Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

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 −0.002%

Price spread now: Bybit against MEXC+0.027%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.027%, 7d avg −0.009%

Together, before fees−0.044%−$4 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: Bybit is 0.037% dearer against MEXC than usual: you sell high and buy low, +$4 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	MEXC VIRTUAL_USDT	0.7303	0.0100	pay 0.0050% / 4h	3h 20m	$18.4M	$4.2M	100x
Short	Bybit VIRTUALUSDT	0.7305	0.0100	get 0.0050% / 4h	3h 20m	$16.6M	$17.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.009%: $3.68
Slippage, 4 orders: −$22.66
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.98
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 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 MEXC live order book, 3 min ago	1.37 bp	4.5 bp −$4	9.9 bp −$99	98.8 bp −$9,878	266.9 bp −$133.4K
Sell Bybit live order book, 3 min ago	1.37 bp	10.4 bp −$10	22.1 bp −$221	129.2 bp −$12.9K	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	0.7301	−0.029%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7329	+0.351%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0048%	1h	0.7300	−0.041%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7306	+0.041%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7304	+0.020%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.547%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7307	+0.055%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7301	−0.021%	$331K	$417K	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7304	+0.014%	$199K	$159K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7302	−0.011%	$72K	$45K	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	0.7305	+0.027%	$16.9M	$39.4M	75x	as long as short
Bybit VIRTUALUSDTshort	+0.0100%	4h	0.7305	+0.027%	$16.6M	$17.1M	50x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7305	+0.027%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7302	−0.014%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDTlong	+0.0100%	4h	0.7303	long leg	$18.4M	$4.2M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7301	−0.027%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7307	+0.055%	$6.3M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7304	+0.014%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7290	−0.178%	$247K	$164K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7286	−0.229%	$545K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7301	−0.023%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7328	+0.341%	$651K	$889K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7302	−0.014%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7306	+0.036%	$48K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7295	−0.110%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7304	+0.011%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7302	−0.009%	$55K	$289K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7292	−0.153%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0207%	1h	0.7313	+0.142%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7305	+0.033%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7286	−0.233%	$827K	$839K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7313	+0.137%	$198K	$92K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0740%	1h	0.7317	+0.186%	$606K	$644K	50x	as long as short