VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.043%

Price spread now: Polymarket Perps against Deribit+0.034%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 Polymarket Perps

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 +$4 a day on $10k at the current rate, and Polymarket Perps is 0.034% dearer against Deribit than usual: you sell high and buy low: +$3 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	29m 05s	$25K	$40K	10x
Short	Polymarket Perps VIRTUAL-USD	0.7102	−0.0170	pay 0.0021% / 1h	29m 05s	$33K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.034%Rate

Funding earned: $30.13
Price spread: +0.034% → 0.000%: $3.38
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $18.51
Costs to cover: 0.150%
Break-even: 2.7 days

Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	3.81 bp	7.8 bp −$8	8.0 bp −$80	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 exchanges

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	$25K	$40K	10x
Lighter VIRTUAL	−0.0184%	1h	0.7096	−0.059%	$323K	$369K	5x	as long as short
Polymarket Perps VIRTUAL-USDshort	−0.0170%	1h	0.7102	+0.034%	$33K	$1.0M	5x
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7096	−0.056%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0111%	1h	0.7094	−0.082%	$11K	$32K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0016%	1h	0.7100	0.000%	$1K	$9K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7093	−0.105%	$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
Variational Omni VIRTUAL	+0.0059%	4h	0.7096	−0.052%	$673K	$816K	—	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0064%	1h	0.7106	+0.091%	$556K	$742K	50x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0084%	4h	0.7100	0.000%	$14K	$1.8M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7106	+0.090%	$8.8M	$3.5M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7101	+0.015%	$99K	$306K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7105	+0.074%	$70K	$40K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7097	−0.042%	$15.8M	$40.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7099	−0.014%	$16.5M	$18.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7095	−0.070%	$2.7M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7100	0.000%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7096	−0.056%	$14.5M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7102	+0.028%	$3.4M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7100	0.000%	$6.1M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7097	−0.042%	—	$7.8M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7098	−0.028%	$244K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7090	−0.145%	$19K	$254K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7091	−0.127%	$632K	$1.5M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7094	−0.085%	$40K	$234K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7104	+0.056%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7096	−0.058%	$54K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7098	−0.032%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0311% / S −0.0258%	1h	0.7103	+0.037%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7095	−0.070%	$775K	$928K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7167	+0.944%	$201K	$96K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6224%	1h	0.7239	+1.958%	$2K	$27	10x	as long as short