VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.011%

Price spread now: Bitget against Orderly+0.014%7-day average +0.050% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$21 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now +0.014%, 7d avg +0.050%

Together, before fees+0.305%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.036% cheaper against Orderly than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.050%). If the spread goes back, that is −$4 on $10k: about 6.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.205% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_VIRTUAL_USDC	0.7194	0.0082	pay 0.0041% / 4h	2h 19m	$14K	$1.5M	10x
Short	Bitget VIRTUALUSDT	0.7195	0.0100	get 0.0050% / 4h	2h 19m	$6.2M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now +0.014%Rate

Funding earned: $3.7
Price spread: +0.014% → +0.050%: −$3.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.87
Costs to cover: 0.180%
Break-even: 40.8 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	1.39 bp	13.5 bp −$14	31.6 bp −$316	doesn't fit	doesn't fit

Orderly: 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-PERPETUAL	−0.0167%	1h	0.7191	−0.042%	$15K	$40K	10x	as long as short
Injective VIRTUAL/USDC PERP	−0.0160%	1h	0.7117	−1.070%	$46	$88K	5.5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7189	−0.068%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7187	−0.101%	$11K	$45K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7192	−0.028%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7195	+0.017%	$13K	—	150x	as long as short
Variational Omni VIRTUAL	+0.0068%	4h	0.7193	−0.012%	$528K	$878K	—	as long as short
Orderly PERP_VIRTUAL_USDClong	+0.0082%	4h	0.7194	long leg	$14K	$1.5M	10x
Lighter VIRTUAL	+0.0096%	1h	0.7189	−0.070%	$327K	$391K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7202	+0.114%	$8.8M	$3.7M	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	0.7195	+0.015%	$195K	$82K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7194	+0.001%	$72K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7192	−0.028%	$16.4M	$37.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7191	−0.042%	$15.6M	$15.5M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7187	−0.097%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7195	+0.014%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7186	−0.111%	$17.2M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7195	+0.014%	$3.1M	$3.9M	50x	as long as short
Bitget VIRTUALUSDTshort	+0.0100%	4h	0.7195	+0.014%	$6.2M	$5.3M	25x
BingX VIRTUAL-USDT	+0.0100%	4h	0.7190	−0.056%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7196	+0.028%	$236K	$159K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7195	+0.013%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7182	−0.167%	$636K	$974K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7195	+0.014%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7196	+0.025%	$30K	$810K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7193	−0.014%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7191	−0.035%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7190	−0.058%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7193	−0.010%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	0.7196	+0.028%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7193	−0.014%	$817K	$804K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7203	+0.125%	$196K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0523%	1h	0.7203	+0.127%	$538K	$543K	50x	as long as short