Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Gate against ApeX Omni+0.027%96s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.669% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.027%, 7d avg −0.006%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.033% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni VIRTUALUSDT	0.7321	0.0100	pay 0.0013% / 1h	57m 56s	$40K	$245K	50x
Short	Gate VIRTUAL_USDT	0.7323	0.0100	get 0.0050% / 4h	3h 57m	$1.5M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.006%: $3.31
Slippage, 4 orders: −$41.92
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.61
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 13 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 13 min ago	6.88 bp	14.0 bp −$14	102.5 bp −$1,025	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.79 bp	17.4 bp −$17	97.5 bp −$975	doesn't fit	doesn't fit

VIRTUAL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VIRTUAL_USDC-PERPETUAL	−0.0433%	1h	0.7318	−0.041%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7318	−0.041%	$25	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7317	−0.055%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7319	−0.020%	$12K	$39K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7325	+0.048%	$9K	—	150x	as long as short
Lighter VIRTUAL	+0.0016%	1h	0.7323	+0.031%	$333K	$414K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.787%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7323	+0.027%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7324	+0.042%	$200K	$104K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7319	−0.021%	$72K	$45K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7322	+0.012%	$16.8M	$39.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7320	−0.014%	$16.3M	$16.9M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7320	−0.014%	$2.9M	$9.6M	20x	as long as short
Gate VIRTUAL_USDTshort	+0.0100%	4h	0.7323	+0.027%	$1.5M	$2.9M	75x
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7319	−0.027%	$18.4M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7322	+0.014%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7325	+0.055%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7322	+0.014%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7330	+0.123%	$248K	$168K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7307	−0.191%	$543K	$890K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7313	−0.104%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7319	−0.027%	$650K	$915K	10x	as long as short
ApeX Omni VIRTUALUSDTlong	+0.0100%	1h	0.7321	long leg	$40K	$245K	50x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7323	+0.026%	$46K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7323	+0.027%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7322	+0.020%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7315	−0.077%	$54K	$243K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7318	−0.044%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0186%	1h	0.7336	+0.205%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7325	+0.048%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7316	−0.068%	$815K	$853K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7327	+0.082%	$199K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0738%	1h	0.7337	+0.215%	$604K	$588K	50x	as long as short