Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.078%

Price spread now: 01 Exchange against Binance−0.014%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VIRTUALUSDT	0.7272	0.0100	pay 0.0050% / 4h	49m 41s	$16.5M	$38.0M	75x
Short	01 Exchange VIRTUALUSD	0.7271	−0.0088	pay 0.0011% / 1h	49m 41s	$2K	$131	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Binance. 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 BinancebpFee 01 ExchangebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$39.48
Price spread: −0.014% → 0.000%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$57.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	0.69 bp	10.2 bp −$10	22.4 bp −$224	100.4 bp −$10.0K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VIRTUAL_USDC-PERPETUAL	−0.0163%	1h	0.7268	−0.055%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7269	−0.047%	$24	—	10x	as long as short
01 Exchange VIRTUALUSDshort	−0.0088%	1h	0.7271	−0.014%	$2K	$131	10x
Phoenix VIRTUAL	−0.0066%	1h	0.7269	−0.043%	$11K	$40K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7271	−0.011%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.131%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0093%	4h	0.7270	−0.028%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7269	−0.043%	$331K	$413K	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7276	+0.061%	$191K	$95K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7277	+0.062%	$73K	$44K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDTlong	+0.0100%	4h	0.7272	long leg	$16.5M	$38.0M	75x
Bybit VIRTUALUSDT	+0.0100%	4h	0.7271	−0.014%	$15.9M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7272	0.000%	$2.9M	$9.4M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7274	+0.028%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7271	−0.014%	$17.8M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7275	+0.041%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7278	+0.083%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7274	+0.028%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7275	+0.041%	$242K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7259	−0.184%	$530K	$876K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7260	−0.169%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7267	−0.074%	$645K	$928K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7266	−0.083%	$40K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7277	+0.066%	$33K	$945K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7265	−0.096%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7266	−0.085%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7270	−0.022%	$54K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7268	−0.055%	$18K	$505	3x	as long as short
Hyperliquid VIRTUAL	+0.0205%	1h	0.7284	+0.171%	$9.0M	$3.9M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7270	−0.021%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7257	−0.206%	$808K	$844K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7278	+0.083%	$198K	$96K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0865%	1h	0.7284	+0.158%	$593K	$586K	50x	as long as short