VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.007%

Price spread now: Gate against Orderly+0.238%7-day average +0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.238%, 7d avg +0.040%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.198% dearer against Orderly than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_VIRTUAL_USDC	0.7146	0.0073	pay 0.0037% / 4h	3h 58m	$16K	$1.8M	10x
Short	Gate VIRTUAL_USDT	0.7163	0.0100	get 0.0050% / 4h	3h 58m	$1.5M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now +0.238%Rate

Funding earned: $5.65
Price spread: +0.238% → +0.040%: $19.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $4.46
Costs to cover: 0.210%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.70 bp	16.8 bp −$17	93.8 bp −$938	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_VIRTUALUSD	−0.0225%	1h	0.7152	+0.080%	$516K	$743K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7147	+0.015%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7147	+0.020%	$11K	$36K	5x	as long as short
Variational Omni VIRTUAL	−0.0044%	4h	0.7142	−0.062%	$535K	$837K	—	as long as short
Bybit VIRTUALUSDT	−0.0041%	4h	0.7156	+0.140%	$16.3M	$18.8M	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7147	+0.014%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7148	+0.035%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.406%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0056%	1h	0.7154	+0.112%	$323K	$400K	5x	as long as short
Orderly PERP_VIRTUAL_USDClong	+0.0073%	4h	0.7146	long leg	$16K	$1.8M	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7163	+0.244%	$93K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7162	+0.226%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7162	+0.229%	$16.1M	$41.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7162	+0.224%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDTshort	+0.0100%	4h	0.7163	+0.238%	$1.5M	$3.2M	75x
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7160	+0.196%	$15.6M	$5.0M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7164	+0.252%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7160	+0.196%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7162	+0.224%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7156	+0.140%	$237K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7145	−0.012%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7151	+0.073%	$641K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7147	+0.014%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7148	+0.028%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7145	−0.014%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7147	+0.007%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7154	+0.114%	$55K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7147	+0.010%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7148	+0.027%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7148	+0.028%	$781K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7173	+0.378%	$200K	$100K	50x	as long as short
Hyperliquid VIRTUAL	+0.0537%	1h	0.7173	+0.381%	$8.8M	$3.8M	5x	as long as short
01 Exchange VIRTUALUSD	+0.6272%	1h	0.7298	+2.127%	$2K	$106	10x	as long as short