Funding arb · Price arb /

VIRTUAL

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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: edgeX against OKX+0.503%71s7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.409% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.495%−$49 · spread now +0.503%, 7d avg −0.046%

Together, before fees−0.475%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.549% dearer against OKX than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VIRTUAL-USDT-SWAP	0.7255	0.0100	pay 0.0050% / 4h	24m 21s	$2.9M	$9.5M	20x
Short	edgeX VIRTUALUSDC	0.7291	0.0100	get 0.0050% / 4h	24m 21s	$19K	$257K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.503%Rate

Funding earned: $0
Price spread: +0.503% → −0.046%: $54.88
Slippage, 4 orders: −$21.92
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $13.95
Costs to cover: 0.409%
Break-even: from the start

Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 53 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 OKX live order book, 4 min ago	1.37 bp	15.1 bp −$15	41.2 bp −$412	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	2.09 bp	7.3 bp −$7	30.8 bp −$308	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0439%	1h	0.7257	+0.028%	$15K	$40K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0152%	1h	0.7259	+0.055%	$2K	$131	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7257	+0.027%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0080%	1h	0.7261	+0.084%	$330K	$415K	5x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7304	+0.677%	$11K	$40K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7264	+0.120%	$8K	—	150x	as long as short
SoDEX VIRTUAL-USD	+0.0022%	1h	0.7254	−0.021%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.902%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0091%	4h	0.7257	+0.028%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7273	+0.244%	$9.1M	$4.0M	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	0.7269	+0.196%	$200K	$102K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7268	+0.174%	$73K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7261	+0.087%	$16.5M	$38.6M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7258	+0.041%	$16.1M	$16.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAPlong	+0.0100%	4h	0.7255	long leg	$2.9M	$9.5M	20x
Gate VIRTUAL_USDT	+0.0100%	4h	0.7261	+0.083%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7261	+0.083%	$18.1M	$4.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7265	+0.138%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7260	+0.069%	$6.3M	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7263	+0.110%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7271	+0.221%	$246K	$169K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7281	+0.354%	$533K	$878K	—	as long as short
edgeX VIRTUALUSDCshort	+0.0100%	4h	0.7291	+0.503%	$19K	$257K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7296	+0.562%	$648K	$915K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7291	+0.496%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7265	+0.135%	$37K	$957K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7257	+0.028%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7252	−0.048%	$54K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7257	+0.027%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7263	+0.111%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7274	+0.262%	$820K	$847K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7305	+0.689%	$198K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0867%	1h	0.7269	+0.188%	$594K	$581K	50x	as long as short