Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.025%

Price spread now: Injective against edgeX+0.297%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.963%+$96 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.297% dearer against edgeX than usual: you sell high and buy low (spread +0.297% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +0.963%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VIRTUALUSDC	0.7096	0.0100	pay 0.0050% / 4h	44m 50s	$19K	$261K	10x
Short	Injective VIRTUAL/USDC PERP	0.7117	0.0033	get 0.0004% / 1h	44m 50s	$46	$88K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.297%Rate

Funding earned: −$14
Price spread: +0.297% → 0.000%: $29.69
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $6.67
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 13 min ago; Injective: 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 edgeX live order book, 13 min ago	3.50 bp	9.1 bp −$9	32.1 bp −$321	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7102	+0.089%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0128%	1h	0.7096	+0.002%	$323K	$415K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7100	+0.057%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7137	+0.575%	$11K	$37K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0032%	1h	0.7102	+0.086%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7103	+0.103%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERPshort	+0.0033%	1h	0.7117	+0.297%	$46	$88K	5.5x
SoDEX VIRTUAL-USD	+0.0082%	1h	0.7098	+0.036%	$1K	$9K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0088%	4h	0.7102	+0.086%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7114	+0.255%	$8.7M	$4.1M	5x	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	0.7103	+0.099%	$96K	$292K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7103	+0.096%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7107	+0.162%	$16.1M	$40.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7104	+0.114%	$16.3M	$18.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7112	+0.226%	$2.8M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7102	+0.086%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7102	+0.086%	$17.3M	$4.4M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7105	+0.128%	$2.9M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7104	+0.114%	$6.1M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7106	+0.142%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7106	+0.142%	$237K	$207K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7098	+0.032%	$530K	$913K	—	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7096	long leg	$19K	$261K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7103	+0.098%	$630K	$868K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7101	+0.071%	$40K	$239K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7106	+0.142%	$52K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7104	+0.114%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7102	+0.091%	$55K	$267K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7100	+0.051%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	0.7104	+0.114%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7099	+0.043%	$804K	$887K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0416%	1h	0.7179	+1.171%	$207K	$98K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0807%	1h	0.7111	+0.213%	$590K	$665K	50x	as long as short