VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0556%/8h= +60.9% APRpaid last 24h +0.109%

Price spread now: Coinbase International against Variational Omni+0.441%7-day average +0.321% · you sell dearer than you buy

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.330%+$33 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.441%, 7d avg +0.321%

Together, before fees+0.159%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 0.119% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.321%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VIRTUAL	0.7142	−0.0044	get 0.0022% / 4h	3h 58m	$535K	$837K	—
Short	Coinbase International VIRTUAL-PERP-INTX	0.7173	0.0512	get 0.0064% / 1h	58m 04s	$200K	$100K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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 Variational OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.441%Rate

Funding earned: $116.76
Price spread: +0.441% → +0.321%: $11.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $118.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Coinbase International: live order book, 40 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 Variational Omni RFQ quote, 41 min ago	4.21 bp	doesn't fit	23.8 bp −$238	doesn't fit	doesn't fit
Sell Coinbase International live order book, 40 min ago	7.71 bp	23.7 bp −$24	546.9 bp −$5,469	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
Kraken Futures PF_VIRTUALUSD	−0.0225%	1h	0.7158	+0.237%	$515K	$745K	50x	as long as short
Lighter VIRTUAL	−0.0200%	1h	0.7150	+0.124%	$323K	$400K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7159	+0.238%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7147	+0.082%	$11K	$36K	5x	as long as short
Variational Omni VIRTUALlong	−0.0044%	4h	0.7142	long leg	$535K	$837K	—
Bybit VIRTUALUSDT	−0.0041%	4h	0.7155	+0.189%	$16.3M	$18.8M	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7157	+0.221%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.344%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7158	+0.231%	$16K	$1.8M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7158	+0.237%	$93K	$302K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7162	+0.289%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7154	+0.175%	$16.1M	$41.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7158	+0.231%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7158	+0.231%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7154	+0.175%	$15.6M	$5.0M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7159	+0.245%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7157	+0.217%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7155	+0.189%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7159	+0.245%	$237K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7145	+0.050%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7151	+0.135%	$641K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7147	+0.077%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7165	+0.329%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7159	+0.245%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7154	+0.177%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7158	+0.236%	$55K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7155	+0.183%	$18K	—	3x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	+0.0169%	1h	0.7161	+0.273%	$15K	$40K	10x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7157	+0.213%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7148	+0.091%	$781K	$1.0M	75x	as long as short
Hyperliquid VIRTUAL	+0.0390%	1h	0.7165	+0.324%	$8.8M	$3.8M	5x	as long as short
Coinbase International VIRTUAL-PERP-INTXshort	+0.0512%	1h	0.7173	+0.441%	$200K	$100K	50x
01 Exchange VIRTUALUSD	+0.6272%	1h	0.7298	+2.191%	$2K	$106	10x	as long as short