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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.073%
Price spread now: Aevo against Reya+0.024%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 airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aevo is 0.024% dearer against Reya than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7307−0.0139get 0.0017% / 1h30m 51s$2410x
ShortAevo VIRTUAL-PERP0.73090.0104get 0.0013% / 1h30m 51s$18K$5053x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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
$51.06
Price spread: +0.024% → 0.000%
$2.37
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
$31.43
Costs to cover
0.220%
Break-even
2.7 days
Slippage unknown: Reya: no order-book sample; Aevo: 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 Reya no order-book sample
Sell Aevo no order-book sample
Reya and Aevo: 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
Deribit VIRTUAL_USDC-PERPETUAL−0.0297%1h0.7310+0.043%$15K$40K10xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7307long leg$2410x
01 Exchange VIRTUALUSD−0.0136%1h0.7298−0.122%$2K$13110xas long as short
Phoenix VIRTUAL−0.0066%1h0.7326+0.260%$12K$40K5xas long as short
Lighter VIRTUAL0.0000%1h0.7288−0.254%$332K$415K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0010%1h0.7312+0.068%$9K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.599%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7310+0.043%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7304−0.046%$200K$101K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7313+0.084%$73K$44K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7292−0.204%$16.6M$38.4M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7297−0.135%$16.2M$16.6M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7295−0.163%$2.9M$9.5M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7306−0.012%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7297−0.135%$18.1M$4.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7308+0.015%$4.4M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7302−0.067%$6.3M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7302−0.067%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7307+0.002%$247K$169K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7306−0.017%$537K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7325+0.250%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7322+0.213%$650K$915K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7332+0.344%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7314+0.103%$37K$955K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7304−0.039%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7307−0.005%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7297−0.138%$54K$246K10xas long as short
Aevo VIRTUAL-PERPshort+0.0104%1h0.7309+0.024%$18K$5053x
Hyperliquid VIRTUAL+0.0112%1h0.7306−0.008%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0300% / S −0.0228%1h0.7312+0.065%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7304−0.039%$818K$848K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7339+0.440%$199K$97K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0860%1h0.7323+0.219%$598K$582K50xas long as short