VIRTUAL

Alert

Funding spread now, next payment 17:00 UTC−0.0672%/8h

next payment, per $10,000−$0.84paid, last 24h−0.008%paid, last 7 days−0.113%to open and close $10k−$51

Long on Kraken Futures Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 per $10,000. 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	0.7077	0.0772	pay 0.0097% / 1h	58m 48s	$513K	$627K	50x
Short	Polymarket Perps VIRTUAL-USD	0.7073	0.0100	get 0.0013% / 1h	58m 48s	$32K	$795K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$141.2
Slippage, 4 orders: −$32.87
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$192.07
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 51 min ago; Polymarket Perps: live order book, 51 min ago.

Price risk

price view

Price gap now: −0.056%
Avg gap 7d: −0.066%

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, 51 min ago	6.30 bp	19.7 bp −$20	55.9 bp −$559	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 51 min ago	2.10 bp	9.0 bp −$9	9.5 bp −$95	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	−0.0176%	1h	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0174%	1h	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0120%	1h	$322K	$379K	5x	as long as short
Phoenix VIRTUAL	−0.0113%	1h	$11K	$42K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short
Variational Omni VIRTUAL	+0.0019%	4h	$595K	$801K	—	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$28K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0065%	4h	$14K	$1.5M	10x	as long as short
SoDEX VIRTUAL-USD	+0.0085%	1h	$200	$8K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid VIRTUAL	+0.0100%	1h	$8.7M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$183K	$75K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$73K	$41K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.3M	$37.2M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.5M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.4M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$15.9M	$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	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$234K	$170K	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-USDshort	+0.0100%	1h	$32K	$795K	5x
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.3M	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 +0.0297% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$838K	$778K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0464%	1h	$194K	$119K	50x	as long as short
Kraken Futures PF_VIRTUALUSDlong	+0.0772%	1h	$513K	$627K	50x