VIRTUAL

Alert

Funding spread now, next payment 14:00 UTC−0.0366%/8h

paid, last 24h−0.074%paid, last 3 days−0.457%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VIRTUAL-PERP-INTX	0.7096	0.0400	pay 0.0050% / 1h	57m 41s	$194K	$149K	50x
Short	Variational Omni VIRTUAL	0.7097	0.0034	get 0.0017% / 4h	1h 57m	$713K	$595K	—

Funding history

latest

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latest

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Variational OmnibpOrdersRate

Slippage unknown: Coinbase International: live order book, 62 min ago; Variational Omni: RFQ quote, 63 min ago. Net counts fees only.

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

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 62 min ago	6.33 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	4.23 bp	doesn't fit	19.7 bp −$197	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_VIRTUALUSD	−0.0409%	1h	$450K	$525K	50x	as long as short
Polymarket Perps VIRTUAL-USD	−0.0361%	1h	$31K	$778K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0256%	1h	$2K	$539	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	$11K	$42K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0032%	1h	$214	$8K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0032%	1h	$15K	$20K	10x	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 PERP	+0.0033%	1h	$43	$105K	5.5x	as long as short
Variational Omni VIRTUALshort	+0.0034%	4h	$713K	$595K	—

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0078%	4h	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	$353K	$279K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$9.4M	$3.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$184K	$78K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$71K	$37K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.6M	$35.0M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.6M	$15.2M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.2M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.4M	$3.7M	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	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$231K	$163K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$254K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$42K	$229K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.2M	20x	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 +0.0298% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$843K	$719K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTXlong	+0.0400%	1h	$194K	$149K	50x