Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against edgeX+0.069%74s7-day average +0.041% · you sell dearer than you buy

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

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.069%, 7d avg +0.041%

Together, before fees−0.194%+ Points / potential airdropedgeX: Active · farm board−$19 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: SunX is 0.027% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.041%. The two prices were read 74 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	0.7139	0.0100	pay 0.0050% / 4h	3h 38m	$19K	$257K	10x
Short	SunX VIRTUAL-USDT	0.7144	0.0100	get 0.0050% / 4h	3h 38m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.041%: $2.74
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 59 min ago; SunX: live order book, 6 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 edgeX live order book, 59 min ago	2.81 bp	8.1 bp −$8	20.9 bp −$209	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.94 bp	doesn't fit	doesn't fit	doesn't fit	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0310%	1h	0.7144	+0.069%	$15K	$40K	10x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0225%	1h	0.7147	+0.111%	$515K	$739K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7145	+0.077%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0104%	1h	0.7140	+0.018%	$322K	$401K	5x	as long as short
Variational Omni VIRTUAL	−0.0062%	4h	0.7137	−0.025%	$535K	$756K	—	as long as short
Bybit VIRTUALUSDT	−0.0043%	4h	0.7144	+0.069%	$16.3M	$18.7M	50x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7146	+0.098%	$11K	$36K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0007%	1h	0.7144	+0.062%	$1K	$9K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7148	+0.131%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.310%	$46	$88K	5.5x	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	0.7143	+0.055%	$15K	$1.8M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7150	+0.157%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7144	+0.068%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7144	+0.070%	$16.0M	$41.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7148	+0.125%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7148	+0.125%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7145	+0.083%	$15.7M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7149	+0.139%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7149	+0.139%	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7148	+0.125%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7152	+0.181%	$237K	$175K	10x	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7139	long leg	$19K	$257K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7148	+0.126%	$641K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7146	+0.097%	$40K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7148	+0.132%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDTshort	+0.0100%	4h	0.7144	+0.069%	$2K	$1.3M	20x
Extended VIRTUAL-USD	+0.0104%	1h	0.7143	+0.061%	$55K	$307K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7141	+0.032%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0172%	1h	0.7160	+0.290%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7149	+0.135%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7143	+0.055%	$780K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7168	+0.405%	$200K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6264%	1h	0.7281	+1.988%	$2K	$106	10x	as long as short