VIRTUAL

Alert

Funding spread now, next payment 13:00 UTC−0.0201%/8h

paid, last 24h−0.076%paid, last 5 days−0.325%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VIRTUAL_USDT	0.7088	0.0100	pay 0.0050% / 4h	1h 58m	$1.5M	$2.9M	75x
Short	Phoenix VIRTUAL	0.7076	−0.0101	pay 0.0013% / 1h	58m 42s	$11K	$42K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee PhoenixbpOrdersRate

Funding earned: −$42.28
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$64.28
Break-even: never at this rate

Slippage unknown: Gate: live order book, 6 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.169%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Gate live order book, 6 min ago	3.53 bp	21.3 bp −$21	98.0 bp −$980	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_VIRTUALUSD	−0.0409%	1h	$449K	$525K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0314%	1h	$15K	$20K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0224%	1h	$2K	$539	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUALshort	−0.0101%	1h	$11K	$42K	5x
SoDEX VIRTUAL-USD	−0.0016%	1h	$211	$8K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$105K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0034%	4h	$713K	$595K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0078%	4h	$14K	$1.5M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter VIRTUAL	+0.0088%	1h	$353K	$279K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$9.3M	$3.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$184K	$78K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$71K	$37K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.6M	$35.0M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.6M	$15.2M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.2M	20x	as long as short
Gate VIRTUAL_USDTlong	+0.0100%	4h	$1.5M	$2.9M	75x
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.3M	$3.7M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$231K	$163K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$254K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$42K	$229K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$30K	$778K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$2K	$1.2M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$244K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$843K	$719K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0400%	1h	$194K	$149K	50x	as long as short