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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.070%
Price spread now: Pacifica against 01 Exchange+0.089%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Pacifica is 0.089% dearer against 01 Exchange than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange VIRTUALUSD0.7149−0.0160get 0.0020% / 1h9m 18s$2K$10610x
ShortPacifica VIRTUAL0.71550.0100get 0.0013% / 1h9m 18s$70K$43K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against 01 Exchange. 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
$54.6
Price spread: +0.089% → 0.000%
$8.87
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$48.47
Costs to cover
0.150%
Break-even
0.8 days
Slippage unknown: 01 Exchange: no order-book sample; Pacifica: no order-book sample. 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 01 Exchange no order-book sample
Sell Pacifica no order-book sample
01 Exchange and Pacifica: 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−0.0589%1h0.7146−0.042%$15K$40K10xas long as short
Lighter VIRTUAL−0.0224%1h0.7139−0.145%$324K$407K5xas long as short
01 Exchange VIRTUALUSDlong−0.0160%1h0.7149long leg$2K$10610x
Reya VIRTUALRUSDPERP−0.0139%1h0.7145−0.052%$2410xas long as short
SoDEX VIRTUAL-USD−0.0050%1h0.7140−0.119%$1K$9K5xas long as short
Phoenix VIRTUAL−0.0022%1h0.7175+0.366%$11K$37K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7149+0.007%$14K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.448%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0083%4h0.7147−0.028%$14K$1.4M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7161+0.164%$8.8M$4.1M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7148−0.017%$93K$299K20xas long as short
Pacifica VIRTUALshort+0.0100%1h0.7155+0.089%$70K$43K5x
Binance VIRTUALUSDT+0.0100%4h0.7143−0.084%$16.1M$41.2M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7142−0.098%$16.5M$18.6M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7145−0.056%$2.8M$9.8M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7152+0.042%$1.5M$3.4M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7141−0.112%$16.0M$4.8M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7146−0.042%$3.0M$4.3M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7150+0.014%$6.1M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7144−0.070%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7152+0.042%$237K$214K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7155+0.086%$536K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7173+0.341%$19K$260K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7173+0.336%$637K$974K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7181+0.448%$40K$238K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7152+0.045%$53K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7153+0.056%$1K$1.3M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7140−0.124%$57K$259K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7142−0.103%$18K3xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0315% / S −0.0264%1h0.7147−0.026%$33K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7141−0.112%$792K$947K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7200+0.713%$201K$104K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0489%1h0.7152+0.043%$586K$670K50xas long as short