Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0417%/8h= +45.7% APRnext payment +$0.52 per $10,000 · paid last 24h +0.069%
Price spread now: ApeX Omni against Deribit+0.653%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and ApeX Omni is 0.653% dearer against Deribit than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit VIRTUAL_USDC-PERPETUAL0.7047−0.0317get 0.0040% / 1h33m 14s$15K$40K10x
ShortApeX Omni VIRTUALUSDT0.70930.0100get 0.0013% / 1h33m 14s$40K$237K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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

Funding earned
$87.63
Price spread: +0.653% → 0.000%
$65.28
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$135.91
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell ApeX Omni live order book, 13 min ago6.32 bp14.7 bp −$1592.9 bp −$929doesn't fitdoesn't fit
Deribit: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit VIRTUAL_USDC-PERPETUALlong−0.0317%1h0.7047long leg$15K$40K10x
01 Exchange VIRTUALUSD−0.0144%1h0.7049+0.028%$2K$10610xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7046−0.008%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7072+0.359%$11K$36K5xas long as short
Lighter VIRTUAL−0.0048%1h0.7044−0.044%$320K$402K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7049+0.032%$14K150xas long as short
Bybit VIRTUALUSDT+0.0032%4h0.7042−0.071%$16.2M$18.9M50xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117+0.993%$46$88K5.5xas long as short
SoDEX VIRTUAL-USD+0.0072%1h0.7047+0.007%$1K$9K5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0075%4h0.7046−0.014%$14K$1.4M10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid VIRTUAL+0.0100%1h0.7059+0.173%$8.7M$4.0M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7050+0.048%$91K$299K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7048+0.014%$69K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7051+0.057%$15.9M$41.7M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7050+0.043%$2.8M$9.8M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7046−0.014%$1.5M$3.4M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7044−0.043%$15.3M$4.9M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7048+0.014%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7050+0.043%$6.0M$6.0M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7046−0.014%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7054+0.099%$236K$210K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7068+0.304%$529K$910Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7089+0.590%$19K$261K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7075+0.399%$625K$1.0M10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7093+0.653%$40K$237K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7049+0.028%$52K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7054+0.099%$1K$1.4M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7046−0.020%$56K$302K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7044−0.038%$18K3xas long as short
Kraken Futures PF_VIRTUALUSD+0.0283%1h0.7051+0.062%$521K$763K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0312% / S −0.0259%1h0.7050+0.045%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7050+0.043%$783K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7162+1.632%$199K$104K50xas long as short