Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+0.034%7-day average +0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.034%, 7d avg +0.022%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VIRTUALUSDT	0.7016	0.0100	pay 0.0050% / 4h	5m 46s	$16.0M	$35.9M	75x
Short	SunX VIRTUAL-USDT	0.7018	0.0100	get 0.0050% / 4h	5m 46s	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.022%: $1.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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 Binance live order book, 10 min ago	1.43 bp	9.2 bp −$9	21.7 bp −$217	104.6 bp −$10.5K	doesn't fit
Sell SunX live order book, 3 min ago	500.43 bp	doesn't fit	doesn't fit	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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7013	−0.032%	$23	—	10x	as long as short
Variational Omni VIRTUAL	−0.0122%	4h	0.7010	−0.080%	$508K	$867K	—	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7015	−0.009%	$2K	$131	10x	as long as short
Injective VIRTUAL/USDC PERP	−0.0086%	1h	0.7011	−0.066%	$45	$64K	5.5x	as long as short
Phoenix VIRTUAL	−0.0080%	1h	0.7013	−0.040%	$11K	$45K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0035%	1h	0.7017	+0.020%	$15K	$40K	10x	as long as short
Lighter VIRTUAL	−0.0032%	1h	0.7010	−0.077%	$319K	$390K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7017	+0.027%	$12K	—	150x	as long as short
Bybit VIRTUALUSDT	+0.0023%	4h	0.7013	−0.037%	$15.2M	$15.2M	50x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0068%	4h	0.7016	+0.006%	$14K	$1.5M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VIRTUAL	+0.0100%	1h	0.7025	+0.128%	$8.6M	$3.6M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7019	+0.051%	$191K	$77K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7017	+0.016%	$72K	$42K	5x	as long as short
Binance VIRTUALUSDTlong	+0.0100%	4h	0.7016	long leg	$16.0M	$35.9M	75x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7012	−0.051%	$2.7M	$9.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7017	+0.020%	$1.4M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7013	−0.037%	$16.3M	$3.9M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7015	−0.009%	$3.0M	$4.0M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7018	+0.034%	$6.0M	$5.2M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7014	−0.023%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7020	+0.063%	$231K	$163K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7014	−0.018%	$18K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7013	−0.037%	$622K	$929K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7019	+0.048%	$40K	$241K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7019	+0.053%	$33K	$763K	5x	as long as short
SunX VIRTUAL-USDTshort	+0.0100%	4h	0.7018	+0.034%	$1K	$1.2M	20x
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7015	−0.016%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7016	−0.001%	$55K	$243K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7017	+0.020%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0295% / S −0.0228%	1h	0.7018	+0.032%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7009	−0.094%	$811K	$732K	75x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0389%	1h	0.7026	+0.142%	$512K	$494K	50x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7040	+0.348%	$191K	$106K	50x	as long as short