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 0.000%

Price spread now: Gate against MEXC+0.056%7-day average +0.043% · 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−$35as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.056%, 7d avg +0.043%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VIRTUAL_USDT	0.7168	0.0100	pay 0.0050% / 4h	55m 03s	$17.8M	$4.2M	100x
Short	Gate VIRTUAL_USDT	0.7172	0.0100	get 0.0050% / 4h	55m 03s	$1.5M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.043%: $1.25
Slippage, 4 orders: −$20.87
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.62
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: 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	1.40 bp	3.1 bp −$3	9.1 bp −$91	111.6 bp −$11.2K	272.5 bp −$136.3K
Sell Gate live order book, 3 min ago	2.81 bp	11.5 bp −$12	65.4 bp −$654	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	0.7167	−0.013%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0112%	1h	0.7169	+0.014%	$2K	$131	10x	as long as short
Lighter VIRTUAL	−0.0064%	1h	0.7165	−0.038%	$326K	$413K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0029%	1h	0.7169	+0.014%	$15K	$40K	10x	as long as short
Phoenix VIRTUAL	0.0000%	1h	0.7167	−0.014%	$11K	$37K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7172	+0.052%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.711%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7171	+0.042%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7173	+0.077%	$97K	$292K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7171	+0.047%	$71K	$43K	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	0.7170	+0.028%	$16.3M	$40.4M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7170	+0.028%	$16.6M	$18.2M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7172	+0.056%	$2.8M	$9.8M	20x	as long as short
Gate VIRTUAL_USDTshort	+0.0100%	4h	0.7172	+0.056%	$1.5M	$3.3M	75x
MEXC VIRTUAL_USDTlong	+0.0100%	4h	0.7168	long leg	$17.8M	$4.2M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7172	+0.056%	$3.0M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7174	+0.084%	$6.1M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7173	+0.070%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7173	+0.070%	$238K	$205K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7175	+0.102%	$534K	$909K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7135	−0.461%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7164	−0.051%	$639K	$867K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7138	−0.419%	$40K	$240K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7174	+0.080%	$51K	$984K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7164	−0.056%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7167	−0.010%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7166	−0.025%	$54K	$265K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7171	+0.047%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0113%	1h	0.7179	+0.158%	$8.8M	$4.1M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7170	+0.032%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7164	−0.056%	$812K	$895K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0416%	1h	0.7179	+0.153%	$207K	$98K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0799%	1h	0.7176	+0.110%	$597K	$663K	50x	as long as short