Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against Bybit0.000%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days+0.006%+$1 · spread now 0.000%, 7d avg +0.009%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VIRTUALUSDT	0.7159	0.0100	pay 0.0050% / 4h	2h 06m	$15.5M	$15.5M	50x
Short	MEXC VIRTUAL_USDT	0.7159	0.0100	get 0.0050% / 4h	2h 06m	$17.2M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.009%: −$0.88
Slippage, 4 orders: −$18.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.62
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 3 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 Bybit live order book, 2 min ago	1.39 bp	10.9 bp −$11	25.8 bp −$258	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.70 bp	2.4 bp −$2	7.1 bp −$71	65.4 bp −$6,543	253.2 bp −$126.6K

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	−0.0448%	1h	0.7162	+0.042%	$15K	$40K	10x	as long as short
Injective VIRTUAL/USDC PERP	−0.0160%	1h	0.7117	−0.587%	$46	$88K	5.5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7160	+0.016%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7176	+0.240%	$11K	$45K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0088%	1h	0.7161	+0.028%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7167	+0.107%	$12K	—	150x	as long as short
Lighter VIRTUAL	+0.0072%	1h	0.7161	+0.035%	$326K	$391K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0085%	4h	0.7163	+0.056%	$14K	$1.5M	10x	as long as short
Variational Omni VIRTUAL	+0.0094%	4h	0.7166	+0.103%	$526K	$878K	—	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7171	+0.168%	$8.7M	$3.7M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7169	+0.145%	$195K	$82K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7169	+0.136%	$72K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7161	+0.028%	$16.4M	$37.3M	75x	as long as short
Bybit VIRTUALUSDTlong	+0.0100%	4h	0.7159	long leg	$15.5M	$15.5M	50x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7160	+0.014%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7163	+0.056%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDTshort	+0.0100%	4h	0.7159	0.000%	$17.2M	$4.2M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7169	+0.140%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7167	+0.112%	$6.1M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7165	+0.084%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7165	+0.084%	$235K	$159K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7169	+0.140%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7170	+0.154%	$635K	$965K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7177	+0.251%	$40K	$246K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7166	+0.096%	$27K	$815K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7162	+0.042%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7161	+0.034%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7161	+0.026%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7163	+0.056%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	0.7167	+0.107%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7165	+0.084%	$816K	$794K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7203	+0.615%	$196K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0525%	1h	0.7174	+0.206%	$536K	$544K	50x	as long as short