Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX−0.244%7-day average −0.048% · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.244%, 7d avg −0.048%

Together, before fees+0.195%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.196% cheaper against SunX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX VIRTUAL-USDT	0.7111	0.0100	pay 0.0050% / 4h	24m 30s	$2K	$1.4M	20x
Short	Extended VIRTUAL-USD	0.7094	0.0104	get 0.0013% / 1h	24m 30s	$53K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.244%Rate

Funding earned: $0.84
Price spread: −0.244% → −0.048%: −$19.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.76
Costs to cover: 0.130%
Break-even: 271.7 days

Slippage unknown: SunX: live order book, 10 min ago; Extended: live order book, 12 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 SunX live order book, 10 min ago	500.32 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	2.04 bp	15.6 bp −$16	112.4 bp −$1,124	doesn't fit	doesn't fit

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	−0.0338%	1h	0.7108	−0.038%	$516K	$741K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0172%	1h	0.7107	−0.056%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7109	−0.022%	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0115%	4h	0.7103	−0.117%	$533K	$837K	—	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7098	−0.183%	$2K	$106	10x	as long as short
Lighter VIRTUAL	−0.0080%	1h	0.7099	−0.169%	$320K	$403K	5x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7119	+0.111%	$11K	$36K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7112	+0.015%	$14K	—	150x	as long as short
Bybit VIRTUALUSDT	+0.0028%	4h	0.7094	−0.239%	$16.1M	$18.9M	50x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.084%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7106	−0.070%	$16K	$1.7M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7102	−0.126%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7104	−0.093%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7100	−0.155%	$16.0M	$42.2M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7100	−0.155%	$2.8M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7099	−0.169%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7100	−0.155%	$15.6M	$5.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7105	−0.084%	$3.0M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7098	−0.183%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7099	−0.169%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7108	−0.042%	$235K	$174K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7128	+0.236%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7122	+0.161%	$632K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7121	+0.141%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7095	−0.221%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDTlong	+0.0100%	4h	0.7111	long leg	$2K	$1.4M	20x
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7104	−0.105%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USDshort	+0.0104%	1h	0.7094	−0.244%	$53K	$309K	10x
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7104	−0.096%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0278%	1h	0.7109	−0.025%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7113	+0.022%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7101	−0.141%	$785K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7170	+0.830%	$200K	$100K	50x	as long as short