VIRTUAL

Alert

Funding spread now, next payment 18:00 UTC−0.0260%/8h

next payment, per $10,000−$0.33paid, last 24h−0.006%paid, last 5 days−0.305%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica VIRTUAL	0.7034	0.0100	pay 0.0013% / 1h	36m 48s	$72K	$41K	5x
Short	Lighter VIRTUAL	0.7022	−0.0160	pay 0.0020% / 1h	36m 48s	$319K	$389K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee LighterbpOrdersRate

Funding earned: −$54.6
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.6
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Lighter: live order book, 60 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.175%
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 Lighter live order book, 60 min ago	2.61 bp	6.8 bp −$7	54.9 bp −$549	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0319%	1h	$15K	$40K	10x	as long as short
Bybit VIRTUALUSDT	−0.0289%	4h	$15.4M	$15.5M	50x	as long as short
01 Exchange VIRTUALUSD	−0.0216%	1h	$2K	$131	10x	as long as short
Lighter VIRTUALshort	−0.0160%	1h	$319K	$389K	5x
Phoenix VIRTUAL	−0.0159%	1h	$11K	$54K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0111%	4h	$569K	$805K	—	as long as short
SoDEX VIRTUAL-USD	−0.0090%	1h	$1K	$9K	5x	as long as short
ApeX Omni VIRTUALUSDT	−0.0016%	1h	$40K	$241K	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$28K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0056%	4h	$14K	$1.5M	10x	as long as short
Gate VIRTUAL_USDT	+0.0090%	4h	$1.4M	$3.0M	75x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$8.7M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$182K	$58K	20x	as long as short
Pacifica VIRTUALlong	+0.0100%	1h	$72K	$41K	5x
Binance VIRTUALUSDT	+0.0100%	4h	$16.0M	$36.1M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.7M	$9.8M	20x	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	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$231K	$172K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$256K	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$33K	$796K	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	$245K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0189%	1h	$513K	$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	$822K	$764K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	$193K	$119K	50x	as long as short