VIRTUAL

Alert

Funding spread now, next payment 14:00 UTC+0.0200%/8h

paid, last 24h+0.023%paid, last 7 days+0.103%to open and close $10k−$41

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VIRTUALUSDT	0.7131	0.0100	pay 0.0050% / 4h	2h 41m	$15.9M	$14.6M	50x
Short	Hyperliquid VIRTUAL	0.7145	0.0300	get 0.0037% / 1h	41m 02s	$9.7M	$2.7M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersRate

Funding earned: $41.96
Slippage, 4 orders: −$21.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $0.8
Break-even: 6.9 days

Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.194%
Avg gap 7d: +0.085%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 4 min ago	0.70 bp	11.1 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.28 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit

VIRTUAL on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps VIRTUAL-USD	−0.0425%	1h	$34K	$708K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0311%	1h	$5K	$10K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0200%	1h	$2K	$539	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	$12K	$42K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0089%	1h	$213	$8K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0003%	1h	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$105K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0070%	4h	$714K	$571K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0083%	4h	$14K	$1.5M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni VIRTUALUSDT	+0.0084%	1h	$42K	$226K	50x	as long as short
Lighter VIRTUAL	+0.0096%	1h	$339K	$132K	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$185K	$65K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$76K	$33K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.7M	$33.5M	75x	as long as short
Bybit VIRTUALUSDTlong	+0.0100%	4h	$15.9M	$14.6M	50x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.5M	$2.8M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.7M	$3.6M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$234K	$155K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$19K	$250K	10x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.1M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$240K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0265%	1h	$440K	$504K	50x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	$30K	—	100x	as long as short
Hyperliquid VIRTUALshort	+0.0300%	1h	$9.7M	$2.7M	5x
Coinbase International VIRTUAL-PERP-INTX	+0.0336%	1h	$199K	$150K	50x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$850K	$706K	75x	as long as short