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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0368%/8h= +40.3% APRnext payment +$0.46 per $10,000 · paid last 24h +0.096%
Price spread now: Coinbase International against Aevo+0.549%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 5 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 +$11 a day on $10k at the current rate, and Coinbase International is 0.549% dearer against Aevo than usual: you sell high and buy low: +$55 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo VIRTUAL-PERP0.71780.0104pay 0.0013% / 1h20m 20s$18K3x
ShortCoinbase International VIRTUAL-PERP-INTX0.72170.0472get 0.0059% / 1h20m 20s$203K$101K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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
$77.28
Price spread: +0.549% → 0.000%
$54.89
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$106.17
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 30 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 Aevo no order-book sample
Sell Coinbase International live order book, 30 min ago6.96 bp132.7 bp −$133830.1 bp −$8,301doesn't fitdoesn't fit
Aevo: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps VIRTUAL-USD−0.0709%1h0.7183+0.068%$47K$996K5xas long as short
Kraken Futures PF_VIRTUALUSD−0.0239%1h0.7187+0.125%$537K$741K50xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7174−0.050%$2410xas long as short
Phoenix VIRTUAL−0.0132%1h0.7185+0.109%$11K$35K5xas long as short
Lighter VIRTUAL−0.0064%1h0.7173−0.061%$327K$384K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0028%1h0.7182+0.061%$25K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0006%1h0.7182+0.064%$22K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.844%$46$88K5.5xas long as short
Variational Omni VIRTUAL+0.0069%4h0.7176−0.022%$681K$889Kas long as short
Orderly PERP_VIRTUAL_USDC+0.0084%4h0.7175−0.036%$15K$1.9M10xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7183+0.068%$92K$297K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7182+0.061%$71K$42K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7175−0.036%$16.1M$41.4M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7175−0.036%$16.5M$18.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7177−0.008%$2.8M$10.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7182+0.061%$1.6M$3.2M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7175−0.036%$15.1M$5.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7181+0.047%$3.3M$4.6M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7181+0.047%$6.1M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7177−0.008%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7182+0.061%$248K$175K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7183+0.071%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7182+0.061%$638K$1.3M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7190+0.173%$40K$234K50xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7186+0.117%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7179+0.020%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7175−0.039%$54K$309K10xas long as short
Aevo VIRTUAL-PERPlong+0.0104%1h0.7178long leg$18K3x
Hyperliquid VIRTUAL+0.0162%1h0.7191+0.184%$8.9M$3.7M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0312% / S −0.0258%1h0.7178+0.002%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7185+0.103%$781K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTXshort+0.0472%1h0.7217+0.549%$203K$101K50x
01 Exchange VIRTUALUSD+0.6288%1h0.7318+1.956%$2K$5310xas long as short