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+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.034%
Price spread now: GMX against ApeX Omni+0.420%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 3 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 +$4 a day on $10k at the current rate, and GMX is 0.420% dearer against ApeX Omni than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni VIRTUALUSDT0.71490.0100pay 0.0013% / 1h26m 31s$40K$245K50x
ShortGMX VIRTUAL/USD [WBTC.b-USDC]0.7179L +0.0298% / S −0.0228%get 0.0029% / 1h26m 31s$30K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$26.92
Price spread: +0.420% → 0.000%
$42.05
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$46.97
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 55 min ago; GMX: 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 ApeX Omni live order book, 55 min ago6.95 bp14.9 bp −$15105.5 bp −$1,055doesn't fitdoesn'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 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
Reya VIRTUALRUSDPERP−0.0139%1h0.7176+0.379%$2410xas long as short
Lighter VIRTUAL−0.0120%1h0.7165+0.229%$326K$414K5xas long as short
01 Exchange VIRTUALUSD−0.0120%1h0.7172+0.322%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7136−0.186%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7180+0.434%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7178+0.410%$12K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.448%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0092%4h0.7178+0.406%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7183+0.474%$8.7M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7172+0.328%$195K$84K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7173+0.336%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7174+0.354%$16.3M$37.6M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7171+0.308%$15.5M$15.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7164+0.210%$2.8M$9.1M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7173+0.336%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7166+0.238%$17.2M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7171+0.308%$4.3M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7170+0.294%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7170+0.294%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7182+0.462%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7139−0.138%$521K$877Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7146−0.036%$19K$256K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7162+0.180%$634K$918K10xas long as short
ApeX Omni VIRTUALUSDTlong+0.0100%1h0.7149long leg$40K$245K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7180+0.434%$31K$869K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7177+0.392%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7177+0.389%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7166+0.234%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7179+0.422%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]shortL +0.0298% / S −0.0228%1h0.7179+0.420%$30K100x
BloFin VIRTUAL-USDT+0.0340%4h0.7177+0.392%$811K$792K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7167+0.252%$195K$95K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0510%1h0.7192+0.607%$584K$597K50xas long as short