VIRTUAL

Alert

Funding spread now, next payment 20:00 UTC+0.0039%/8h

next payment, per $10,000+$0.20paid, last 24h+0.014%paid, last 5 days+0.076%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_VIRTUAL_USDC	0.7009	0.0061	pay 0.0030% / 4h	2h 13m	$14K	$1.5M	10x
Short	KuCoin VIRTUALUSDTM	0.7000	0.0100	get 0.0050% / 4h	2h 13m	$3.1M	$4.2M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee KuCoinbpOrdersRate

Funding earned: $8.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.72
Break-even: 15.2 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, just now. Net counts fees only.

Price risk

price view

Price gap now: −0.128%
Avg gap 7d: +0.033%

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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, just now	1.43 bp	19.7 bp −$20	55.6 bp −$556	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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit VIRTUALUSDT	−0.0217%	4h	$15.3M	$15.3M	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0178%	1h	$15K	$40K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0168%	1h	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0159%	1h	$11K	$54K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$23	—	10x	as long as short
Variational Omni VIRTUAL	−0.0131%	4h	$563K	$811K	—	as long as short
Lighter VIRTUAL	−0.0096%	1h	$318K	$389K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$28K	5.5x	as long as short
Gate VIRTUAL_USDT	+0.0042%	4h	$1.4M	$3.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX VIRTUAL-USD	+0.0043%	1h	$1K	$9K	5x	as long as short
ApeX Omni VIRTUALUSDT	+0.0053%	1h	$40K	$241K	50x	as long as short
Orderly PERP_VIRTUAL_USDClong	+0.0061%	4h	$14K	$1.5M	10x
Hyperliquid VIRTUAL	+0.0100%	1h	$8.6M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$182K	$57K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$72K	$41K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.0M	$35.6M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.7M	$9.7M	20x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.0M	$4.0M	100x	as long as short
KuCoin VIRTUALUSDTMshort	+0.0100%	4h	$3.1M	$4.2M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$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	$230K	$170K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$257K	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$33K	$774K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$1K	$1.2M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$243K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$17K	$505	3x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0189%	1h	$512K	$545K	50x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0296% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$817K	$761K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	$193K	$119K	50x	as long as short