VIRTUAL

Alert

Funding spread now, next payment 15:00 UTC+0.0213%/8h

paid, last 24h+0.062%paid, last 5 days+0.297%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VIRTUAL	0.7072	−0.0113	get 0.0014% / 1h	57m 30s	$11K	$42K	5x
Short	KuCoin VIRTUALUSDTM	0.7075	0.0100	get 0.0050% / 4h	3h 57m	$3.0M	$4.3M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee KuCoinbpOrdersRate

Funding earned: $44.73
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $25.73
Break-even: 3.0 days

Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 7 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.037%
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 Phoenix no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 7 min ago	1.41 bp	17.2 bp −$17	46.3 bp −$463	doesn't fit	doesn't fit

Phoenix: 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	−0.0152%	1h	$2K	$131	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUALlong	−0.0113%	1h	$11K	$42K	5x
Lighter VIRTUAL	−0.0016%	1h	$323K	$380K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short
Variational Omni VIRTUAL	+0.0019%	4h	$595K	$801K	—	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	$43	$28K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0066%	4h	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$8.7M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$183K	$75K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	$73K	$41K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.3M	$37.2M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	$15.6M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.4M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$15.9M	$4.0M	100x	as long as short
KuCoin VIRTUALUSDTMshort	+0.0100%	4h	$3.0M	$4.3M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$232K	$171K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$256K	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	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	$202	$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
Deribit VIRTUAL_USDC-PERPETUAL	+0.0174%	1h	$15K	$40K	10x	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	$838K	$778K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0464%	1h	$194K	$119K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0772%	1h	$515K	$629K	50x	as long as short