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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.090%
Price spread now: BloFin against Variational Omni−0.094%71s7-day average +0.027% · 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)+0.289%+$29 on $10k
Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.094%, 7d avg +0.027%
Together, before fees+0.366%+ Points / potential airdropVariational Omni: Active · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.121% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.027%). If the spread goes back, that is −$12 on $10k: about 40 hours of funding at the current rate (+$7 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni VIRTUAL0.73020.0100pay 0.0050% / 4h3h 43m$546K$888K
ShortBloFin VIRTUAL-USDT0.72950.0340get 0.0170% / 4h3h 43m$825K$847K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
$50.4
Price spread: −0.094% → +0.027%
−$12.06
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$26.34
Costs to cover
0.120%
Break-even
3.3 days
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; BloFin: live order book, 28 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 Variational Omni RFQ quote, 30 min ago3.43 bpdoesn't fit19.9 bp −$199doesn't fitdoesn't fit
Sell BloFin live order book, 28 min ago1.38 bp10.0 bp −$1015.9 bp −$15947.7 bp −$4,769doesn't fit

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−0.0436%1h0.7286−0.217%$15K$40K10xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7286−0.222%$2410xas long as short
Phoenix VIRTUAL−0.0109%1h0.7302+0.005%$11K$40K5xas long as short
01 Exchange VIRTUALUSD−0.0088%1h0.7288−0.190%$2K$13110xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0010%1h0.7293−0.119%$9K150xas long as short
Lighter VIRTUAL+0.0032%1h0.7285−0.230%$331K$417K5xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.532%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0088%4h0.7290−0.163%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7295−0.096%$199K$157K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7300−0.032%$72K$45K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7301−0.012%$16.8M$39.8M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7301−0.012%$16.3M$17.0M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7303+0.016%$2.9M$9.7M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7302+0.002%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7301−0.012%$18.4M$4.1M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7302+0.002%$4.3M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7303+0.016%$6.3M$5.6M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7302+0.002%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7290−0.163%$247K$168K10xas long as short
Variational Omni VIRTUALlong+0.0100%4h0.7302long leg$546K$888K
edgeX VIRTUALUSDC+0.0100%4h0.7314+0.173%$19K$259K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7322+0.280%$650K$927K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7311+0.125%$40K$243K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7295−0.098%$45K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7286−0.217%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7286−0.217%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7299−0.036%$58K$249K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7289−0.170%$18K3xas long as short
Hyperliquid VIRTUAL+0.0115%1h0.7301−0.012%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0299% / S −0.0228%1h0.7291−0.155%$31K100xas long as short
BloFin VIRTUAL-USDTshort+0.0340%4h0.7295−0.094%$825K$847K75x
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7366+0.878%$200K$92K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0741%1h0.7305+0.043%$603K$635K50xas long as short