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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0272%/8h= +29.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.127%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.008%7-day average · you sell dearer than you buy
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) VIRTUAL/USD0.7174L +0.0007% / S −0.0005%pay 0.0001% / 1h1m 31s$14K150x
ShortKraken Futures PF_VIRTUALUSD0.71750.0278get 0.0035% / 1h1m 31s$528K$764K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$57.04
Price spread: +0.008% → 0.000%
$0.82
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$37.86
Costs to cover
0.200%
Break-even
2.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 47 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 Kraken Futures live order book, 47 min ago12.60 bp21.4 bp −$2147.3 bp −$473doesn'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
Deribit VIRTUAL_USDC-PERPETUAL−0.0308%1h0.7169−0.070%$15K$40K10xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7166−0.118%$2410xas long as short
01 Exchange VIRTUALUSD−0.0120%1h0.7165−0.126%$2K$10610xas long as short
Phoenix VIRTUAL−0.0112%1h0.7178+0.061%$11K$36K5xas long as short
Lighter VIRTUAL0.0000%1h0.7164−0.134%$326K$403K5xas long as short
gTrade (Gains Network) VIRTUAL/USDlongL +0.0007% / S −0.0005%1h0.7174long leg$14K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.795%$46$88K5.5xas long as short
Bybit VIRTUALUSDT+0.0037%4h0.7163−0.154%$16.3M$19.1M50xas long as short
Orderly PERP_VIRTUAL_USDC+0.0074%4h0.7172−0.028%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7171−0.046%$93K$302K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7171−0.037%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7167−0.098%$16.1M$42.3M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7169−0.070%$2.9M$10.1M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7172−0.028%$1.5M$3.5M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7165−0.126%$15.4M$5.1M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7173−0.014%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7169−0.070%$6.0M$6.0M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7169−0.070%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7175+0.014%$238K$206K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7170−0.053%$533K$914Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7168−0.086%$19K$262K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7168−0.084%$641K$1.0M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7185+0.153%$40K$237K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7166−0.112%$51K$1.0M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7167−0.098%$2K$1.4M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7171−0.035%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7164−0.146%$54K$303K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7169−0.069%$18K3xas long as short
Hyperliquid VIRTUAL+0.0104%1h0.7180+0.082%$8.8M$4.1M5xas long as short
Kraken Futures PF_VIRTUALUSDshort+0.0278%1h0.7175+0.008%$528K$764K50x
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0313% / S −0.0258%1h0.7174+0.002%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7172−0.028%$775K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7192+0.251%$200K$102K50xas long as short