Funding spread now, next payment 17:00 UTC+0.0354%/8h
next payment, per $10,000+$0.44paid, last 24h+0.091%paid, last 5 days+0.047%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.047% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7055 | −0.0458 | get 0.0057% / 1h | 20m 52s | $15K | $40K | 10x |
| Short | Lighter VIRTUAL | 0.7050 | −0.0104 | pay 0.0013% / 1h | 20m 52s | $320K | $412K | 5x |
Deribit VIRTUAL_USDC-PERPETUAL
Lighter VIRTUALFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $74.39
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $67.39
- Break-even
- 0.7 days
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 16 min ago. Net counts fees only.
Price risk
price view- Price gap now
- −0.072%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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 Lighter live order book, 16 min ago | 2.61 bp | 6.8 bp −$7 | 54.9 bp −$549 | 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 32 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Deribit VIRTUAL_USDC-PERPETUALlong | −0.0458% | 1h | $15K | $40K | 10x | |
| 01 Exchange VIRTUALUSD | −0.0208% | 1h | $2K | $131 | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.0172% | 1h | $406 | $8K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Lighter VIRTUALshort | −0.0104% | 1h | $320K | $412K | 5x | |
| Phoenix VIRTUAL | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |
| Bybit VIRTUALUSDT | +0.0008% | 4h | $15.5M | $15.9M | 50x | as long as short |
| Variational Omni VIRTUAL | +0.0029% | 4h | $580K | $823K | — | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
SoDEX VIRTUAL-USD
Reya VIRTUALRUSDPERP
Phoenix VIRTUAL
gTrade (Gains Network) VIRTUAL/USD
Bybit VIRTUALUSDT
Variational Omni VIRTUAL
Injective VIRTUAL/USDC PERP
Orderly PERP_VIRTUAL_USDC
Hyperliquid VIRTUAL
Aster VIRTUALUSDT
Pacifica VIRTUAL
Binance VIRTUALUSDT
OKX VIRTUAL-USDT-SWAP
Gate VIRTUAL_USDT
MEXC VIRTUAL_USDT
KuCoin VIRTUALUSDTM
Bitget VIRTUALUSDT
BingX VIRTUAL-USDT
Backpack VIRTUAL_USDC_PERP
ApeX Omni VIRTUALUSDT
Polymarket Perps VIRTUAL-USD
SunX VIRTUAL-USDT
Extended VIRTUAL-USD
Aevo VIRTUAL-PERP
GMX VIRTUAL/USD [WBTC.b-USDC]
BloFin VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTX
Kraken Futures PF_VIRTUALUSD