Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0277%/8h= +30.3% APRpaid last 24h +0.081%

Price spread now: BloFin against SoDEX−0.014%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX VIRTUAL-USD	0.7135	0.0063	pay 0.0008% / 1h	7m 15s	$1K	$9K	5x
Short	BloFin VIRTUAL-USDT	0.7134	0.0340	get 0.0170% / 4h	1h 07m	$771K	$937K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $58.2
Price spread: −0.014% → 0.000%: −$1.4
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $36.79
Costs to cover: 0.200%
Break-even: 2.6 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 3 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	6.31 bp	15.2 bp −$15	23.1 bp −$231	68.5 bp −$6,853	doesn't fit

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 exchanges

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	−0.0310%	1h	0.7136	+0.014%	$25K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7133	−0.026%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0112%	1h	0.7131	−0.049%	$324K	$376K	5x	as long as short
Phoenix VIRTUAL	−0.0111%	1h	0.7136	+0.008%	$11K	$32K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7138	+0.046%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.252%	$46	$88K	5.5x	as long as short
SoDEX VIRTUAL-USDlong	+0.0063%	1h	0.7135	long leg	$1K	$9K	5x
Kraken Futures PF_VIRTUALUSD	+0.0064%	1h	0.7144	+0.122%	$565K	$745K	50x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0082%	4h	0.7133	−0.028%	$15K	$1.7M	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0083%	1h	0.7135	+0.003%	$35K	$1.0M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VIRTUAL	+0.0100%	1h	0.7144	+0.125%	$8.9M	$3.5M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7138	+0.044%	$100K	$306K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7140	+0.064%	$70K	$39K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7129	−0.084%	$15.9M	$40.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7134	−0.014%	$16.8M	$18.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7135	0.000%	$2.8M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7137	+0.028%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7131	−0.056%	$14.5M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7139	+0.056%	$3.4M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7137	+0.028%	$6.1M	$5.2M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7134	−0.014%	—	$7.7M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7139	+0.056%	$243K	$180K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7124	−0.159%	$676K	$577K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7132	−0.047%	$19K	$253K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7137	+0.025%	$638K	$1.5M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7135	0.000%	$40K	$233K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7136	+0.014%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7133	−0.032%	$54K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7131	−0.049%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7130	−0.066%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDTshort	+0.0340%	4h	0.7134	−0.014%	$771K	$937K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7167	+0.448%	$201K	$94K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6440%	1h	0.7405	+3.784%	$2K	$393	10x	as long as short