VIRTUAL

Alert

Funding spread now, next payment 16:00 UTC+0.0252%/8h

next payment, per $10,000+$0.32paid, last 24h−0.005%paid, last 5 days−0.149%to open and closeno order book

Long on Pacifica Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica VIRTUAL	0.7099	0.0100	pay 0.0013% / 1h	7m 49s	$73K	$42K	5x
Short	Kraken Futures PF_VIRTUALUSD	0.7100	0.0352	get 0.0044% / 1h	7m 49s	$516K	$624K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee Kraken FuturesbpOrdersRate

Funding earned: $52.99
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $34.99
Break-even: 2.4 days

Slippage unknown: Pacifica: no order-book sample; Kraken Futures: live order book, 42 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.016%
Avg gap 7d: —

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 Pacifica no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 42 min ago	6.30 bp	16.0 bp −$16	43.4 bp −$434	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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange VIRTUALUSD	−0.0160%	1h	$2K	$131	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0113%	1h	$11K	$42K	5x	as long as short
Variational Omni VIRTUAL	−0.0002%	4h	$595K	$801K	—	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	$15K	$41K	10x	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	$70K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0065%	4h	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	$323K	$374K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$8.8M	$3.7M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	$183K	$75K	20x	as long as short
Pacifica VIRTUALlong	+0.0100%	1h	$73K	$42K	5x
Binance VIRTUALUSDT	+0.0100%	4h	$16.4M	$37.3M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.7M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.4M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.4M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.0M	$4.0M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$236K	$169K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$255K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$40K	$241K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$32K	$795K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	$204	$8K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$244K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$837K	$777K	75x	as long as short
Kraken Futures PF_VIRTUALUSDshort	+0.0352%	1h	$516K	$624K	50x
Coinbase International VIRTUAL-PERP-INTX	+0.0432%	1h	$194K	$119K	50x	as long as short