Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.028%
Price spread now: SunX against Kraken Futures−0.133%7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.154%+$15 on $10k
Price spread, last 3 days (all we have)−0.055%−$6 · spread now −0.133%, 7d avg −0.068%
Together, before fees+0.098%+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SunX is 0.066% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_VIRTUALUSD0.72060.0509pay 0.0064% / 1h5m 36s$586K$596K50x
ShortSunX VIRTUAL-USDT0.71960.0100get 0.0050% / 4h1h 05m$2K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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

Funding earned
−$85.88
Price spread: −0.133% → −0.068%
−$6.56
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$110.44
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 12 min ago; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 12 min ago11.81 bp21.5 bp −$2256.2 bp −$562doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago500.59 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

VIRTUAL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter VIRTUAL−0.0144%1h0.7191−0.199%$327K$414K5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7197−0.119%$2410xas long as short
01 Exchange VIRTUALUSD−0.0128%1h0.7199−0.092%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7176−0.418%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7203−0.036%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7199−0.097%$13K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.230%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0092%4h0.7196−0.133%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7203−0.035%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7192−0.186%$193K$91K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7196−0.132%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7195−0.147%$16.3M$37.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7195−0.147%$15.5M$15.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7197−0.119%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7191−0.203%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7195−0.147%$17.4M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7194−0.161%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7203−0.036%$6.1M$5.4M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7199−0.092%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7199−0.092%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7168−0.521%$525K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7177−0.399%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7180−0.351%$636K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7178−0.383%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7201−0.058%$27K$886K5xas long as short
SunX VIRTUAL-USDTshort+0.0100%4h0.7196−0.133%$2K$1.3M20x
SoDEX VIRTUAL-USD+0.0100%1h0.7195−0.154%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7197−0.118%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7187−0.261%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7199−0.086%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7183−0.314%$808K$808K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7206+0.006%$196K$96K50xas long as short
Kraken Futures PF_VIRTUALUSDlong+0.0509%1h0.7206long leg$586K$596K50x