Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0140%/8h= +15.4% APRnext payment +$0.18 per $10,000 · paid last 24h +0.043%
Price spread now: gTrade (Gains Network) against Reya0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7218−0.0139get 0.0017% / 1h29m 22s$2410x
ShortgTrade (Gains Network) VIRTUAL/USD0.7218L +0.0007% / S −0.0001%get 0.0000% / 1h29m 22s$4K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Reya. 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

Funding earned
$29.49
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$13.5
Costs to cover
0.160%
Break-even
3.8 days
Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell gTrade (Gains Network) no order-book sample
Reya and gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit VIRTUAL_USDC-PERPETUAL−0.0165%1h0.7223+0.063%$15K$40K10xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7218long leg$2410x
01 Exchange VIRTUALUSD−0.0056%1h0.7214−0.062%$2K$13110xas long as short
Phoenix VIRTUAL0.0000%1h0.7230+0.155%$11K$37K5xas long as short
gTrade (Gains Network) VIRTUAL/USDshortL +0.0007% / S −0.0001%1h0.72180.000%$4K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.406%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0090%4h0.7217−0.020%$14K$1.5M10xas long as short
Lighter VIRTUAL+0.0096%1h0.7216−0.033%$328K$413K5xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7228+0.133%$8.9M$4.1M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7223+0.068%$98K$291K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7222+0.051%$71K$42K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7217−0.018%$16.5M$40.3M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7215−0.048%$16.7M$18.1M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7215−0.048%$2.9M$9.7M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7221+0.035%$1.4M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7220+0.021%$17.5M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7221+0.035%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7222+0.049%$6.2M$6.0M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7218−0.007%$8.0Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7221+0.035%$239K$161K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7235+0.229%$538K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7217−0.022%$19K$261K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7239+0.283%$640K$868K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7239+0.284%$41K$240K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7225+0.085%$52K$993K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7230+0.160%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7220+0.028%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7217−0.021%$54K$274K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7222+0.055%$18K3xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0299% / S −0.0228%1h0.7218−0.008%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7240+0.298%$815K$851K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7247+0.395%$189K$79K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0905%1h0.7232+0.190%$603K$660K50xas long as short