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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.075%
Price spread now: Extended against 01 Exchange+0.030%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.030% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange VIRTUALUSD0.7169−0.0112get 0.0014% / 1h55m 26s$2K$13110x
ShortExtended VIRTUAL-USD0.71710.0104get 0.0013% / 1h55m 26s$54K$265K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against 01 Exchange. 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
$45.36
Price spread: +0.030% → 0.000%
$3.03
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$36.39
Costs to cover
0.120%
Break-even
1.4 days
Slippage unknown: 01 Exchange: no order-book sample; Extended: live order book, 2 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 01 Exchange no order-book sample
Sell Extended live order book, 2 min ago2.66 bp15.9 bp −$16128.1 bp −$1,281doesn't fitdoesn't fit
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
Reya VIRTUALRUSDPERP−0.0139%1h0.7167−0.027%$2410xas long as short
01 Exchange VIRTUALUSDlong−0.0112%1h0.7169long leg$2K$13110x
Lighter VIRTUAL−0.0064%1h0.7167−0.022%$326K$413K5xas long as short
Phoenix VIRTUAL0.0000%1h0.7167−0.028%$11K$37K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7179+0.139%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7172+0.038%$14K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.725%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0089%4h0.7176+0.098%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7172+0.045%$97K$292K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7171+0.033%$71K$43K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.71690.000%$16.3M$40.4M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7171+0.028%$16.6M$18.2M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7166−0.042%$2.8M$9.8M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7171+0.028%$1.5M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7166−0.042%$17.8M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7173+0.056%$3.0M$4.3M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7173+0.056%$6.1M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7171+0.028%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7184+0.209%$238K$205K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7175+0.088%$534K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7135−0.475%$19K$260K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7164−0.065%$639K$867K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7138−0.432%$40K$240K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7174+0.066%$51K$984K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7177+0.112%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7177+0.119%$1K$9K5xas long as short
Extended VIRTUAL-USDshort+0.0104%1h0.7171+0.030%$54K$265K10x
Aevo VIRTUAL-PERP+0.0104%1h0.7207+0.531%$18K3xas long as short
Hyperliquid VIRTUAL+0.0120%1h0.7175+0.082%$8.8M$4.1M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0299% / S −0.0228%1h0.7170+0.018%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7145−0.335%$810K$893K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0416%1h0.7179+0.139%$207K$98K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0799%1h0.7183+0.200%$598K$662K50xas long as short