VIRTUAL

Alert

Funding spread now, next payment 17:00 UTC+0.0321%/8h

next payment, per $10,000+$0.40paid, last 24h+0.065%paid, last 3 days+0.204%to open and closeno order book

Long on Deribit Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VIRTUAL_USDC-PERPETUAL	0.7053	−0.0317	get 0.0040% / 1h	17m 17s	$15K	$40K	10x
Short	gTrade (Gains Network) VIRTUAL/USD	0.7054	L +0.0007% / S −0.0004%	get 0.0000% / 1h	17m 17s	$12K	—	150x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $67.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $50.36
Break-even: 1.8 days

Slippage unknown: Deribit: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.019%
Avg gap 7d: —

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 Deribit no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Deribit and gTrade (Gains Network): 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
Deribit VIRTUAL_USDC-PERPETUALlong	−0.0317%	1h	$15K	$40K	10x
01 Exchange VIRTUALUSD	−0.0216%	1h	$2K	$131	10x	as long as short
SoDEX VIRTUAL-USD	−0.0169%	1h	$405	$8K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0120%	1h	$320K	$412K	5x	as long as short
Phoenix VIRTUAL	−0.0090%	1h	$11K	$46K	5x	as long as short
Variational Omni VIRTUAL	+0.0006%	4h	$576K	$823K	—	as long as short
gTrade (Gains Network) VIRTUAL/USDshort	L +0.0007% / S −0.0004%	1h	$12K	—	150x
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$28K	5.5x	as long as short
Bybit VIRTUALUSDT	+0.0039%	4h	$15.6M	$15.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0059%	4h	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$8.7M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$183K	$65K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$73K	$41K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.4M	$37.0M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.7M	$10.2M	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	$15.8M	$4.1M	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	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$231K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$256K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$40K	$241K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$29K	$820K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.3M	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 +0.0297% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$831K	$772K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0464%	1h	$192K	$118K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0776%	1h	$515K	$638K	50x	as long as short