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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.024%
Price spread now: ApeX Omni against Injective+2.880%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 7 days−1.107%−$111 on $10k
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 +$2 a day on $10k at the current rate, and ApeX Omni is 2.880% dearer against Injective than usual: you sell high and buy low: +$288 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.107%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective VIRTUAL/USDC PERP0.71170.0033pay 0.0004% / 1h32m 51s$46$88K5.5x
ShortApeX Omni VIRTUALUSDT0.73220.0100get 0.0013% / 1h32m 51s$40K$245K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: +2.880% → 0.000%
$288.04
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$292.02
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 44 min ago. 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 Injective no order-book sample
Sell ApeX Omni live order book, 44 min ago6.95 bp15.0 bp −$1597.0 bp −$970doesn't fitdoesn't fit
Injective: 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
Reya VIRTUALRUSDPERP−0.0139%1h0.7328+2.967%$2510xas long as short
01 Exchange VIRTUALUSD−0.0128%1h0.7328+2.965%$2K$13110xas long as short
Phoenix VIRTUAL−0.0066%1h0.7309+2.705%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7336+3.077%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0010%1h0.7333+3.039%$9K150xas long as short
Lighter VIRTUAL+0.0024%1h0.7327+2.944%$333K$415K5xas long as short
Injective VIRTUAL/USDC PERPlong+0.0033%1h0.7117long leg$46$88K5.5x
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7331+3.007%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7328+2.971%$201K$101K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7329+2.977%$73K$44K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7323+2.893%$16.6M$38.4M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7322+2.880%$16.2M$16.5M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7321+2.866%$2.9M$9.5M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7325+2.923%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7323+2.894%$18.2M$4.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7327+2.951%$4.4M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7331+3.007%$6.3M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7324+2.909%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7336+3.077%$248K$169K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7305+2.637%$535K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7295+2.494%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7305+2.642%$649K$915K10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7322+2.880%$40K$245K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7334+3.043%$37K$955K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7329+2.979%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7331+3.007%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7320+2.852%$54K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7330+2.992%$18K$5053xas long as short
Hyperliquid VIRTUAL+0.0131%1h0.7342+3.163%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0300% / S −0.0228%1h0.7333+3.032%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7328+2.965%$815K$851K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7339+3.119%$199K$97K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0858%1h0.7346+3.213%$600K$582K50xas long as short