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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0641%/8h= +70.2% APRnext payment +$0.80 per $10,000 · paid last 24h +0.064%
Price spread now: Kraken Futures against SoDEX+0.152%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.152% dearer against SoDEX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX VIRTUAL-USD0.72890.0100pay 0.0013% / 1h50m 02s$1K$9K5x
ShortKraken Futures PF_VIRTUALUSD0.73010.0741get 0.0093% / 1h50m 02s$606K$623K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$134.67
Price spread: +0.152% → 0.000%
$15.17
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$131.84
Costs to cover
0.180%
Break-even
0.1 days
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 23 min ago. 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 SoDEX no order-book sample
Sell Kraken Futures live order book, 23 min ago10.97 bp23.3 bp −$2349.5 bp −$495doesn't fitdoesn'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 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−0.0435%1h0.7290+0.007%$15K$40K10xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7303+0.180%$2410xas long as short
Phoenix VIRTUAL−0.0109%1h0.7348+0.801%$12K$40K5xas long as short
01 Exchange VIRTUALUSD−0.0088%1h0.7309+0.268%$2K$13110xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0010%1h0.7300+0.147%$9K150xas long as short
Lighter VIRTUAL+0.0032%1h0.7285−0.067%$331K$414K5xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.366%$46$88K5.5xas long as short
Gate VIRTUAL_USDT+0.0078%4h0.7311+0.295%$1.5M$2.9M75xas long as short
Orderly PERP_VIRTUAL_USDC+0.0088%4h0.7287−0.034%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7293+0.046%$199K$105K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7311+0.291%$72K$45K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7309+0.270%$16.9M$39.5M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7310+0.281%$16.4M$17.0M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7310+0.281%$2.9M$9.6M20xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7312+0.309%$18.5M$4.1M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7314+0.336%$4.4M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7315+0.350%$6.4M$5.6M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7310+0.281%$8.2Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7314+0.336%$248K$168K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7306+0.231%$548K$893Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7334+0.616%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7337+0.651%$651K$927K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7338+0.665%$40K$244K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7314+0.332%$51K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7295+0.075%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USDlong+0.0100%1h0.7289long leg$1K$9K5x
Extended VIRTUAL-USD+0.0104%1h0.7308+0.247%$58K$249K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7292+0.029%$18K3xas long as short
Hyperliquid VIRTUAL+0.0137%1h0.7321+0.435%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0300% / S −0.0228%1h0.7297+0.105%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7310+0.281%$821K$847K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7366+1.049%$200K$94K50xas long as short
Kraken Futures PF_VIRTUALUSDshort+0.0741%1h0.7301+0.152%$606K$623K50x