VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.030%

Price spread now: Hyperliquid against SoDEX+0.110%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.110% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX VIRTUAL-USD	0.7255	0.0100	pay 0.0013% / 1h	5m 18s	$1K	$9K	5x
Short	Hyperliquid VIRTUAL	0.7263	0.0164	get 0.0021% / 1h	5m 18s	$9.0M	$3.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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

Position, each leg$Hold fordaysFee SoDEXbpFee HyperliquidbpOrdersPrice spread, now +0.110%Rate

Funding earned: $13.45
Price spread: +0.110% → 0.000%: $11.03
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $7.48
Costs to cover: 0.170%
Break-even: 3.1 days

Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	0.48 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_VIRTUALUSD	−0.0222%	1h	0.7259	+0.057%	$521K	$724K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7250	−0.076%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7258	+0.034%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0032%	1h	0.7254	−0.022%	$331K	$405K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7258	+0.040%	$15K	$30K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7260	+0.065%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.903%	$46	$88K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0044%	4h	0.7251	−0.052%	$543K	$754K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0080%	4h	0.7259	+0.054%	$15K	$1.9M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7257	+0.033%	$93K	$303K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7261	+0.083%	$71K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7258	+0.040%	$16.3M	$41.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7254	−0.015%	$16.6M	$18.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7257	+0.026%	$2.9M	$10.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7260	+0.068%	$1.6M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7254	−0.015%	$15.6M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7259	+0.054%	$3.4M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7258	+0.040%	$6.1M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7257	+0.026%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7260	+0.068%	$248K	$172K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7251	−0.054%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7257	+0.026%	$639K	$1.3M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7256	+0.012%	$41K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7256	+0.012%	$48K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7259	+0.054%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USDlong	+0.0100%	1h	0.7255	long leg	$1K	$9K	5x
Extended VIRTUAL-USD	+0.0104%	1h	0.7250	−0.072%	$54K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7257	+0.027%	$18K	—	3x	as long as short
Hyperliquid VIRTUALshort	+0.0164%	1h	0.7263	+0.110%	$9.0M	$3.7M	5x
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7255	−0.003%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7256	+0.012%	$780K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7261	+0.081%	$202K	$102K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6272%	1h	0.7391	+1.873%	$2K	$80	10x	as long as short