VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: OKX against BloFin−0.358%73s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.424%−$42 on $10k

Price spread, last 4 days (all we have)+0.524%+$52 · spread now −0.358%, 7d avg +0.023%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.381% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VIRTUAL-USDT	0.7270	0.0340	pay 0.0170% / 4h	2h 57m	$781K	$1.1M	75x
Short	OKX VIRTUAL-USDT-SWAP	0.7244	0.0100	get 0.0050% / 4h	2h 57m	$2.9M	$10.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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 BloFinbpFee OKXbpOrdersPrice spread, now −0.358%Rate

Funding earned: −$50.4
Price spread: −0.358% → +0.023%: −$38.06
Slippage, 4 orders: −$18.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$128.56
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; OKX: live order book, 5 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 BloFin live order book, 4 min ago	0.69 bp	7.7 bp −$8	12.5 bp −$125	67.6 bp −$6,759	doesn't fit
Sell OKX live order book, 5 min ago	2.07 bp	11.8 bp −$12	40.1 bp −$401	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
Kraken Futures PF_VIRTUALUSD	−0.0237%	1h	0.7253	−0.232%	$520K	$724K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0164%	1h	0.7248	−0.303%	$15K	$30K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7249	−0.293%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7276	+0.080%	$11K	$35K	5x	as long as short
SoDEX VIRTUAL-USD	+0.0006%	1h	0.7244	−0.360%	$1K	$9K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7279	+0.124%	$22K	—	150x	as long as short
Lighter VIRTUAL	+0.0032%	1h	0.7242	−0.381%	$330K	$383K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.105%	$46	$88K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0049%	4h	0.7249	−0.287%	$543K	$754K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0084%	4h	0.7246	−0.330%	$15K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VIRTUAL	+0.0100%	1h	0.7255	−0.208%	$9.0M	$3.7M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7249	−0.286%	$92K	$304K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7253	−0.239%	$71K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7248	−0.303%	$16.2M	$41.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7248	−0.303%	$16.8M	$18.8M	50x	as long as short
OKX VIRTUAL-USDT-SWAPshort	+0.0100%	4h	0.7244	−0.358%	$2.9M	$10.3M	20x
Gate VIRTUAL_USDT	+0.0100%	4h	0.7247	−0.316%	$1.6M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7246	−0.330%	$15.5M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7249	−0.289%	$3.4M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7251	−0.261%	$6.1M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7247	−0.316%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7247	−0.316%	$248K	$174K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7252	−0.249%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7258	−0.160%	$640K	$1.3M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7257	−0.179%	$41K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7257	−0.179%	$48K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7251	−0.261%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7245	−0.344%	$54K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7245	−0.340%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7252	−0.244%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDTlong	+0.0340%	4h	0.7270	long leg	$781K	$1.1M	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7289	+0.261%	$203K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6168%	1h	0.7391	+1.664%	$2K	$80	10x	as long as short