VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.092%

Price spread now: BloFin against GRVT−0.214%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.521%+$52 on $10k

Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.214%, 7d avg +0.044%

Together, before fees+0.734%+ Points / potential airdropGRVT: Active · farm board+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.259% cheaper against GRVT than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of +0.044%). If the spread goes back, that is −$26 on $10k: about 3.6 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT VIRTUAL_USDT_Perp	0.7205	0.0100	pay 0.0050% / 4h	2h 54m	$641K	$877K	10x
Short	BloFin VIRTUAL-USDT	0.7190	0.0340	get 0.0170% / 4h	2h 54m	$833K	$849K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.214%Rate

Funding earned: $50.4
Price spread: −0.214% → +0.044%: −$25.86
Slippage, 4 orders: −$40.39
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$36.85
Costs to cover: 0.614%
Break-even: 12.1 days

Slippage from GRVT: live order book, 13 min ago; BloFin: live order book, 12 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, 13 min ago	2.70 bp	17.4 bp −$17	32.9 bp −$329	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	1.36 bp	8.6 bp −$9	17.3 bp −$173	63.5 bp −$6,352	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
ApeX Omni VIRTUALUSDT	−0.1153%	1h	0.7222	+0.230%	$41K	$244K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0306%	1h	0.7184	−0.297%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7181	−0.333%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0112%	1h	0.7182	−0.325%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7204	−0.025%	$11K	$46K	5x	as long as short
Lighter VIRTUAL	−0.0048%	1h	0.7185	−0.278%	$326K	$413K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0031%	1h	0.7183	−0.311%	$1K	$9K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7186	−0.264%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.227%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7184	−0.297%	$14K	$1.5M	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	0.7187	−0.261%	$8.9M	$4.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7184	−0.297%	$170K	$194K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7191	−0.200%	$71K	$45K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7188	−0.242%	$16.5M	$40.9M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7182	−0.325%	$16.2M	$17.8M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7182	−0.325%	$2.8M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7186	−0.270%	$1.4M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7189	−0.228%	$17.3M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7194	−0.159%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7181	−0.339%	$6.2M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7186	−0.270%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7186	−0.270%	$249K	$174K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7183	−0.306%	$526K	$898K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7225	+0.278%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perplong	+0.0100%	4h	0.7205	long leg	$641K	$877K	10x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7187	−0.250%	$51K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7182	−0.325%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7178	−0.383%	$54K	$272K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7182	−0.326%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7188	−0.247%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDTshort	+0.0340%	4h	0.7190	−0.214%	$833K	$849K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7288	+1.146%	$198K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.1026%	1h	0.7196	−0.129%	$594K	$660K	50x	as long as short