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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0404%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h +0.026%
Price spread now: Kraken Futures against Aevo+0.199%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 5 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 +$12 a day on $10k at the current rate, and Kraken Futures is 0.199% dearer against Aevo than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo VIRTUAL-PERP0.72010.0104pay 0.0013% / 1h19m 05s$18K$5053x
ShortKraken Futures PF_VIRTUALUSD0.72150.0508get 0.0064% / 1h19m 05s$586K$595K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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
$84.9
Price spread: +0.199% → 0.000%
$19.95
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$78.85
Costs to cover
0.260%
Break-even
0.5 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 64 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 Aevo no order-book sample
Sell Kraken Futures live order book, 64 min ago5.56 bp16.8 bp −$1749.0 bp −$490doesn't fitdoesn't fit
Aevo: 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
Lighter VIRTUAL−0.0152%1h0.7197−0.055%$327K$414K5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7205+0.055%$2410xas long as short
01 Exchange VIRTUALUSD−0.0120%1h0.7203+0.029%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7207+0.091%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0028%1h0.7204+0.043%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7208+0.094%$13K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.165%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7201+0.002%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7210+0.132%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7205+0.063%$197K$88K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7207+0.082%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.72010.000%$16.4M$37.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7197−0.054%$15.6M$15.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7198−0.040%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7203+0.029%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7200−0.012%$17.3M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7204+0.043%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7205+0.057%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7202+0.016%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7206+0.071%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7202+0.017%$527K$877Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7208+0.096%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7202+0.019%$638K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7211+0.141%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7210+0.128%$29K$882K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7204+0.043%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7200−0.015%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7196−0.066%$53K$246K10xas long as short
Aevo VIRTUAL-PERPlong+0.0104%1h0.7201long leg$18K$5053x
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7208+0.098%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7202+0.016%$805K$823K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7225+0.335%$197K$96K50xas long as short
Kraken Futures PF_VIRTUALUSDshort+0.0508%1h0.7215+0.199%$586K$595K50x