VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.058%

Price spread now: Reya against Polymarket Perps−0.088%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.088% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VIRTUAL-USD	0.7228	0.0100	pay 0.0013% / 1h	45m 21s	$52K	$1.1M	5x
Short	Reya VIRTUALRUSDPERP	0.7222	−0.0139	pay 0.0017% / 1h	45m 21s	$24	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Polymarket Perps. 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 Polymarket PerpsbpFee ReyabpOrdersPrice spread, now −0.088%Rate

Funding earned: −$50.22
Price spread: −0.088% → 0.000%: −$8.84
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$73.06
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Reya: 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 Polymarket Perps live order book, 3 min ago	1.79 bp	5.8 bp −$6	6.0 bp −$60	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0303%	1h	0.7231	+0.037%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERPshort	−0.0139%	1h	0.7222	−0.088%	$24	—	10x
01 Exchange VIRTUALUSD	−0.0080%	1h	0.7223	−0.073%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7225	−0.044%	$4K	—	150x	as long as short
Phoenix VIRTUAL	+0.0011%	1h	0.7241	+0.180%	$11K	$46K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.540%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0040%	1h	0.7221	−0.095%	$328K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7223	−0.073%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7232	+0.047%	$8.9M	$4.2M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7230	+0.025%	$171K	$194K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7231	+0.035%	$71K	$45K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7223	−0.068%	$16.6M	$41.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7223	−0.073%	$16.4M	$17.9M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7222	−0.087%	$2.9M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7225	−0.046%	$1.4M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7227	−0.018%	$17.7M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7231	+0.037%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7228	−0.004%	$6.2M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7227	−0.018%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7235	+0.093%	$246K	$176K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7231	+0.043%	$528K	$900K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7239	+0.150%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7261	+0.452%	$643K	$878K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7242	+0.190%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USDlong	+0.0100%	1h	0.7228	long leg	$52K	$1.1M	5x
SunX VIRTUAL-USDT	+0.0100%	4h	0.7226	−0.032%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7232	+0.047%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7223	−0.072%	$57K	$275K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7230	+0.019%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7232	+0.055%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7252	+0.328%	$826K	$858K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7274	+0.632%	$197K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.1019%	1h	0.7242	+0.188%	$598K	$661K	50x	as long as short