180+0.068%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7175−0.001%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7177+0.027%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7177+0.026%$809K$812K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7206+0.430%$196K$96K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0510%1h0.7192+0.233%$585K$596K50xas long as short