VIRTUAL

Alert

Funding spread now, next payment 15:00 UTC−0.0239%/8h

next payment, per $10,000−$0.30paid, last 24h−0.072%paid, last 3 days−0.129%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VIRTUAL_USDC_PERP	0.7057	0.0100	pay 0.0013% / 1h	54m 41s	$230K	$163K	10x
Short	Reya VIRTUALRUSDPERP	0.7062	−0.0139	pay 0.0017% / 1h	54m 41s	$24	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ReyabpOrdersRate

Funding earned: −$50.27
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$66.27
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 65 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.070%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 65 min ago	1.41 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps VIRTUAL-USD	−0.0518%	1h	$30K	$778K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0458%	1h	$15K	$20K	10x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0411%	1h	$447K	$525K	50x	as long as short
01 Exchange VIRTUALUSD	−0.0248%	1h	$2K	$539	10x	as long as short
SoDEX VIRTUAL-USD	−0.0186%	1h	$216	$8K	5x	as long as short
Phoenix VIRTUAL	−0.0181%	1h	$11K	$43K	5x	as long as short
Reya VIRTUALRUSDPERPshort	−0.0139%	1h	$24	—	10x
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$105K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0036%	4h	$571K	$736K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0077%	4h	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	$351K	$280K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$9.3M	$3.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$183K	$78K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$71K	$37K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.5M	$35.0M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.5M	$15.2M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.3M	$3.7M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERPlong	+0.0100%	1h	$230K	$163K	10x
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$252K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$42K	$234K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$2K	$1.2M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$244K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$840K	$716K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0400%	1h	$194K	$149K	50x	as long as short