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: MEXC against Bitget−0.054%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.054%, 7d avg −0.040%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VIRTUALUSDT	0.7406	0.0100	pay 0.0050% / 4h	3h 09m	$6.4M	$5.7M	25x
Short	MEXC VIRTUAL_USDT	0.7402	0.0100	get 0.0050% / 4h	3h 09m	$18.6M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.040%: −$1.43
Slippage, 4 orders: −$25.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.72
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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 Bitget live order book, 4 min ago	2.71 bp	12.8 bp −$13	29.0 bp −$290	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.35 bp	3.1 bp −$3	12.3 bp −$123	106.2 bp −$10.6K	271.8 bp −$135.9K

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	0.7394	−0.157%	$25	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7384	−0.293%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0048%	1h	0.7393	−0.176%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7407	+0.014%	$16K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7407	+0.012%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−3.902%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7406	0.000%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7399	−0.090%	$335K	$420K	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7405	−0.012%	$202K	$162K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7392	−0.193%	$73K	$44K	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	0.7401	−0.067%	$17.2M	$39.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7398	−0.108%	$16.8M	$17.2M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7395	−0.149%	$3.0M	$9.9M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7406	0.000%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDTshort	+0.0100%	4h	0.7402	−0.054%	$18.6M	$4.2M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7409	+0.041%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDTlong	+0.0100%	4h	0.7406	long leg	$6.4M	$5.7M	25x
BingX VIRTUAL-USDT	+0.0100%	4h	0.7402	−0.054%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7408	+0.027%	$251K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7369	−0.503%	$552K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7368	−0.517%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7375	−0.419%	$656K	$890K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7372	−0.459%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7401	−0.073%	$51K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7407	+0.014%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7406	−0.005%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7404	−0.033%	$55K	$277K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7405	−0.015%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0204%	1h	0.7411	+0.069%	$9.2M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0301% / S −0.0228%	1h	0.7407	+0.013%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7402	−0.054%	$841K	$862K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7410	+0.054%	$201K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0730%	1h	0.7413	+0.095%	$614K	$651K	50x	as long as short