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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.010%
Price spread now: gTrade (Gains Network) against Variational Omni+0.114%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 airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.114% dearer against Variational Omni than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni VIRTUAL0.72660.0100pay 0.0050% / 4h10m 59s$543K$888K
ShortgTrade (Gains Network) VIRTUAL/USD0.7274L +0.0007% / S −0.0010%get 0.0001% / 1h10m 59s$8K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$18.91
Price spread: +0.114% → 0.000%
$11.44
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$17.47
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago3.43 bpdoesn't fit19.9 bp −$199doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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
01 Exchange VIRTUALUSD−0.0168%1h0.7264−0.027%$2K$13110xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0162%1h0.7273+0.097%$15K$40K10xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.72660.000%$2410xas long as short
Lighter VIRTUAL−0.0128%1h0.7265−0.009%$330K$416K5xas long as short
Phoenix VIRTUAL−0.0066%1h0.7293+0.375%$11K$40K5xas long as short
SoDEX VIRTUAL-USD−0.0017%1h0.7269+0.042%$1K$9K5xas long as short
gTrade (Gains Network) VIRTUAL/USDshortL +0.0007% / S −0.0010%1h0.7274+0.114%$8K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.050%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0090%4h0.7270+0.056%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7275+0.125%$200K$102K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7284+0.247%$72K$45K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7278+0.166%$16.6M$38.9M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7279+0.180%$16.2M$16.7M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7280+0.193%$2.9M$9.5M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7272+0.083%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7279+0.180%$18.3M$4.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7274+0.111%$4.3M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7284+0.248%$6.3M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7270+0.056%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7274+0.111%$247K$168K10xas long as short
Variational Omni VIRTUALlong+0.0100%4h0.7266long leg$543K$888K
edgeX VIRTUALUSDC+0.0100%4h0.7274+0.108%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7271+0.068%$646K$915K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7273+0.097%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7272+0.081%$37K$993K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7272+0.083%$1K$1.3M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7279+0.174%$54K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7269+0.045%$18K$5053xas long as short
Hyperliquid VIRTUAL+0.0113%1h0.7284+0.253%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0299% / S −0.0228%1h0.7273+0.101%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7271+0.070%$816K$847K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7311+0.620%$199K$94K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0865%1h0.7285+0.261%$595K$581K50xas long as short