VIRTUAL

Alert

Funding spread now, next payment 15:00 UTC−0.0067%/8h

paid, last 24h−0.022%paid, last 7 days+1.458%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VIRTUALUSDT	0.7114	0.0100	pay 0.0050% / 4h	1h 04m	$15.7M	$15.7M	50x
Short	Injective VIRTUAL/USDC PERP	0.6744	0.0033	get 0.0004% / 1h	4m 41s	$43	$105K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee InjectivebpOrdersRate

Funding earned: −$14
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$25.02
Break-even: never at this rate

Slippage unknown: Bybit: live order book, just now; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −5.201%
Avg gap 7d: +0.023%

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, just now	0.70 bp	10.2 bp −$10	20.1 bp −$201	162.9 bp −$16.3K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_VIRTUALUSD	−0.0407%	1h	$516K	$606K	50x	as long as short
01 Exchange VIRTUALUSD	−0.0184%	1h	$2K	$539	10x	as long as short
Phoenix VIRTUAL	−0.0181%	1h	$11K	$43K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0031%	1h	$25K	$30K	10x	as long as short
Variational Omni VIRTUAL	−0.0003%	4h	$598K	$782K	—	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERPshort	+0.0033%	1h	$43	$105K	5.5x
Orderly PERP_VIRTUAL_USDC	+0.0069%	4h	$14K	$1.5M	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0078%	1h	$31K	$794K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter VIRTUAL	+0.0096%	1h	$331K	$327K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$9.5M	$3.2M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$184K	$75K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$72K	$39K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.5M	$36.2M	75x	as long as short
Bybit VIRTUALUSDTlong	+0.0100%	4h	$15.7M	$15.7M	50x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.4M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.4M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.1M	$3.8M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$232K	$166K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$254K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$40K	$242K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.2M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	$210	$8K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$244K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$839K	$776K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0400%	1h	$195K	$148K	50x	as long as short