Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.078%

Price spread now: Aster against Deribit−0.033%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.033% cheaper against Deribit than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VIRTUAL_USDC-PERPETUAL	0.7255	0	get 0.0000% / 1h	54m 58s	$15K	$40K	10x
Short	Aster VIRTUALUSDT	0.7253	0.0100	get 0.0050% / 4h	54m 58s	$191K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $21
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.72
Costs to cover: 0.150%
Break-even: 6.1 days

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 21 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 21 min ago	5.56 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit

Deribit: 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7253	−0.034%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0056%	1h	0.7252	−0.041%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0045%	1h	0.7251	−0.050%	$11K	$40K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUALlong	0.0000%	1h	0.7255	long leg	$15K	$40K	10x
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7255	−0.003%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.902%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0064%	1h	0.7248	−0.101%	$330K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7255	0.000%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDTshort	+0.0100%	4h	0.7253	−0.033%	$191K	$91K	20x
Pacifica VIRTUAL	+0.0100%	1h	0.7253	−0.033%	$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 VIRTUALUSDT	+0.0100%	4h	0.7254	−0.008%	$16.5M	$37.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7251	−0.055%	$15.9M	$16.0M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7253	−0.028%	$2.8M	$9.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7253	−0.028%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7247	−0.110%	$17.7M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7253	−0.028%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7257	+0.028%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7252	−0.041%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7257	+0.028%	$241K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7246	−0.131%	$529K	$876K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7239	−0.226%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7245	−0.138%	$642K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7241	−0.193%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7261	+0.080%	$32K	$923K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7253	−0.028%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7253	−0.028%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7253	−0.033%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7255	+0.001%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7255	+0.004%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7252	−0.041%	$809K	$819K	75x	as long as short
Hyperliquid VIRTUAL	+0.0389%	1h	0.7263	+0.109%	$8.9M	$3.9M	5x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7263	+0.110%	$197K	$96K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0867%	1h	0.7267	+0.160%	$592K	$595K	50x	as long as short