VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.004%

Price spread now: gTrade (Gains Network) against Injective+2.973%7-day average — · you sell dearer than you buy

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

Long on Injective Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 2.973% dearer against Injective than usual: you sell high and buy low (spread +2.973% now, against zero (this spread has no 7-day history yet)): +$297 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VIRTUAL/USDC PERP	0.7117	0.0033	pay 0.0004% / 1h	35m 04s	$46	$88K	5.5x
Short	gTrade (Gains Network) VIRTUAL/USD	0.7329	L +0.0007% / S −0.0010%	get 0.0001% / 1h	35m 04s	$9K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Injective. 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 InjectivebpFee gTrade (Gains Network)bpOrdersPrice spread, now +2.973%Rate

Funding earned: −$4.91
Price spread: +2.973% → 0.000%: $297.32
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $282.38
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): 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 Injective no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Injective and 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7321	+2.872%	$25	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7329	+2.979%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7322	+2.880%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7326	+2.937%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USDshort	L +0.0007% / S −0.0010%	1h	0.7329	+2.973%	$9K	—	150x
Lighter VIRTUAL	+0.0008%	1h	0.7324	+2.914%	$332K	$417K	5x	as long as short
Injective VIRTUAL/USDC PERPlong	+0.0033%	1h	0.7117	long leg	$46	$88K	5.5x
Orderly PERP_VIRTUAL_USDC	+0.0088%	4h	0.7326	+2.937%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7335	+3.060%	$200K	$155K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7337	+3.092%	$73K	$45K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7328	+2.965%	$17.0M	$39.3M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7329	+2.979%	$16.6M	$17.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7323	+2.894%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7329	+2.979%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7325	+2.923%	$18.5M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7332	+3.021%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7330	+2.993%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7331	+3.007%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7334	+3.049%	$249K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7338	+3.103%	$549K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7311	+2.726%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7302	+2.600%	$648K	$889K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7326	+2.937%	$40K	$243K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7329	+2.976%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7326	+2.937%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7323	+2.902%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7325	+2.916%	$56K	$279K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7325	+2.927%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0173%	1h	0.7342	+3.156%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7325	+2.920%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7329	+2.979%	$830K	$844K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7351	+3.288%	$200K	$92K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0738%	1h	0.7337	+3.090%	$605K	$634K	50x	as long as short