Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.5876%/8h= +643.4% APRpaid last 24h +0.040%

Price spread now: 01 Exchange against BloFin+1.746%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$176 a day on $10k at the current rate, and 01 Exchange is 1.746% dearer against BloFin than usual: you sell high and buy low: +$175 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VIRTUAL-USDT	0.7160	0.0340	pay 0.0170% / 4h	1h 52m	$780K	$957K	75x
Short	01 Exchange VIRTUALUSD	0.7285	0.6216	get 0.0777% / 1h	52m 32s	$2K	$27	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +1.746%Rate

Funding earned: $1,233.96
Price spread: +1.746% → 0.000%: $174.58
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $1,389.54
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: live order book, 23 min ago; 01 Exchange: no order-book sample. 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 BloFin live order book, 23 min ago	1.39 bp	11.2 bp −$11	20.2 bp −$202	70.3 bp −$7,027	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VIRTUAL on 33 exchanges

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	−0.0448%	1h	0.7154	−0.084%	$25K	$40K	10x	as long as short
Lighter VIRTUAL	−0.0168%	1h	0.7147	−0.184%	$325K	$368K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7152	−0.111%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0111%	1h	0.7173	+0.179%	$11K	$32K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0093%	1h	0.7154	−0.082%	$1K	$9K	5x	as long as short
ApeX Omni VIRTUALUSDT	−0.0061%	1h	0.7163	+0.042%	$40K	$234K	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7157	−0.048%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.601%	$46	$88K	5.5x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0063%	1h	0.7165	+0.073%	$560K	$748K	50x	as long as short
Variational Omni VIRTUAL	+0.0076%	4h	0.7163	+0.037%	$680K	$816K	—	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0085%	4h	0.7153	−0.098%	$15K	$1.8M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7161	+0.013%	$8.9M	$3.6M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7156	−0.053%	$91K	$297K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7155	−0.070%	$70K	$42K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7149	−0.154%	$16.0M	$40.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7149	−0.154%	$16.6M	$18.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7153	−0.098%	$2.8M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7156	−0.056%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7147	−0.182%	$14.8M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7153	−0.098%	$3.4M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7155	−0.070%	$6.1M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7152	−0.112%	—	$7.8M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7158	−0.028%	$245K	$177K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7172	+0.162%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7157	−0.046%	$630K	$1.4M	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7158	−0.028%	$47K	$996K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7156	−0.056%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7149	−0.155%	$54K	$310K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7155	−0.075%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7158	−0.032%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7160	long leg	$780K	$957K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7193	+0.461%	$202K	$96K	50x	as long as short
01 Exchange VIRTUALUSDshort	+0.6216%	1h	0.7285	+1.746%	$2K	$27	10x