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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.072%
Price spread now: ApeX Omni against Reya+0.219%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 ApeX Omni is 0.219% dearer against Reya than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7151−0.0139get 0.0017% / 1h59m 10s$2410x
ShortApeX Omni VIRTUALUSDT0.71670.0100get 0.0013% / 1h59m 10s$40K$237K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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
$50.19
Price spread: +0.219% → 0.000%
$21.94
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$56.13
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 47 min ago. 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 ApeX Omni live order book, 47 min ago6.32 bp14.7 bp −$1592.9 bp −$929doesn't fitdoesn't fit
Reya: 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−0.0309%1h0.7152+0.010%$15K$40K10xas long as short
01 Exchange VIRTUALUSD−0.0224%1h0.7154+0.038%$2K$10610xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7151long leg$2410x
Phoenix VIRTUAL−0.0112%1h0.7172+0.287%$11K$36K5xas long as short
Kraken Futures PF_VIRTUALUSD−0.0005%1h0.7159+0.107%$525K$765K50xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7157+0.076%$14K150xas long as short
Bybit VIRTUALUSDT+0.0011%4h0.7150−0.018%$16.3M$19.0M50xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.480%$46$88K5.5xas long as short
Lighter VIRTUAL+0.0048%1h0.7150−0.011%$325K$400K5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0074%4h0.7156+0.066%$14K$1.5M10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack VIRTUAL_USDC_PERP+0.0075%1h0.7158+0.094%$238K$205K10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7164+0.176%$8.8M$4.1M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7160+0.118%$93K$302K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7156+0.067%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7155+0.057%$16.1M$42.2M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7160+0.122%$2.9M$10.1M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7155+0.052%$1.5M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7154+0.038%$15.4M$5.0M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7158+0.094%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7165+0.191%$6.0M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7162+0.149%$7.9Mas long as short
Variational Omni VIRTUAL+0.0100%4h0.7162+0.152%$533K$914Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7166+0.204%$19K$262K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7167+0.219%$641K$1.0M10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7167+0.219%$40K$237K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7155+0.045%$51K$1.0M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7156+0.066%$2K$1.4M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7155+0.045%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7152+0.012%$54K$303K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7154+0.037%$18K3xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0313% / S −0.0258%1h0.7156+0.072%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7155+0.052%$781K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7192+0.569%$200K$102K50xas long as short