VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against Extended+0.072%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 3 days (all we have)+0.264%+$26 · spread now +0.072%, 7d avg +0.069%

Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VIRTUAL-USD	0.7259	0.0104	pay 0.0013% / 1h	51m 55s	$54K	$246K	10x
Short	Polymarket Perps VIRTUAL-USD	0.7264	0.0100	get 0.0013% / 1h	51m 55s	$32K	$943K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. 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 ExtendedbpFee Polymarket PerpsbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$0.84
Price spread: +0.072% → +0.069%: $0.31
Slippage, 4 orders: −$30.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$43.64
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Extended: live order book, 25 min ago; Polymarket Perps: live order book, 26 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 Extended live order book, 25 min ago	2.09 bp	14.3 bp −$14	245.2 bp −$2,452	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 26 min ago	3.48 bp	7.6 bp −$8	7.7 bp −$77	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	−0.0163%	1h	0.7253	−0.077%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7252	−0.093%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7251	−0.099%	$11K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0064%	1h	0.7257	−0.022%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7253	−0.074%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.951%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0072%	1h	0.7249	−0.125%	$330K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7253	−0.077%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7257	−0.019%	$191K	$95K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7261	+0.032%	$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	0.7257	−0.022%	$16.5M	$38.0M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7256	−0.036%	$15.8M	$16.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7260	+0.020%	$2.8M	$9.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7256	−0.036%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7259	+0.006%	$17.7M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7255	−0.049%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7263	+0.061%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7258	−0.008%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7258	−0.008%	$241K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7246	−0.180%	$529K	$876K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7252	−0.092%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7253	−0.077%	$642K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7241	−0.242%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USDshort	+0.0100%	1h	0.7264	+0.072%	$32K	$943K	5x
SunX VIRTUAL-USDT	+0.0100%	4h	0.7250	−0.118%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7254	−0.070%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USDlong	+0.0104%	1h	0.7259	long leg	$54K	$246K	10x
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7252	−0.095%	$18K	$505	3x	as long as short
Hyperliquid VIRTUAL	+0.0269%	1h	0.7265	+0.094%	$8.9M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7256	−0.040%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7260	+0.020%	$810K	$821K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7278	+0.267%	$198K	$97K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0867%	1h	0.7266	+0.105%	$592K	$595K	50x	as long as short