data as of
Settings8H · net · $10k
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Funding arb /

VIRTUAL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.0045%/8h
paid, last 24h−0.031%paid, last 5 days−0.169%to open and closeno order book
Long on HyperliquidShort on Orderly
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid VIRTUAL0.70160.0100pay 0.0013% / 1h41m 29s$8.7M$3.7M5x
ShortOrderly PERP_VIRTUAL_USDC0.70090.0055get 0.0028% / 4h2h 41m$14K$1.5M10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$9.36
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$24.36
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.105%
Avg gap 7d
−0.110%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago0.07 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample—————
Orderly: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit VIRTUAL_USDC-PERPETUAL−0.0605%1h$15K$40K10xas long as short
Bybit VIRTUALUSDT−0.0303%4h$15.3M$15.5M50xas long as short
01 Exchange VIRTUALUSD−0.0224%1h$2K$13110xas long as short
Lighter VIRTUAL−0.0216%1h$318K$389K5xas long as short
Phoenix VIRTUAL−0.0159%1h$11K$54K5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h$23—10xas long as short
SoDEX VIRTUAL-USD−0.0136%1h$1K$9K5xas long as short
Variational Omni VIRTUAL−0.0077%4h$575K$805K—as long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h$12K—150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h$43$28K5.5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_VIRTUAL_USDCshort+0.0055%4h$14K$1.5M10x
ApeX Omni VIRTUALUSDT+0.0058%1h$40K$241K50xas long as short
Gate VIRTUAL_USDT+0.0086%4h$1.4M$3.0M75xas long as short
Hyperliquid VIRTUALlong+0.0100%1h$8.7M$3.7M5x
Aster VIRTUALUSDT+0.0100%4h$182K$58K20xas long as short
Pacifica VIRTUAL+0.0100%1h$72K$41K5xas long as short
Binance VIRTUALUSDT+0.0100%4h$16.0M$36.2M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h$2.7M$9.8M20xas long as short
MEXC VIRTUAL_USDT+0.0100%4h$16.0M$4.0M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h$3.0M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h$6.0M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h—$8.1M—as long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h$230K$174K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h$18K$257K10xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h$33K$796K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h$2K$1.2M20xas long as short
Extended VIRTUAL-USD+0.0104%1h$55K$245K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h$17K$5053xas long as short
Kraken Futures PF_VIRTUALUSD+0.0189%1h$513K$546K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0296% / S −0.0228%1h$30K—100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h$818K$758K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h$193K$119K50xas long as short