Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0224%/8h= −24.5% APRnext payment $0.28 per $10,000 · paid last 24h −0.080%
Price spread now: 01 Exchange against Extended−0.029%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.029% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended VIRTUAL-USD0.72050.0104pay 0.0013% / 1h20m 39s$53K$246K10x
Short01 Exchange VIRTUALUSD0.7203−0.0120pay 0.0015% / 1h20m 39s$2K$13110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Extended. 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

Funding earned
−$47.04
Price spread: −0.029% → 0.000%
−$2.91
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$61.95
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 62 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 62 min ago1.81 bp15.0 bp −$15120.6 bp −$1,206doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya VIRTUALRUSDPERP−0.0139%1h0.7204−0.017%$2410xas long as short
Lighter VIRTUAL−0.0120%1h0.7204−0.017%$328K$414K5xas long as short
01 Exchange VIRTUALUSDshort−0.0120%1h0.7203−0.029%$2K$13110x
Phoenix VIRTUAL−0.0045%1h0.7207+0.032%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0027%1h0.7210+0.068%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7211+0.077%$13K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.223%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0092%4h0.7208+0.040%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7218+0.175%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7211+0.088%$197K$84K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7209+0.055%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7206+0.019%$16.4M$37.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7203−0.029%$15.6M$15.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7206+0.013%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7207+0.026%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7204−0.015%$17.3M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7208+0.040%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7209+0.054%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7207+0.026%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7208+0.040%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7170−0.493%$525K$877Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7189−0.228%$19K$256K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7205−0.007%$638K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7192−0.182%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7211+0.082%$29K$882K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7208+0.040%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7208+0.038%$1K$9K5xas long as short
Extended VIRTUAL-USDlong+0.0104%1h0.7205long leg$53K$246K10x
Aevo VIRTUAL-PERP+0.0104%1h0.7209+0.049%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7209+0.058%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7211+0.082%$808K$809K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7225+0.276%$197K$96K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0508%1h0.7222+0.237%$587K$596K50xas long as short