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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.027%
Price spread now: ApeX Omni against gTrade (Gains Network)−0.384%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 feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.384% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.384% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 14 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) VIRTUAL/USD0.7210L +0.0007% / S −0.0004%pay 0.0001% / 1h5m 10s$13K150x
ShortApeX Omni VIRTUALUSDT0.71820.0100get 0.0013% / 1h5m 10s$40K$245K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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
$19.6
Price spread: −0.384% → 0.000%
−$38.42
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$38.82
Costs to cover
0.200%
Break-even
20.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; ApeX Omni: live order book, 11 min ago. 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 gTrade (Gains Network) no order-book sample
Sell ApeX Omni live order book, 11 min ago6.95 bp15.0 bp −$1597.0 bp −$970doesn't fitdoesn't fit
gTrade (Gains Network): 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
Lighter VIRTUAL−0.0144%1h0.7205−0.071%$328K$414K5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7207−0.033%$2410xas long as short
01 Exchange VIRTUALUSD−0.0128%1h0.7199−0.148%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7176−0.474%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7210+0.004%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDlongL +0.0007% / S −0.0004%1h0.7210long leg$13K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.286%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0092%4h0.7208−0.024%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7221+0.161%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7212+0.028%$193K$91K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7196−0.189%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7211+0.017%$16.4M$37.8M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7211+0.018%$15.6M$15.9M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7211+0.018%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7212+0.032%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7210+0.004%$17.4M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7209−0.010%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7214+0.060%$6.1M$5.4M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7210+0.004%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7215+0.074%$240K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7185−0.349%$525K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7177−0.456%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7180−0.407%$636K$918K10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7182−0.384%$40K$245K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7210+0.001%$31K$889K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7210+0.004%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7209−0.003%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7208−0.025%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7194−0.222%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7211+0.018%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7211+0.018%$809K$811K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7206−0.051%$196K$96K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0508%1h0.7219+0.135%$587K$596K50xas long as short