Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against SunX+0.169%7-day average +0.007% · you sell dearer than you buy

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

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.314%−$31 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.169%, 7d avg +0.007%

Together, before fees−0.386%−$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.163% dearer against SunX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX VIRTUAL-USDT	0.7384	0.0100	pay 0.0050% / 4h	3h 10m	$2K	$1.3M	20x
Short	Polymarket Perps VIRTUAL-USD	0.7397	0.0100	get 0.0013% / 1h	10m 19s	$51K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.007%: $16.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $0.25
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Polymarket Perps: 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 SunX live order book, 4 min ago	500.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.71 bp	7.6 bp −$8	7.7 bp −$77	doesn't fit	doesn't fit

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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7387	+0.046%	$25	—	10x	as long as short
Phoenix VIRTUAL	−0.0109%	1h	0.7384	+0.004%	$12K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0048%	1h	0.7390	+0.081%	$2K	$131	10x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7388	+0.054%	$16K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7389	+0.069%	$4K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−3.616%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7387	+0.041%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7378	−0.084%	$334K	$419K	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7397	+0.182%	$202K	$159K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7397	+0.173%	$73K	$45K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7388	+0.051%	$17.2M	$39.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7388	+0.054%	$16.8M	$17.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7384	0.000%	$2.9M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7393	+0.122%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7387	+0.041%	$18.6M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7392	+0.108%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7384	0.000%	$6.4M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7389	+0.068%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7381	−0.041%	$250K	$165K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7369	−0.206%	$552K	$885K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7368	−0.223%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7375	−0.123%	$656K	$890K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7371	−0.176%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USDshort	+0.0100%	1h	0.7397	+0.169%	$51K	$1.1M	5x
SunX VIRTUAL-USDTlong	+0.0100%	4h	0.7384	long leg	$2K	$1.3M	20x
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7382	−0.033%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7379	−0.074%	$55K	$277K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7384	+0.001%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0208%	1h	0.7400	+0.219%	$9.2M	$4.1M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0301% / S −0.0228%	1h	0.7388	+0.049%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7376	−0.108%	$830K	$859K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7390	+0.081%	$201K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0732%	1h	0.7390	+0.076%	$612K	$651K	50x	as long as short