VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0451%/8h= −49.4% APRnext payment −$0.56 per $10,000 · paid last 24h −0.132%

Price spread now: Reya against GMX−0.058%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Reya is 0.058% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VIRTUAL/USD [WBTC.b-USDC]	0.7124	L +0.0312% / S −0.0258%	pay 0.0039% / 1h	25m 01s	$32K	—	100x
Short	Reya VIRTUALRUSDPERP	0.7120	−0.0139	pay 0.0017% / 1h	25m 01s	$24	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now −0.058%Rate

Funding earned: −$94.73
Price spread: −0.058% → 0.000%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$118.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX and Reya: 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
Kraken Futures PF_VIRTUALUSD	−0.0226%	1h	0.7125	+0.014%	$512K	$739K	50x	as long as short
Reya VIRTUALRUSDPERPshort	−0.0139%	1h	0.7120	−0.058%	$24	—	10x
Lighter VIRTUAL	−0.0112%	1h	0.7118	−0.087%	$322K	$402K	5x	as long as short
Bybit VIRTUALUSDT	−0.0089%	4h	0.7120	−0.059%	$16.2M	$18.7M	50x	as long as short
Variational Omni VIRTUAL	−0.0062%	4h	0.7097	−0.380%	$532K	$753K	—	as long as short
SoDEX VIRTUAL-USD	−0.0056%	1h	0.7121	−0.045%	$1K	$9K	5x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7122	−0.031%	$11K	$36K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0031%	1h	0.7122	−0.031%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7125	+0.008%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.101%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7122	−0.031%	$15K	$1.8M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7125	+0.010%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7126	+0.031%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7123	−0.016%	$15.9M	$41.7M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7127	+0.039%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7127	+0.039%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7122	−0.031%	$15.2M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7126	+0.025%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7124	−0.003%	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7124	−0.003%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7127	+0.039%	$237K	$176K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7103	−0.295%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7115	−0.131%	$629K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7107	−0.241%	$40K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7128	+0.053%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7126	+0.025%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7122	−0.028%	$53K	$312K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7123	−0.015%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0138%	1h	0.7135	+0.152%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]long	L +0.0312% / S −0.0258%	1h	0.7124	long leg	$32K	—	100x
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7122	−0.031%	$777K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7168	+0.615%	$200K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6248%	1h	0.7261	+1.920%	$2K	$106	10x	as long as short