VIRTUAL

Alert

Funding spread now, next payment 13:00 UTC+0.0448%/8h

paid, last 24h+0.011%paid, last 7 days+0.067%to open and close $10k−$28

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% 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	MEXC VIRTUAL_USDT	0.7081	0.0100	pay 0.0050% / 4h	3h 33m	$16.6M	$3.4M	100x
Short	Hyperliquid VIRTUAL	0.7097	0.0548	get 0.0069% / 1h	33m 16s	$9.7M	$2.9M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HyperliquidbpOrdersRate

Funding earned: $94.1
Slippage, 4 orders: −$19.17
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $65.93
Break-even: 2.1 days

Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 11 min ago.

Price risk

price view

Price gap now: +0.229%
Avg gap 7d: +0.077%

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 MEXC live order book, 2 min ago	0.71 bp	3.6 bp −$4	7.0 bp −$70	57.2 bp −$5,719	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.21 bp	9.8 bp −$10	doesn't fit	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
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	$2K	$539	10x	as long as short
Phoenix VIRTUAL	−0.0091%	1h	$11K	$45K	5x	as long as short
Polymarket Perps VIRTUAL-USD	−0.0036%	1h	$34K	$672K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	$5K	$11K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0003%	1h	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$105K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0081%	4h	$703K	$562K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0085%	4h	$14K	$1.4M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	$338K	$138K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	$183K	$73K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$77K	$14K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.7M	$32.6M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.7M	$14.5M	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	$1.5M	$2.8M	75x	as long as short
MEXC VIRTUAL_USDTlong	+0.0100%	4h	$16.6M	$3.4M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	$2.8M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.1M	$5.2M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$233K	$156K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$19K	$250K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$42K	$225K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.1M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	$224	$8K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$58K	$234K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0272%	1h	$186K	$133K	50x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	$30K	—	100x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0315%	1h	$444K	$486K	50x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$851K	$688K	75x	as long as short
Hyperliquid VIRTUALshort	+0.0548%	1h	$9.7M	$2.9M	5x