Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster+0.033%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.033%, 7d avg −0.023%

Together, before fees−0.141%+ Points / potential airdropAster: Stage 5 · farm board−$14 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: Bitget is 0.056% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VIRTUALUSDT	0.7188	0.0100	pay 0.0050% / 4h	1h 54m	$194K	$82K	20x
Short	Bitget VIRTUALUSDT	0.7190	0.0100	get 0.0050% / 4h	1h 54m	$6.1M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.023%: $5.57
Slippage, 4 orders: −$45.62
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.05
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Aster: live order book, 26 min ago; Bitget: live order book, 3 min ago.

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 Aster live order book, 26 min ago	7.64 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.09 bp	10.6 bp −$11	29.6 bp −$296	doesn't fit	doesn't fit

VIRTUAL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VIRTUAL_USDC-PERPETUAL	−0.0167%	1h	0.7187	−0.009%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7188	+0.005%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7170	−0.249%	$11K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7187	−0.009%	$2K	$131	10x	as long as short
Lighter VIRTUAL	0.0000%	1h	0.7183	−0.062%	$327K	$414K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7189	+0.018%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.983%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0091%	4h	0.7187	−0.009%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7196	+0.121%	$8.8M	$3.7M	5x	as long as short
Aster VIRTUALUSDTlong	+0.0100%	4h	0.7188	long leg	$194K	$82K	20x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7193	+0.069%	$72K	$44K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7185	−0.037%	$16.4M	$37.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7183	−0.064%	$15.5M	$15.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7186	−0.023%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7188	+0.005%	$1.5M	$2.8M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7185	−0.037%	$17.3M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7187	−0.009%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDTshort	+0.0100%	4h	0.7190	+0.033%	$6.1M	$5.3M	25x
BingX VIRTUAL-USDT	+0.0100%	4h	0.7185	−0.037%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7191	+0.047%	$236K	$157K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7178	−0.129%	$526K	$878K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7160	−0.390%	$19K	$255K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7174	−0.197%	$635K	$965K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7168	−0.273%	$40K	$246K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7193	+0.075%	$29K	$818K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7186	−0.023%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7186	−0.030%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7183	−0.064%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7187	−0.004%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0298% / S −0.0228%	1h	0.7190	+0.036%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7187	−0.009%	$813K	$794K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7176	−0.162%	$195K	$95K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0510%	1h	0.7197	+0.131%	$538K	$544K	50x	as long as short