VIRTUAL

Alert

Funding spread now, next payment 17:00 UTC−0.0668%/8h

paid, last 24h0.000%paid, last 7 days+0.082%to open and close $10k−$62

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_VIRTUALUSD	0.7114	0.0768	pay 0.0096% / 1h	45m 13s	$519K	$632K	50x
Short	OKX VIRTUAL-USDT-SWAP	0.7094	0.0100	get 0.0050% / 4h	3h 45m	$2.8M	$10.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OKXbpOrdersRate

Funding earned: −$140.35
Slippage, 4 orders: −$42.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$202.74
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; OKX: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.283%
Avg gap 7d: −0.065%

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 Kraken Futures live order book, 64 min ago	6.30 bp	19.7 bp −$20	55.9 bp −$559	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.71 bp	12.1 bp −$12	35.8 bp −$358	doesn't fit	doesn't fit

VIRTUAL on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange VIRTUALUSD	−0.0144%	1h	$2K	$131	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0090%	1h	$11K	$46K	5x	as long as short
Lighter VIRTUAL	0.0000%	1h	$323K	$411K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short
Gate VIRTUAL_USDT	+0.0014%	4h	$1.4M	$3.0M	75x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$28K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0044%	4h	$597K	$801K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0066%	4h	$14K	$1.5M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid VIRTUAL	+0.0100%	1h	$8.8M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$184K	$75K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$73K	$41K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.4M	$37.3M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.7M	$16.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAPshort	+0.0100%	4h	$2.8M	$10.3M	20x
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.0M	$4.0M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$236K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$256K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$40K	$241K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$34K	$797K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	$207	$8K	5x	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 +0.0297% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$832K	$790K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0464%	1h	$194K	$119K	50x	as long as short
Kraken Futures PF_VIRTUALUSDlong	+0.0768%	1h	$519K	$632K	50x