Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against edgeX+0.059%56s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as 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−$300.303% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.059%, 7d avg +0.064%

Together, before fees−0.131%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VIRTUALUSDC	0.7319	0.0100	pay 0.0050% / 4h	3h 57m	$19K	$257K	10x
Short	Polymarket Perps VIRTUAL-USD	0.7323	0.0100	get 0.0013% / 1h	57m 37s	$46K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.064%: −$0.5
Slippage, 4 orders: −$13.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.76
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; Polymarket Perps: live order book, just now.

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 edgeX live order book, 15 min ago	2.06 bp	7.1 bp −$7	19.7 bp −$197	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, just now	2.80 bp	8.8 bp −$9	9.0 bp −$90	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	−0.0433%	1h	0.7318	−0.008%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7318	−0.008%	$25	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7321	+0.033%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7319	+0.013%	$12K	$39K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7325	+0.081%	$9K	—	150x	as long as short
Lighter VIRTUAL	+0.0032%	1h	0.7317	−0.027%	$332K	$414K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.754%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7323	+0.061%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7324	+0.075%	$200K	$104K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7322	+0.048%	$72K	$45K	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	0.7324	+0.076%	$16.8M	$39.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7322	+0.047%	$16.3M	$16.8M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7319	+0.006%	$2.9M	$9.6M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7319	+0.006%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7321	+0.033%	$18.4M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7325	+0.088%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7328	+0.129%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7328	+0.129%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7330	+0.156%	$248K	$168K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7307	−0.158%	$543K	$890K	—	as long as short
edgeX VIRTUALUSDClong	+0.0100%	4h	0.7319	long leg	$19K	$257K	10x
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7319	+0.006%	$650K	$915K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7321	+0.033%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USDshort	+0.0100%	1h	0.7323	+0.059%	$46K	$1.0M	5x
SunX VIRTUAL-USDT	+0.0100%	4h	0.7323	+0.061%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7322	+0.054%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7326	+0.097%	$54K	$243K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7318	−0.011%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0201%	1h	0.7333	+0.200%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7325	+0.082%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7316	−0.035%	$815K	$853K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7327	+0.115%	$199K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0738%	1h	0.7337	+0.248%	$604K	$588K	50x	as long as short