Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica+0.244%51s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.244% dearer against Pacifica than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	Pacifica VIRTUAL	0.7098	0.0100	pay 0.0013% / 1h	30m 01s	$70K	$40K	5x
Short	ApeX Omni VIRTUALUSDT	0.7115	0.0100	get 0.0013% / 1h	30m 01s	$40K	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → 0.000%: $24.37
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $6.37
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; ApeX Omni: live order book, 14 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 Pacifica no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 14 min ago	5.60 bp	14.8 bp −$15	94.2 bp −$942	doesn't fit	doesn't fit

Pacifica: 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 exchanges

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
Lighter VIRTUAL	−0.0192%	1h	0.7095	−0.039%	$323K	$368K	5x	as long as short
Polymarket Perps VIRTUAL-USD	−0.0179%	1h	0.7099	+0.024%	$33K	$1.0M	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0172%	1h	0.7100	+0.032%	$25K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7096	−0.023%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0111%	1h	0.7081	−0.230%	$11K	$32K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0020%	1h	0.7098	+0.001%	$1K	$9K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7093	−0.073%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.272%	$46	$88K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0059%	4h	0.7096	−0.019%	$673K	$816K	—	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0064%	1h	0.7105	+0.108%	$556K	$742K	50x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0084%	4h	0.7100	+0.032%	$14K	$1.8M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7115	+0.241%	$8.8M	$3.5M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7104	+0.095%	$99K	$306K	20x	as long as short
Pacifica VIRTUALlong	+0.0100%	1h	0.7098	long leg	$70K	$40K	5x
Binance VIRTUALUSDT	+0.0100%	4h	0.7103	+0.077%	$15.8M	$40.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7101	+0.046%	$16.5M	$18.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7099	+0.018%	$2.7M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7101	+0.046%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7102	+0.061%	$14.5M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7101	+0.046%	$3.3M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7110	+0.173%	$6.1M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7105	+0.103%	—	$7.8M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7110	+0.173%	$244K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7082	−0.225%	$19K	$254K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7083	−0.207%	$629K	$1.5M	10x	as long as short
ApeX Omni VIRTUALUSDTshort	+0.0100%	1h	0.7115	+0.244%	$40K	$234K	50x
SunX VIRTUAL-USDT	+0.0100%	4h	0.7103	+0.075%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7097	−0.013%	$54K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7097	−0.010%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0311% / S −0.0258%	1h	0.7103	+0.073%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7081	−0.235%	$774K	$933K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7167	+0.976%	$201K	$96K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6224%	1h	0.7228	+1.836%	$2K	$27	10x	as long as short