Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin−0.070%7-day average −0.009% · you buy dearer than you sell

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.070%, 7d avg −0.009%

Together, before fees+0.009%+$1 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: SunX is 0.061% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VIRTUALUSDTM	0.7185	0.0100	pay 0.0050% / 4h	3h 58m	$3.0M	$4.3M	50x
Short	SunX VIRTUAL-USDT	0.7180	0.0100	get 0.0050% / 4h	3h 58m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.009%: −$6.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; SunX: live order book, 6 min ago. 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 KuCoin live order book, 9 min ago	3.49 bp	18.6 bp −$19	52.9 bp −$529	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	501.22 bp	doesn't fit	doesn't fit	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	0.7179	−0.086%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0088%	1h	0.7179	−0.084%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7182	−0.039%	$11K	$37K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0028%	1h	0.7181	−0.056%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7181	−0.062%	$14K	—	150x	as long as short
SoDEX VIRTUAL-USD	+0.0015%	1h	0.7179	−0.088%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.946%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0056%	1h	0.7177	−0.116%	$327K	$405K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0093%	4h	0.7181	−0.056%	$14K	$1.4M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7188	+0.042%	$8.8M	$4.1M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7185	−0.006%	$97K	$292K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7186	+0.014%	$71K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7183	−0.024%	$16.3M	$40.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7181	−0.056%	$16.5M	$18.5M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7193	+0.111%	$2.8M	$9.9M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7181	−0.056%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7183	−0.028%	$17.5M	$4.5M	100x	as long as short
KuCoin VIRTUALUSDTMlong	+0.0100%	4h	0.7185	long leg	$3.0M	$4.3M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	0.7186	+0.014%	$6.2M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7184	−0.014%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7181	−0.056%	$239K	$208K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7181	−0.052%	$537K	$913K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7181	−0.051%	$19K	$262K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7166	−0.264%	$640K	$913K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7165	−0.278%	$41K	$239K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7189	+0.057%	$55K	$1.1M	5x	as long as short
SunX VIRTUAL-USDTshort	+0.0100%	4h	0.7180	−0.070%	$1K	$1.3M	20x
Extended VIRTUAL-USD	+0.0104%	1h	0.7183	−0.034%	$54K	$263K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7180	−0.065%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0265%	1h	0.7181	−0.062%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7174	−0.153%	$800K	$899K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7197	+0.167%	$201K	$105K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0487%	1h	0.7187	+0.027%	$593K	$665K	50x	as long as short