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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0609%/8h= +66.7% APRnext payment +$0.76 per $10,000 · paid last 24h +0.097%
Price spread now: Kraken Futures against 01 Exchange+0.004%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange VIRTUALUSD0.7115−0.0080get 0.0010% / 1h49m 48s$2K$13110x
ShortKraken Futures PF_VIRTUALUSD0.71150.0529get 0.0066% / 1h49m 48s$519K$518K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$127.9
Price spread: +0.004% → 0.000%
$0.44
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$111.34
Costs to cover
0.170%
Break-even
0.9 days
Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 38 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 Kraken Futures live order book, 38 min ago4.91 bp12.6 bp −$1344.8 bp −$448doesn'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
Deribit VIRTUAL_USDC-PERPETUAL−0.0172%1h0.7112−0.042%$15K$40K10xas long as short
Injective VIRTUAL/USDC PERP−0.0160%1h0.7117+0.028%$46$88K5.5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7111−0.053%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7114−0.015%$11K$45K5xas long as short
01 Exchange VIRTUALUSDlong−0.0080%1h0.7115long leg$2K$13110x
Variational Omni VIRTUAL−0.0021%4h0.7104−0.161%$518K$872Kas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7111−0.058%$12K150xas long as short
Orderly PERP_VIRTUAL_USDC+0.0081%4h0.7109−0.084%$14K$1.5M10xas long as short
Lighter VIRTUAL+0.0096%1h0.7100−0.212%$323K$391K5xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7120+0.067%$8.7M$3.6M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7111−0.050%$193K$76K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7114−0.011%$73K$41K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7112−0.042%$16.3M$36.6M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7107−0.112%$15.3M$15.4M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7108−0.098%$2.8M$9.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7112−0.042%$1.5M$2.8M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7106−0.126%$17.0M$4.0M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7112−0.042%$3.1M$3.9M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7112−0.042%$6.0M$5.2M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7109−0.084%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7111−0.056%$237K$157K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7112−0.036%$19K$256K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7122+0.103%$631K$994K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7114−0.014%$40K$244K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7120+0.077%$33K$783K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7118+0.042%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7104−0.156%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7109−0.089%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7112−0.041%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0297% / S −0.0228%1h0.7111−0.053%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7108−0.098%$813K$799K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7152+0.520%$195K$104K50xas long as short
Kraken Futures PF_VIRTUALUSDshort+0.0529%1h0.7115+0.004%$519K$518K50x