VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1033%/8h= −113.1% APRnext payment −$1.29 per $10,000 · paid last 24h −0.105%

Price spread now: Deribit against Kraken Futures−0.199%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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 −$31 a day on $10k at the current rate, and Deribit is 0.199% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 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	Kraken Futures PF_VIRTUALUSD	0.7253	0.0868	pay 0.0109% / 1h	56m 48s	$591K	$595K	50x
Short	Deribit VIRTUAL_USDC-PERPETUAL	0.7239	−0.0164	pay 0.0021% / 1h	56m 48s	$15K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$216.87
Price spread: −0.199% → 0.000%: −$19.91
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$253.78
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 21 min ago; Deribit: 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 Kraken Futures live order book, 21 min ago	11.81 bp	21.5 bp −$22	56.2 bp −$562	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Deribit VIRTUAL_USDC-PERPETUALshort	−0.0164%	1h	0.7239	−0.199%	$15K	$40K	10x
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7240	−0.186%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0064%	1h	0.7241	−0.172%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0045%	1h	0.7230	−0.326%	$11K	$39K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7242	−0.161%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.881%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0040%	1h	0.7247	−0.093%	$330K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7240	−0.185%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7250	−0.049%	$191K	$91K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7250	−0.041%	$73K	$44K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7248	−0.072%	$16.5M	$37.9M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7249	−0.061%	$15.8M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7252	−0.020%	$2.8M	$9.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7246	−0.103%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7244	−0.130%	$17.7M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7249	−0.061%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7253	−0.006%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7246	−0.103%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7244	−0.130%	$241K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7215	−0.536%	$528K	$876K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7229	−0.342%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7227	−0.364%	$640K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7229	−0.337%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7245	−0.111%	$33K	$906K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7240	−0.185%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7238	−0.209%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7245	−0.111%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7237	−0.230%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7242	−0.156%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7244	−0.130%	$809K	$822K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7244	−0.130%	$197K	$96K	50x	as long as short
Hyperliquid VIRTUAL	+0.0498%	1h	0.7260	+0.096%	$8.9M	$3.9M	5x	as long as short
Kraken Futures PF_VIRTUALUSDlong	+0.0868%	1h	0.7253	long leg	$591K	$595K	50x