VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.069%

Price spread now: Pacifica against Deribit−0.127%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Pacifica

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.127% cheaper against Deribit than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VIRTUAL_USDC-PERPETUAL	0.7238	0	get 0.0000% / 1h	16m 09s	$15K	$40K	10x
Short	Pacifica VIRTUAL	0.7229	0.0100	get 0.0013% / 1h	16m 09s	$71K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.127%Rate

Funding earned: $21
Price spread: −0.127% → 0.000%: −$12.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$6.66
Costs to cover: 0.150%
Break-even: 9.2 days

Slippage unknown: Deribit: no order-book sample; Pacifica: no order-book sample. 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 Pacifica no order-book sample	—	—	—	—	—

Deribit and Pacifica: 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
Kraken Futures PF_VIRTUALUSD	−0.0222%	1h	0.7242	+0.062%	$521K	$732K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7221	−0.236%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0072%	1h	0.7231	−0.097%	$327K	$402K	5x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7227	−0.152%	$11K	$36K	5x	as long as short
Variational Omni VIRTUAL	−0.0024%	4h	0.7223	−0.201%	$541K	$753K	—	as long as short
Deribit VIRTUAL_USDC-PERPETUALlong	0.0000%	1h	0.7238	long leg	$15K	$40K	10x
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7229	−0.124%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.672%	$46	$88K	5.5x	as long as short
SoDEX VIRTUAL-USD	+0.0053%	1h	0.7237	−0.017%	$1K	$9K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0075%	4h	0.7237	−0.014%	$15K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7234	−0.053%	$93K	$303K	20x	as long as short
Pacifica VIRTUALshort	+0.0100%	1h	0.7229	−0.127%	$71K	$43K	5x
Binance VIRTUALUSDT	+0.0100%	4h	0.7232	−0.087%	$16.2M	$41.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7232	−0.083%	$16.5M	$18.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7233	−0.069%	$2.9M	$10.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7240	+0.028%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7234	−0.055%	$15.4M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7240	+0.028%	$3.4M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7238	0.000%	$6.1M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7235	−0.041%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7237	−0.014%	$246K	$174K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7218	−0.283%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7220	−0.249%	$644K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7227	−0.152%	$41K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7235	−0.041%	$48K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7237	−0.014%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7234	−0.053%	$54K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7235	−0.037%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0151%	1h	0.7242	+0.054%	$8.9M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7228	−0.144%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7223	−0.207%	$774K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7251	+0.180%	$202K	$102K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6256%	1h	0.7370	+1.824%	$2K	$106	10x	as long as short