Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX+0.110%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.110%, 7d avg +0.032%

Together, before fees−0.163%−$16 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: KuCoin is 0.078% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VIRTUAL-USDT	0.7300	0.0100	pay 0.0050% / 4h	3h 31m	—	$8.1M	—
Short	KuCoin VIRTUALUSDTM	0.7308	0.0100	get 0.0050% / 4h	3h 31m	$4.3M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.032%: $7.77
Slippage, 4 orders: −$39.25
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$53.47
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 1 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 BingX live order book, 6 min ago	2.05 bp	9.7 bp −$10	14.7 bp −$147	25.8 bp −$2,583	86.3 bp −$43.1K
Sell KuCoin live order book, 1 min ago	2.05 bp	21.3 bp −$21	57.3 bp −$573	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	0.7299	−0.015%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7316	+0.219%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0064%	1h	0.7296	−0.055%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7304	+0.055%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7299	−0.012%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.507%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0056%	1h	0.7295	−0.070%	$331K	$417K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0088%	4h	0.7307	+0.096%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7309	+0.119%	$199K	$155K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7302	+0.032%	$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	0.7304	+0.053%	$16.9M	$39.4M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7302	+0.027%	$16.5M	$17.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7300	0.000%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7308	+0.110%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7307	+0.096%	$18.4M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTMshort	+0.0100%	4h	0.7308	+0.110%	$4.3M	$4.2M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	0.7306	+0.082%	$6.3M	$5.6M	25x	as long as short
BingX VIRTUAL-USDTlong	+0.0100%	4h	0.7300	long leg	—	$8.1M	—
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7307	+0.096%	$248K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7338	+0.519%	$549K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7326	+0.362%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7327	+0.372%	$651K	$889K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7326	+0.356%	$40K	$243K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7305	+0.071%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7295	−0.068%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7300	+0.003%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7309	+0.123%	$57K	$311K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7305	+0.067%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0186%	1h	0.7310	+0.132%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7299	−0.019%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7310	+0.137%	$828K	$842K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7310	+0.137%	$198K	$91K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0740%	1h	0.7313	+0.184%	$604K	$639K	50x	as long as short