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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.041%
Price spread now: gTrade (Gains Network) against 01 Exchange+0.120%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.120% dearer against 01 Exchange than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange VIRTUALUSD0.7090−0.0144get 0.0018% / 1h41m 56s$2K$10610x
ShortgTrade (Gains Network) VIRTUAL/USD0.7098L +0.0007% / S −0.0005%get 0.0001% / 1h41m 56s$14K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$31.33
Price spread: +0.120% → 0.000%
$11.99
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$26.32
Costs to cover
0.170%
Break-even
1.1 days
Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and 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
Deribit VIRTUAL_USDC-PERPETUAL−0.0454%1h0.7095+0.071%$15K$40K10xas long as short
01 Exchange VIRTUALUSDlong−0.0144%1h0.7090long leg$2K$10610x
Reya VIRTUALRUSDPERP−0.0139%1h0.7092+0.022%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7126+0.504%$11K$36K5xas long as short
Lighter VIRTUAL−0.0040%1h0.7089−0.011%$322K$402K5xas long as short
gTrade (Gains Network) VIRTUAL/USDshortL +0.0007% / S −0.0005%1h0.7098+0.120%$14K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117+0.381%$46$88K5.5xas long as short
SoDEX VIRTUAL-USD+0.0052%1h0.7096+0.078%$1K$9K5xas long as short
Bybit VIRTUALUSDT+0.0069%4h0.70900.000%$16.3M$18.8M50xas long as short
Orderly PERP_VIRTUAL_USDC+0.0076%4h0.7095+0.071%$14K$1.4M10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid VIRTUAL+0.0100%1h0.7106+0.220%$8.7M$4.1M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7101+0.157%$93K$299K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7103+0.183%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7093+0.038%$16.0M$41.5M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7092+0.028%$2.8M$9.8M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7096+0.085%$1.4M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7094+0.056%$15.6M$4.8M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7098+0.113%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7091+0.014%$6.0M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7095+0.071%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7097+0.099%$237K$210K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7108+0.257%$532K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7122+0.452%$19K$262K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7115+0.347%$628K$987K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7118+0.395%$40K$238K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7097+0.093%$52K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7097+0.099%$2K$1.3M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7089−0.018%$56K$302K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7094+0.051%$18K3xas long as short
Kraken Futures PF_VIRTUALUSD+0.0281%1h0.7104+0.196%$580K$676K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0317% / S −0.0269%1h0.7097+0.092%$33K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7101+0.155%$788K$979K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7162+1.016%$199K$104K50xas long as short