Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against GRVT−0.148%60s7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.613% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.148%, 7d avg +0.074%

Together, before fees+0.062%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$6 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: Aster is 0.221% cheaper against GRVT than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.074%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT VIRTUAL_USDT_Perp	0.7164	0.0100	pay 0.0050% / 4h	6m 31s	$634K	$900K	10x
Short	Aster VIRTUALUSDT	0.7153	0.0100	get 0.0050% / 4h	6m 31s	$96K	$293K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → +0.074%: −$22.13
Slippage, 4 orders: −$44.34
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$83.48
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from GRVT: live order book, 51 min ago; Aster: live order book, 50 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, 51 min ago	4.21 bp	17.0 bp −$17	59.2 bp −$592	doesn't fit	doesn't fit
Sell Aster live order book, 50 min ago	11.15 bp	18.7 bp −$19	144.2 bp −$1,442	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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7145	−0.267%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7144	−0.279%	$2K	$131	10x	as long as short
Lighter VIRTUAL	−0.0048%	1h	0.7147	−0.239%	$325K	$415K	5x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7173	+0.125%	$11K	$37K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7157	−0.098%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7148	−0.219%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.656%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7156	−0.112%	$14K	$1.4M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7153	−0.152%	$8.7M	$4.1M	5x	as long as short
Aster VIRTUALUSDTshort	+0.0100%	4h	0.7153	−0.148%	$96K	$293K	20x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7154	−0.140%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7146	−0.251%	$16.2M	$40.6M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7143	−0.293%	$16.4M	$18.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7146	−0.251%	$2.8M	$9.9M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7152	−0.168%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7146	−0.251%	$17.4M	$4.5M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7153	−0.154%	$2.9M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7150	−0.196%	$6.1M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7151	−0.182%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7157	−0.098%	$239K	$208K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7165	+0.009%	$536K	$913K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7165	+0.011%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perplong	+0.0100%	4h	0.7164	long leg	$634K	$900K	10x
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7166	+0.028%	$41K	$239K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7150	−0.193%	$54K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7156	−0.112%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7157	−0.105%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7144	−0.272%	$54K	$265K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7155	−0.131%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0316% / S −0.0265%	1h	0.7156	−0.117%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7156	−0.112%	$796K	$897K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0416%	1h	0.7184	+0.279%	$201K	$105K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0801%	1h	0.7164	+0.002%	$591K	$663K	50x	as long as short