VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0167%/8h= +18.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.046%

Price spread now: SoDEX against Phoenix+0.295%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SoDEX is 0.295% dearer against Phoenix than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VIRTUAL	0.7113	−0.0067	get 0.0008% / 1h	18m 42s	$11K	$36K	5x
Short	SoDEX VIRTUAL-USD	0.7134	0.0100	get 0.0013% / 1h	18m 42s	$1K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. 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 PhoenixbpFee SoDEXbpOrdersPrice spread, now +0.295%Rate

Funding earned: $35.16
Price spread: +0.295% → 0.000%: $29.53
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $49.68
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; SoDEX: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Phoenix and SoDEX: 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
Kraken Futures PF_VIRTUALUSD	−0.0337%	1h	0.7140	+0.384%	$518K	$741K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7134	+0.301%	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0104%	4h	0.7100	−0.172%	$532K	$837K	—	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7136	+0.330%	$2K	$106	10x	as long as short
Phoenix VIRTUALlong	−0.0067%	1h	0.7113	long leg	$11K	$36K	5x
Lighter VIRTUAL	−0.0056%	1h	0.7127	+0.200%	$322K	$403K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7135	+0.311%	$22K	—	150x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	+0.0030%	1h	0.7136	+0.330%	$15K	$40K	10x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.063%	$46	$88K	5.5x	as long as short
Bybit VIRTUALUSDT	+0.0056%	4h	0.7129	+0.232%	$16.2M	$18.8M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7135	+0.316%	$16K	$1.7M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7135	+0.321%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7134	+0.303%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7134	+0.301%	$16.1M	$42.1M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7134	+0.302%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7136	+0.330%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7133	+0.288%	$15.6M	$5.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7133	+0.288%	$3.0M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7134	+0.302%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7134	+0.302%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7140	+0.387%	$236K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7105	−0.109%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7106	−0.086%	$633K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7110	−0.035%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7133	+0.285%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7129	+0.232%	$1K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USDshort	+0.0100%	1h	0.7134	+0.295%	$1K	$9K	5x
Extended VIRTUAL-USD	+0.0104%	1h	0.7132	+0.273%	$53K	$304K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7135	+0.318%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0303%	1h	0.7144	+0.440%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7133	+0.288%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7131	+0.260%	$786K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7170	+0.808%	$200K	$100K	50x	as long as short