Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: edgeX against gTrade (Gains Network)+0.265%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on edgeX

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 days—no price history on both exchanges yet

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.265% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) VIRTUAL/USD	0.7178	L +0.0007% / S −0.0001%	pay 0.0001% / 1h	6m 52s	$4K	—	150x
Short	edgeX VIRTUALUSDC	0.7197	0.0100	get 0.0050% / 4h	1h 06m	$19K	$260K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now +0.265%Rate

Funding earned: $19.6
Price spread: +0.265% → 0.000%: $26.54
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $27.15
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 56 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 56 min ago	2.77 bp	8.4 bp −$8	26.1 bp −$261	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VIRTUAL_USDC-PERPETUAL	−0.0307%	1h	0.7176	−0.031%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7172	−0.080%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0064%	1h	0.7174	−0.059%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	0.0000%	1h	0.7210	+0.443%	$11K	$37K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USDlong	L +0.0007% / S −0.0001%	1h	0.7178	long leg	$4K	—	150x
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.853%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0088%	1h	0.7163	−0.208%	$325K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7177	−0.017%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7176	−0.036%	$8.8M	$4.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7177	−0.022%	$97K	$291K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7181	+0.033%	$71K	$42K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7169	−0.128%	$16.4M	$40.2M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7165	−0.184%	$16.6M	$18.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7168	−0.142%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7173	−0.072%	$1.4M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7171	−0.100%	$17.8M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7169	−0.128%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7167	−0.156%	$6.1M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7168	−0.142%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7177	−0.017%	$238K	$202K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7206	+0.389%	$536K	$909K	—	as long as short
edgeX VIRTUALUSDCshort	+0.0100%	4h	0.7197	+0.265%	$19K	$260K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7190	+0.158%	$641K	$867K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7196	+0.248%	$41K	$240K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7179	+0.014%	$52K	$989K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7177	−0.017%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7173	−0.075%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7164	−0.200%	$54K	$270K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7175	−0.044%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7177	−0.013%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7174	−0.059%	$810K	$893K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7197	+0.262%	$188K	$78K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0911%	1h	0.7184	+0.085%	$597K	$663K	50x	as long as short