VIRTUAL

Alert

Funding spread now, next payment 15:00 UTC+0.0471%/8h

paid, last 24h0.000%paid, last 7 days+0.195%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VIRTUAL-USD	0.7091	−0.0371	get 0.0046% / 1h	57m 09s	$30K	$778K	5x
Short	Bybit VIRTUALUSDT	0.7093	0.0100	get 0.0050% / 4h	1h 57m	$15.6M	$15.2M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BybitbpOrdersRate

Funding earned: $98.82
Slippage, 4 orders: −$16.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $63.31
Break-even: 2.5 days

Slippage from Polymarket Perps: live order book, 62 min ago; Bybit: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.027%
Avg gap 7d: −0.056%

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 Polymarket Perps live order book, 62 min ago	2.96 bp	7.9 bp −$8	8.0 bp −$80	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.71 bp	9.9 bp −$10	23.3 bp −$233	148.9 bp −$14.9K	doesn't fit

VIRTUAL on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_VIRTUALUSD	−0.0409%	1h	$449K	$525K	50x	as long as short
Polymarket Perps VIRTUAL-USDlong	−0.0371%	1h	$30K	$778K	5x
01 Exchange VIRTUALUSD	−0.0240%	1h	$2K	$539	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	$11K	$42K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0032%	1h	$15K	$20K	10x	as long as short
SoDEX VIRTUAL-USD	−0.0024%	1h	$216	$8K	5x	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	$105K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0034%	4h	$713K	$595K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0078%	4h	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	$353K	$279K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$9.4M	$3.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$184K	$78K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$71K	$37K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.6M	$35.0M	75x	as long as short
Bybit VIRTUALUSDTshort	+0.0100%	4h	$15.6M	$15.2M	50x
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.8M	$10.2M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.4M	$3.7M	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	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.3M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	$231K	$163K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$252K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$42K	$234K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$2K	$1.2M	20x	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 +0.0298% / S −0.0228%	1h	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	$847K	$719K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0400%	1h	$194K	$149K	50x	as long as short