Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against GRVT−0.163%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.163%, 7d avg +0.070%

Together, before fees+0.273%+ Points / potential airdropGRVT: Active · farm board+$27 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 0.233% cheaper against GRVT than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT VIRTUAL_USDT_Perp	0.7115	0.0100	pay 0.0050% / 4h	2h 40m	$628K	$987K	10x
Short	ApeX Omni VIRTUALUSDT	0.7103	0.0100	get 0.0013% / 1h	40m 10s	$40K	$237K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → +0.070%: −$23.26
Slippage, 4 orders: −$44.09
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$86.35
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from GRVT: live order book, 8 min ago; ApeX Omni: live order book, 6 min ago.

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 GRVT live order book, 8 min ago	2.10 bp	19.0 bp −$19	83.5 bp −$835	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	6.32 bp	14.7 bp −$15	92.9 bp −$929	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0175%	1h	0.7060	−0.767%	$15K	$40K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0144%	1h	0.7053	−0.866%	$2K	$106	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7057	−0.814%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7126	+0.156%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0072%	1h	0.7053	−0.862%	$321K	$402K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7063	−0.725%	$14K	—	150x	as long as short
SoDEX VIRTUAL-USD	+0.0011%	1h	0.7058	−0.800%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.034%	$46	$88K	5.5x	as long as short
Bybit VIRTUALUSDT	+0.0053%	4h	0.7054	−0.852%	$16.2M	$19.0M	50x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0076%	4h	0.7063	−0.725%	$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
Hyperliquid VIRTUAL	+0.0100%	1h	0.7068	−0.661%	$8.7M	$4.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7063	−0.731%	$92K	$299K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7061	−0.752%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7058	−0.802%	$15.9M	$41.6M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7063	−0.725%	$2.8M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7056	−0.824%	$1.4M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7059	−0.782%	$15.4M	$4.9M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7061	−0.753%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7060	−0.767%	$6.0M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7059	−0.782%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7071	−0.613%	$236K	$210K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7080	−0.482%	$530K	$909K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7101	−0.194%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perplong	+0.0100%	4h	0.7115	long leg	$628K	$987K	10x
ApeX Omni VIRTUALUSDTshort	+0.0100%	1h	0.7103	−0.163%	$40K	$237K	50x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7061	−0.749%	$52K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7070	−0.627%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7057	−0.806%	$56K	$302K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7057	−0.807%	$18K	—	3x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0283%	1h	0.7066	−0.687%	$577K	$676K	50x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0316% / S −0.0269%	1h	0.7062	−0.745%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7082	−0.458%	$787K	$988K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0432%	1h	0.7162	+0.666%	$199K	$104K	50x	as long as short