VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.061%

Price spread now: SoDEX against GMX−0.048%7-day average — · you buy dearer than you sell

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

Long on GMX Short on SoDEX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SoDEX is 0.048% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VIRTUAL/USD [WBTC.b-USDC]	0.7068	L +0.0316% / S −0.0269%	pay 0.0040% / 1h	37m 39s	$33K	—	100x
Short	SoDEX VIRTUAL-USD	0.7065	0.0043	get 0.0005% / 1h	37m 39s	$1K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against GMX. 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 GMXbpFee SoDEXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$57.35
Price spread: −0.048% → 0.000%: −$4.81
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$82.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

GMX 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange VIRTUALUSD	−0.0144%	1h	0.7069	+0.016%	$2K	$106	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7072	+0.058%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7092	+0.335%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0032%	1h	0.7068	0.000%	$321K	$402K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7067	−0.013%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7069	+0.013%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.695%	$46	$88K	5.5x	as long as short
Bybit VIRTUALUSDT	+0.0034%	4h	0.7069	+0.016%	$16.2M	$19.0M	50x	as long as short
SoDEX VIRTUAL-USDshort	+0.0043%	1h	0.7065	−0.048%	$1K	$9K	5x
Orderly PERP_VIRTUAL_USDC	+0.0074%	4h	0.7064	−0.055%	$14K	$1.4M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni VIRTUALUSDT	+0.0096%	1h	0.7054	−0.197%	$40K	$238K	50x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7081	+0.187%	$8.7M	$4.0M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7075	+0.100%	$92K	$299K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7075	+0.100%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7073	+0.067%	$15.9M	$41.6M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7074	+0.086%	$2.8M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7072	+0.058%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7069	+0.016%	$15.4M	$4.9M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7072	+0.058%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7077	+0.129%	$6.0M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7073	+0.072%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7070	+0.030%	$236K	$210K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7080	+0.176%	$530K	$909K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7052	−0.220%	$18K	$261K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7060	−0.112%	$630K	$998K	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7075	+0.099%	$52K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7079	+0.157%	$1K	$1.4M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7074	+0.085%	$56K	$302K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7062	−0.087%	$18K	—	3x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0282%	1h	0.7074	+0.079%	$573K	$684K	50x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]long	L +0.0316% / S −0.0269%	1h	0.7068	long leg	$33K	—	100x
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7052	−0.225%	$784K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0432%	1h	0.7162	+1.331%	$199K	$104K	50x	as long as short