VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.156%

Price spread now: Kraken Futures against Deribit+0.077%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.077% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VIRTUAL_USDC-PERPETUAL	0.7100	−0.0313	get 0.0039% / 1h	27m 26s	$15K	$40K	10x
Short	Kraken Futures PF_VIRTUALUSD	0.7105	−0.0227	pay 0.0028% / 1h	27m 26s	$511K	$740K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.077%Rate

Funding earned: $18.17
Price spread: +0.077% → 0.000%: $7.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $8.9
Costs to cover: 0.170%
Break-even: 3.6 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 6 min ago. Net counts fees only.

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 Kraken Futures live order book, 6 min ago	17.55 bp	24.0 bp −$24	48.4 bp −$484	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VIRTUAL_USDC-PERPETUALlong	−0.0313%	1h	0.7100	long leg	$15K	$40K	10x
Kraken Futures PF_VIRTUALUSDshort	−0.0227%	1h	0.7105	+0.077%	$511K	$740K	50x
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7103	+0.040%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0120%	1h	0.7108	+0.113%	$321K	$401K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0078%	1h	0.7099	−0.007%	$1K	$9K	5x	as long as short
Variational Omni VIRTUAL	−0.0059%	4h	0.7107	+0.103%	$532K	$753K	—	as long as short
Bybit VIRTUALUSDT	−0.0055%	4h	0.7102	+0.028%	$16.2M	$18.8M	50x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7094	−0.083%	$11K	$36K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7096	−0.052%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.239%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7098	−0.028%	$15K	$1.8M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7109	+0.133%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7113	+0.182%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7106	+0.087%	$15.9M	$41.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7107	+0.099%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7112	+0.169%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7107	+0.099%	$15.4M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7113	+0.183%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7108	+0.113%	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7107	+0.099%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7110	+0.141%	$235K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7104	+0.050%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7141	+0.579%	$630K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7109	+0.127%	$40K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7109	+0.127%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7092	−0.113%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7104	+0.056%	$53K	$312K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7098	−0.031%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0139%	1h	0.7116	+0.227%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7096	−0.059%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7090	−0.141%	$778K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7168	+0.958%	$200K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6248%	1h	0.7239	+1.958%	$2K	$106	10x	as long as short