Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.014%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$610.615% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.014%, 7d avg −0.002%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VIRTUALUSDTM	0.7176	0.0100	pay 0.0050% / 4h	2h 09m	$4.4M	$4.2M	50x
Short	Bitget VIRTUALUSDT	0.7175	0.0100	get 0.0050% / 4h	2h 09m	$6.1M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.002%: −$1.18
Slippage, 4 orders: −$37.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.68
Costs to cover: 0.615%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 9 min ago.

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 KuCoin live order book, 8 min ago	3.47 bp	25.3 bp −$25	53.4 bp −$534	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	2.78 bp	11.1 bp −$11	30.6 bp −$306	doesn't fit	doesn't fit

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
Injective VIRTUAL/USDC PERP	−0.0160%	1h	0.7117	−0.822%	$46	$88K	5.5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7166	−0.133%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7176	+0.003%	$11K	$45K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0088%	1h	0.7168	−0.111%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0028%	1h	0.7181	+0.070%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7183	+0.100%	$12K	—	150x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0083%	4h	0.7182	+0.084%	$14K	$1.5M	10x	as long as short
Variational Omni VIRTUAL	+0.0094%	4h	0.7166	−0.134%	$526K	$878K	—	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7167	−0.124%	$326K	$391K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7177	+0.010%	$8.7M	$3.7M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7174	−0.025%	$195K	$82K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7170	−0.078%	$72K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7168	−0.111%	$16.4M	$37.3M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7167	−0.125%	$15.5M	$15.5M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7166	−0.139%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7174	−0.028%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7163	−0.181%	$17.3M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTMlong	+0.0100%	4h	0.7176	long leg	$4.4M	$4.2M	50x
Bitget VIRTUALUSDTshort	+0.0100%	4h	0.7175	−0.014%	$6.1M	$5.3M	25x
BingX VIRTUAL-USDT	+0.0100%	4h	0.7170	−0.084%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7176	0.000%	$236K	$159K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7171	−0.063%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7182	+0.083%	$636K	$965K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7170	−0.084%	$40K	$246K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7172	−0.053%	$27K	$815K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7182	+0.084%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7176	−0.007%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7167	−0.130%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7179	+0.047%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	0.7183	+0.099%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7173	−0.042%	$814K	$796K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7203	+0.376%	$196K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0523%	1h	0.7191	+0.211%	$537K	$544K	50x	as long as short