Settings8H · net · $10k
Funding arb · Price arb /

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: ApeX Omni against gTrade (Gains Network)−0.111%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.111% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) VIRTUAL/USD0.7052L +0.0007% / S −0.0005%pay 0.0001% / 1h29m 10s$14K150x
ShortApeX Omni VIRTUALUSDT0.70440.0100get 0.0013% / 1h29m 10s$40K$237K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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

Funding earned
$19.6
Price spread: −0.111% → 0.000%
−$11.06
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$11.46
Costs to cover
0.200%
Break-even
11.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; ApeX Omni: live order book, 17 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell ApeX Omni live order book, 17 min ago6.32 bp14.7 bp −$1592.9 bp −$929doesn't fitdoesn't fit
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange VIRTUALUSD−0.0144%1h0.7042−0.139%$2K$10610xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7051−0.009%$2410xas long as short
Phoenix VIRTUAL−0.0112%1h0.7053+0.016%$11K$36K5xas long as short
Lighter VIRTUAL−0.0040%1h0.7040−0.172%$320K$403K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0034%1h0.7049−0.040%$15K$40K10xas long as short
Bybit VIRTUALUSDT−0.0029%4h0.7040−0.167%$16.1M$19.0M50xas long as short
gTrade (Gains Network) VIRTUAL/USDlongL +0.0007% / S −0.0005%1h0.7052long leg$14K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117+0.925%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0075%4h0.7046−0.082%$14K$1.4M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7048−0.055%$91K$299K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7049−0.042%$69K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7043−0.124%$15.8M$41.7M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7044−0.111%$2.8M$9.8M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7055+0.045%$1.5M$3.4M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7046−0.082%$15.3M$4.9M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7048−0.054%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7042−0.139%$6.0M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7039−0.182%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7044−0.111%$235K$207K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7036−0.218%$527K$910Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7046−0.084%$19K$262K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7047−0.075%$623K$1.0M10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7044−0.111%$40K$237K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7057+0.077%$52K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7058+0.088%$1K$1.4M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7045−0.104%$1K$9K5xas long as short
Hyperliquid VIRTUAL+0.0101%1h0.7064+0.169%$8.7M$4.1M5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7046−0.088%$56K$299K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7045−0.094%$18K3xas long as short
Kraken Futures PF_VIRTUALUSD+0.0283%1h0.7052−0.001%$521K$763K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0297% / S −0.0228%1h0.7053+0.014%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7044−0.111%$778K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7162+1.563%$199K$101K50xas long as short