VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0404%/8h= −44.2% APRnext payment −$0.50 per $10,000 · paid last 24h −0.071%

Price spread now: Deribit against Pacifica−0.195%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.195% cheaper against Pacifica than usual: you would sell low and buy high (−$19 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	Pacifica VIRTUAL	0.7232	0.0100	pay 0.0013% / 1h	57m 07s	$71K	$45K	5x
Short	Deribit VIRTUAL_USDC-PERPETUAL	0.7218	−0.0304	pay 0.0038% / 1h	57m 07s	$15K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$84.8
Price spread: −0.195% → 0.000%: −$19.48
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$119.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; 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 Pacifica no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Pacifica and 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	−0.0304%	1h	0.7218	−0.195%	$15K	$40K	10x
Lighter VIRTUAL	−0.0288%	1h	0.7211	−0.292%	$328K	$413K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7220	−0.166%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7305	+1.001%	$11K	$37K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7235	+0.040%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7221	−0.155%	$4K	—	150x	as long as short
SoDEX VIRTUAL-USD	+0.0015%	1h	0.7211	−0.285%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.591%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7217	−0.209%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7214	−0.252%	$8.9M	$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	0.7231	−0.021%	$171K	$194K	20x	as long as short
Pacifica VIRTUALlong	+0.0100%	1h	0.7232	long leg	$71K	$45K	5x
Binance VIRTUALUSDT	+0.0100%	4h	0.7212	−0.272%	$16.7M	$40.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7204	−0.388%	$16.3M	$17.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7205	−0.375%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7206	−0.361%	$1.4M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7204	−0.388%	$17.5M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7218	−0.195%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7206	−0.361%	$6.2M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7199	−0.458%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7208	−0.333%	$250K	$174K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7261	+0.403%	$544K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7260	+0.386%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7261	+0.400%	$646K	$877K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7266	+0.469%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7236	+0.049%	$48K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7212	−0.278%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7211	−0.288%	$54K	$272K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7212	−0.284%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7220	−0.170%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7209	−0.319%	$831K	$851K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7288	+0.773%	$198K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.1022%	1h	0.7225	−0.093%	$596K	$657K	50x	as long as short