VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.009%

Price spread now: SunX against Orderly−0.027%7-day average +0.023% · you buy dearer than you sell

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.027%, 7d avg +0.023%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.050% cheaper against Orderly than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.023%). If the spread goes back, that is −$5 on $10k: about 14 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.243% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_VIRTUAL_USDC	0.7342	0.0088	pay 0.0044% / 4h	3h 35m	$14K	$1.5M	10x
Short	SunX VIRTUAL-USDT	0.7340	0.0100	get 0.0050% / 4h	3h 35m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $2.45
Price spread: −0.027% → +0.023%: −$5.03
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.58
Costs to cover: 0.140%
Break-even: 54.4 days

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	501.23 bp	doesn't fit	doesn't fit	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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7338	−0.059%	$25	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7327	−0.206%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7336	−0.082%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7339	−0.035%	$9K	—	150x	as long as short
Lighter VIRTUAL	+0.0008%	1h	0.7330	−0.163%	$333K	$417K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	+0.0022%	1h	0.7343	+0.014%	$15K	$40K	10x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−3.065%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDClong	+0.0088%	4h	0.7342	long leg	$14K	$1.5M	10x
Aster VIRTUALUSDT	+0.0100%	4h	0.7344	+0.022%	$200K	$155K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7337	−0.067%	$73K	$45K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7334	−0.109%	$17.0M	$39.3M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7333	−0.123%	$16.6M	$17.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7331	−0.150%	$2.9M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7337	−0.068%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7333	−0.123%	$18.5M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7337	−0.068%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7337	−0.068%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7335	−0.095%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7345	+0.041%	$249K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7338	−0.056%	$549K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7311	−0.422%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7302	−0.544%	$648K	$889K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7310	−0.436%	$40K	$243K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7347	+0.064%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDTshort	+0.0100%	4h	0.7340	−0.027%	$1K	$1.3M	20x
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7341	−0.011%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7336	−0.086%	$56K	$261K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7340	−0.028%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0169%	1h	0.7347	+0.061%	$9.2M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7340	−0.025%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7328	−0.191%	$833K	$844K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7343	+0.014%	$199K	$92K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0736%	1h	0.7352	+0.139%	$607K	$634K	50x	as long as short