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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against ApeX Omni−0.246%72s7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$610.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.246%, 7d avg −0.077%
Together, before fees−0.046%+ Points / potential airdropExtended: Active · farm board−$5 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: Extended is 0.169% cheaper against ApeX Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.077%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni VIRTUALUSDT0.71900.0100pay 0.0013% / 1h20m 15s$40K$234K50x
ShortExtended VIRTUAL-USD0.71720.0104get 0.0013% / 1h20m 15s$54K$309K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against ApeX 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

Funding earned
$0.84
Price spread: −0.246% → −0.077%
−$16.89
Slippage, 4 orders
−$45.52
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$76.57
Costs to cover
0.605%
Break-even
645.1 days
Slippage from ApeX Omni: live order book, 29 min ago; Extended: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 29 min ago6.29 bp14.3 bp −$14103.2 bp −$1,032doesn't fitdoesn't fit
Sell Extended live order book, 30 min ago3.07 bp16.5 bp −$17161.7 bp −$1,617doesn't fitdoesn't fit

VIRTUAL on 33 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps VIRTUAL-USD−0.0709%1h0.7183−0.104%$47K$996K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0307%1h0.7175−0.209%$25K$40K10xas long as short
Kraken Futures PF_VIRTUALUSD−0.0239%1h0.7183−0.091%$536K$741K50xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7174−0.223%$2410xas long as short
Phoenix VIRTUAL−0.0132%1h0.7185−0.064%$11K$35K5xas long as short
Lighter VIRTUAL−0.0072%1h0.7171−0.266%$327K$384K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0006%1h0.7182−0.109%$22K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.015%$46$88K5.5xas long as short
Variational Omni VIRTUAL+0.0069%4h0.7176−0.194%$681K$889Kas long as short
Orderly PERP_VIRTUAL_USDC+0.0084%4h0.7175−0.209%$15K$1.9M10xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7181−0.131%$92K$297K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7182−0.111%$71K$42K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7173−0.231%$16.1M$41.3M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7172−0.250%$16.5M$18.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7177−0.181%$2.8M$10.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7182−0.111%$1.6M$3.2M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7174−0.223%$15.1M$5.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7179−0.153%$3.3M$4.6M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7180−0.139%$6.1M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7177−0.181%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7182−0.111%$248K$175K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7183−0.102%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7182−0.111%$638K$1.3M10xas long as short
ApeX Omni VIRTUALUSDTlong+0.0100%1h0.7190long leg$40K$234K50x
SunX VIRTUAL-USDT+0.0100%4h0.7179−0.153%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7174−0.229%$1K$9K5xas long as short
Extended VIRTUAL-USDshort+0.0104%1h0.7172−0.246%$54K$309K10x
Aevo VIRTUAL-PERP+0.0104%1h0.7174−0.229%$18K3xas long as short
Hyperliquid VIRTUAL+0.0162%1h0.7191+0.011%$8.9M$3.7M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0312% / S −0.0258%1h0.7178−0.170%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7185−0.070%$781K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7217+0.376%$203K$101K50xas long as short
01 Exchange VIRTUALUSD+0.6288%1h0.7318+1.780%$2K$5310xas long as short