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+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.043%
Price spread now: gTrade (Gains Network) against Reya+0.013%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
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
LongReya VIRTUALRUSDPERP0.7086−0.0139get 0.0017% / 1h21m 12s$2410x
ShortgTrade (Gains Network) VIRTUAL/USD0.7087L +0.0007% / S −0.0005%get 0.0001% / 1h21m 12s$14K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$30.28
Price spread: +0.013% → 0.000%
$1.32
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$15.6
Costs to cover
0.160%
Break-even
3.4 days
Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Reya and gTrade (Gains Network): 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
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7086long leg$2410x
01 Exchange VIRTUALUSD−0.0136%1h0.7088+0.034%$2K$10610xas long as short
Phoenix VIRTUAL−0.0112%1h0.7054−0.440%$11K$36K5xas long as short
Lighter VIRTUAL−0.0040%1h0.7079−0.086%$322K$403K5xas long as short
Bybit VIRTUALUSDT−0.0021%4h0.7083−0.037%$16.2M$19.0M50xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7085−0.009%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDshortL +0.0007% / S −0.0005%1h0.7087+0.013%$14K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117+0.443%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0075%4h0.7085−0.009%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7102+0.227%$8.7M$4.1M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7088+0.038%$92K$302K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7087+0.015%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7084−0.018%$15.9M$41.9M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7092+0.090%$2.8M$9.9M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7087+0.020%$1.5M$3.4M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7090+0.062%$15.4M$4.9M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7088+0.034%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7092+0.090%$6.0M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7090+0.062%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7091+0.076%$238K$206K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7023−0.879%$523K$913Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7042−0.615%$19K$261K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7055−0.426%$629K$1.0M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7042−0.615%$40K$238K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7091+0.072%$52K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7088+0.034%$2K$1.4M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7083−0.044%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7081−0.068%$56K$299K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7083−0.037%$18K3xas long as short
Kraken Futures PF_VIRTUALUSD+0.0282%1h0.7090+0.061%$523K$762K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0312% / S −0.0258%1h0.7087+0.015%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7085−0.009%$778K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7098+0.175%$198K$100K50xas long as short