Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against edgeX+0.228%83s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$230.225% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.909%−$91 · spread now +0.228%, 7d avg +0.016%

Together, before fees−0.910%+ Points / potential airdropedgeX: Active · farm board−$91 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: MEXC is 0.212% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 83 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	0.7105	0.0100	pay 0.0050% / 4h	20m 02s	$19K	$257K	10x
Short	MEXC VIRTUAL_USDT	0.7121	0.0100	get 0.0050% / 4h	20m 02s	$15.6M	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.228%Rate

Funding earned: $0
Price spread: +0.228% → +0.016%: $21.21
Slippage, 4 orders: −$13.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.32
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from edgeX: live order book, 17 min ago; MEXC: live order book, 3 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, 17 min ago	2.81 bp	8.1 bp −$8	20.9 bp −$209	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.41 bp	2.9 bp −$3	7.2 bp −$72	88.6 bp −$8,859	254.7 bp −$127.3K

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	−0.0337%	1h	0.7124	+0.267%	$517K	$741K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7113	+0.117%	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0104%	4h	0.7100	−0.064%	$532K	$837K	—	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7118	+0.186%	$2K	$106	10x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7119	+0.199%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0064%	1h	0.7118	+0.182%	$321K	$403K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7120	+0.214%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7122	+0.244%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.172%	$46	$88K	5.5x	as long as short
Bybit VIRTUALUSDT	+0.0048%	4h	0.7120	+0.214%	$16.2M	$18.9M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7116	+0.158%	$16K	$1.7M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7124	+0.271%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7110	+0.069%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7124	+0.267%	$16.1M	$42.1M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7125	+0.285%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7113	+0.116%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDTshort	+0.0100%	4h	0.7121	+0.228%	$15.6M	$5.3M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7114	+0.130%	$3.0M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7127	+0.313%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7120	+0.214%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7127	+0.313%	$236K	$175K	10x	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7105	long leg	$19K	$257K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7103	−0.028%	$630K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7110	+0.074%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7116	+0.162%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7110	+0.074%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7118	+0.193%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7123	+0.258%	$53K	$304K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7115	+0.141%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0295%	1h	0.7135	+0.423%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7124	+0.264%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7102	−0.039%	$783K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7170	+0.918%	$200K	$100K	50x	as long as short