VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: edgeX against BloFin−0.186%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 4 days (all we have)+0.328%+$33 · spread now −0.186%, 7d avg −0.019%

Together, before fees−0.078%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.167% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VIRTUAL-USDT	0.7152	0.0340	pay 0.0170% / 4h	3h 35m	$779K	$1.0M	75x
Short	edgeX VIRTUALUSDC	0.7139	0.0100	get 0.0050% / 4h	3h 35m	$19K	$258K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$50.4
Price spread: −0.186% → −0.019%: −$16.67
Slippage, 4 orders: −$13.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$101.66
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; edgeX: live order book, 62 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 BloFin live order book, 1 min ago	2.10 bp	9.3 bp −$9	18.3 bp −$183	56.5 bp −$5,651	doesn't fit
Sell edgeX live order book, 62 min ago	2.81 bp	8.0 bp −$8	35.5 bp −$355	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0450%	1h	0.7140	−0.168%	$15K	$40K	10x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0225%	1h	0.7149	−0.035%	$515K	$739K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7142	−0.138%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0096%	1h	0.7138	−0.197%	$322K	$401K	5x	as long as short
Variational Omni VIRTUAL	−0.0044%	4h	0.7141	−0.156%	$535K	$753K	—	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7146	−0.082%	$11K	$36K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0012%	1h	0.7141	−0.147%	$1K	$9K	5x	as long as short
Bybit VIRTUALUSDT	−0.0011%	4h	0.7144	−0.112%	$16.3M	$18.7M	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7144	−0.112%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.489%	$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
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7142	−0.140%	$15K	$1.8M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7148	−0.062%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7148	−0.054%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7145	−0.098%	$16.0M	$41.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7149	−0.042%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7145	−0.098%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7141	−0.154%	$15.7M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7146	−0.084%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7146	−0.084%	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7149	−0.042%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7145	−0.098%	$237K	$175K	10x	as long as short
edgeX VIRTUALUSDCshort	+0.0100%	4h	0.7139	−0.186%	$19K	$258K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7137	−0.206%	$629K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7143	−0.126%	$40K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7141	−0.147%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7140	−0.168%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7148	−0.061%	$55K	$307K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7139	−0.185%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0167%	1h	0.7154	+0.025%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7143	−0.131%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7152	long leg	$779K	$1.0M	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7168	+0.224%	$200K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6256%	1h	0.7284	+1.846%	$2K	$106	10x	as long as short