Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.033%
Price spread now: GMX against Pacifica+0.008%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica VIRTUAL0.71910.0100pay 0.0013% / 1h17m 44s$72K$44K5x
ShortGMX VIRTUAL/USD [WBTC.b-USDC]0.7191L +0.0298% / S −0.0228%get 0.0029% / 1h17m 44s$30K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$26.92
Price spread: +0.008% → 0.000%
$0.79
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$7.71
Costs to cover
0.200%
Break-even
5.0 days
Slippage unknown: Pacifica: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell GMX no order-book sample
Pacifica and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−0.0160%1h0.7117−1.025%$46$88K5.5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7187−0.054%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7196+0.074%$11K$45K5xas long as short
01 Exchange VIRTUALUSD−0.0096%1h0.7188−0.037%$2K$13110xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0028%1h0.7191+0.004%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7191+0.006%$13K150xas long as short
Variational Omni VIRTUAL+0.0068%4h0.7193+0.034%$528K$878Kas long as short
Orderly PERP_VIRTUAL_USDC+0.0083%4h0.7189−0.024%$14K$1.5M10xas long as short
Lighter VIRTUAL+0.0096%1h0.7192+0.021%$327K$391K5xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7203+0.173%$8.8M$3.7M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7195+0.056%$195K$82K20xas long as short
Pacifica VIRTUALlong+0.0100%1h0.7191long leg$72K$44K5x
Binance VIRTUALUSDT+0.0100%4h0.7195+0.060%$16.4M$37.1M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7189−0.024%$15.6M$15.5M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7194+0.046%$2.8M$9.1M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7193+0.032%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7193+0.032%$17.3M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7195+0.060%$3.1M$3.9M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7194+0.046%$6.2M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7192+0.018%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7191+0.004%$236K$159K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7195+0.059%$19K$256K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7182−0.121%$636K$974K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7195+0.060%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7192+0.015%$30K$810K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7190−0.010%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7188−0.030%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7194+0.041%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7189−0.028%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]shortL +0.0298% / S −0.0228%1h0.7191+0.008%$30K100x
BloFin VIRTUAL-USDT+0.0340%4h0.7194+0.046%$816K$804K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7203+0.171%$196K$95K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0523%1h0.7201+0.138%$538K$543K50xas long as short