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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: 01 Exchange against Reya−0.035%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. 01 Exchange is 0.035% cheaper against Reya than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7172−0.0139get 0.0017% / 1h11m 07s$2410x
Short01 Exchange VIRTUALUSD0.7169−0.0128pay 0.0016% / 1h11m 07s$2K$13110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$2.35
Price spread: −0.035% → 0.000%
−$3.54
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$14.19
Costs to cover
0.130%
Break-even
49.3 days
Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Reya and 01 Exchange: 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−0.0168%1h0.7172+0.006%$15K$40K10xas long as short
Lighter VIRTUAL−0.0160%1h0.7168−0.055%$326K$414K5xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7172long leg$2410x
01 Exchange VIRTUALUSDshort−0.0128%1h0.7169−0.035%$2K$13110x
Phoenix VIRTUAL−0.0045%1h0.7190+0.262%$11K$40K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7176+0.057%$12K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.761%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7171−0.008%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7181+0.126%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7175+0.051%$192K$88K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7176+0.064%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7170−0.021%$16.3M$37.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7168−0.049%$15.5M$15.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7171−0.008%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7173+0.020%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7171−0.008%$17.2M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7174+0.034%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7176+0.062%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7171−0.008%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7175+0.048%$238K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7182+0.140%$525K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7172+0.010%$19K$256K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7175+0.049%$635K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7175+0.048%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7176+0.059%$27K$885K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7171−0.008%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7171−0.012%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7171−0.007%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7171−0.012%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7174+0.032%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7169−0.035%$808K$811K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7206+0.481%$196K$96K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0510%1h0.7188+0.230%$585K$596K50xas long as short