VIRTUAL

Alert

Funding spread now, next payment 20:00 UTC+0.0364%/8h

paid, last 24h+0.043%paid, last 3 days+0.134%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VIRTUAL	0.7025	−0.0136	get 0.0068% / 4h	58m 10s	$529K	$847K	—
Short	GMX VIRTUAL/USD [WBTC.b-USDC]	0.7021	L +0.0296% / S −0.0228%	get 0.0029% / 1h	58m 10s	$30K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee GMXbpOrdersRate

Funding earned: $76.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $64.54
Break-even: 1.1 days

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.046%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 37 min ago	4.29 bp	doesn't fit	22.9 bp −$229	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter VIRTUAL	−0.0264%	1h	$319K	$388K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0138%	1h	$11K	$45K	5x	as long as short
Variational Omni VIRTUALlong	−0.0136%	4h	$529K	$847K	—
01 Exchange VIRTUALUSD	−0.0096%	1h	$2K	$131	10x	as long as short
Injective VIRTUAL/USDC PERP	−0.0086%	1h	$45	$28K	5.5x	as long as short
Bybit VIRTUALUSDT	−0.0062%	4h	$15.2M	$15.3M	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0035%	1h	$15K	$40K	10x	as long as short
Backpack VIRTUAL_USDC_PERP	−0.0024%	1h	$231K	$165K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	$12K	—	150x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0065%	4h	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	$8.6M	$3.6M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	$187K	$74K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	$72K	$40K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	$16.0M	$35.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	$2.7M	$9.4M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	$1.4M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	$16.2M	$3.8M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	$3.0M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	$6.0M	$5.2M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	—	$8.2M	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	$18K	$257K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	$40K	$241K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	$33K	$764K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	$2K	$1.2M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	$55K	$243K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]short	L +0.0296% / S −0.0228%	1h	$30K	—	100x
BloFin VIRTUAL-USDT	+0.0340%	4h	$816K	$750K	75x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0389%	1h	$512K	$488K	50x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	$191K	$115K	50x	as long as short