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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0005%/8h= −0.5% APRnext payment $0.01 per $10,000 · paid last 24h +0.002%
Price spread now: 01 Exchange against Reya+0.104%52s7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.104% dearer against Reya than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7180−0.0139get 0.0017% / 1h20m 42s$2410x
Short01 Exchange VIRTUALUSD0.7187−0.0144pay 0.0018% / 1h20m 42s$2K$10610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$1.04
Price spread: +0.104% → 0.000%
$10.44
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$3.6
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Reya and 01 Exchange: 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
Lighter VIRTUAL−0.0200%1h0.7174−0.071%$327K$406K5xas long as short
01 Exchange VIRTUALUSDshort−0.0144%1h0.7187+0.104%$2K$10610x
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7180long leg$2410x
Phoenix VIRTUAL−0.0022%1h0.7176−0.043%$11K$37K5xas long as short
SoDEX VIRTUAL-USD−0.0001%1h0.7177−0.042%$1K$9K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7180+0.007%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7180+0.003%$14K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.871%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0088%4h0.7182+0.035%$14K$1.4M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7183+0.046%$8.8M$4.1M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7180+0.005%$94K$299K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7183+0.044%$71K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7189+0.132%$16.3M$41.0M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7187+0.104%$16.6M$18.6M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7192+0.174%$2.9M$9.9M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7188+0.118%$1.5M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7187+0.104%$16.2M$4.8M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7175−0.063%$3.0M$4.3M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7190+0.146%$6.2M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7187+0.104%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7178−0.021%$238K$214K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7174−0.080%$537K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7160−0.278%$19K$261K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7162−0.244%$635K$953K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7163−0.230%$40K$237K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7182+0.039%$54K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7180+0.007%$1K$1.3M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7187+0.105%$57K$253K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7177−0.034%$18K3xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0299% / S −0.0228%1h0.7182+0.041%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7173−0.091%$798K$950K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7214+0.481%$201K$104K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0487%1h0.7189+0.132%$589K$669K50xas long as short