VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.54 per $10,000 · paid last 24h −0.018%

Price spread now: Variational Omni against Binance+0.271%7-day average −0.014% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.271%, 7d avg −0.014%

Together, before fees−0.243%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.285% dearer against Binance than usual: you sell high and buy low (spread +0.271% now, against its 7-day average of −0.014%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.8 days. At the pace of the last 4 days (−0.049% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VIRTUALUSDT	0.7106	0.0100	pay 0.0050% / 4h	1h 36m	$16.0M	$42.3M	75x
Short	Variational Omni VIRTUAL	0.7125	−0.0008	pay 0.0004% / 4h	1h 36m	$530K	$907K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.271%Rate

Funding earned: −$22.64
Price spread: +0.271% → −0.014%: $28.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.18
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; Variational Omni: RFQ quote, 8 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, 6 min ago	0.70 bp	9.6 bp −$10	20.2 bp −$202	98.6 bp −$9,858	doesn't fit
Sell Variational Omni RFQ quote, 8 min ago	4.20 bp	doesn't fit	22.4 bp −$224	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
Lighter VIRTUAL	−0.0168%	1h	0.7099	−0.103%	$323K	$402K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7100	−0.079%	$24	—	10x	as long as short
Bybit VIRTUALUSDT	−0.0131%	4h	0.7099	−0.099%	$16.1M	$19.0M	50x	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7105	−0.014%	$2K	$106	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7132	+0.362%	$11K	$36K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0031%	1h	0.7104	−0.028%	$15K	$40K	10x	as long as short
Variational Omni VIRTUALshort	−0.0008%	4h	0.7125	+0.271%	$530K	$907K	—
Kraken Futures PF_VIRTUALUSD	−0.0005%	1h	0.7107	+0.019%	$520K	$763K	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7106	+0.004%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.155%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni VIRTUALUSDT	+0.0035%	1h	0.7132	+0.366%	$40K	$236K	50x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7102	−0.056%	$15K	$1.6M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7113	+0.104%	$8.7M	$4.0M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7106	+0.007%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7111	+0.068%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDTlong	+0.0100%	4h	0.7106	long leg	$16.0M	$42.3M	75x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7107	+0.014%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7103	−0.042%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7103	−0.042%	$15.9M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7108	+0.028%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7105	−0.014%	$6.0M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7101	−0.070%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7117	+0.155%	$236K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7115	+0.124%	$19K	$261K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7129	+0.324%	$627K	$1.1M	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7104	−0.027%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7102	−0.056%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7103	−0.042%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7102	−0.060%	$55K	$286K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7102	−0.061%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7105	−0.012%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7114	+0.113%	$783K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7144	+0.535%	$199K	$101K	50x	as long as short