Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against edgeX−0.183%50s7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.371% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.183%, 7d avg +0.028%

Together, before fees+0.057%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.211% cheaper against edgeX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VIRTUALUSDC	0.7148	0.0100	pay 0.0050% / 4h	1h 30m	$19K	$258K	10x
Short	Binance VIRTUALUSDT	0.7135	0.0100	get 0.0050% / 4h	1h 30m	$16.2M	$37.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.183%Rate

Funding earned: $0
Price spread: −0.183% → +0.028%: −$21.12
Slippage, 4 orders: −$18.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.22
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from edgeX: live order book, 52 min ago; Binance: live order book, 11 min ago.

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 edgeX live order book, 52 min ago	2.78 bp	7.9 bp −$8	26.2 bp −$262	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.70 bp	9.7 bp −$10	19.0 bp −$190	94.0 bp −$9,404	doesn't fit

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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7142	−0.091%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0136%	1h	0.7129	−0.267%	$324K	$414K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7143	−0.071%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0045%	1h	0.7150	+0.034%	$11K	$40K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0030%	1h	0.7143	−0.071%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7147	−0.017%	$12K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.435%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7142	−0.085%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7143	−0.066%	$8.7M	$3.8M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7141	−0.097%	$193K	$83K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7138	−0.141%	$71K	$44K	5x	as long as short
Binance VIRTUALUSDTshort	+0.0100%	4h	0.7135	−0.183%	$16.2M	$37.5M	75x
Bybit VIRTUALUSDT	+0.0100%	4h	0.7127	−0.295%	$15.4M	$15.7M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7131	−0.239%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7139	−0.127%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7134	−0.197%	$17.1M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7137	−0.155%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7139	−0.127%	$6.0M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7137	−0.155%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7145	−0.043%	$237K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7146	−0.034%	$523K	$877K	—	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7148	long leg	$19K	$258K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7147	−0.015%	$633K	$930K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7149	+0.013%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7147	−0.014%	$31K	$869K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7143	−0.071%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7142	−0.088%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7133	−0.208%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7145	−0.047%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	0.7147	−0.013%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7142	−0.085%	$807K	$788K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7150	+0.027%	$195K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0513%	1h	0.7153	+0.064%	$532K	$544K	50x	as long as short