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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.016%
Price spread now: SoDEX against gTrade (Gains Network)+0.031%7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.031% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) VIRTUAL/USD0.7307L +0.0007% / S −0.0001%pay 0.0001% / 1h25m 58s$4K150x
ShortSoDEX VIRTUAL-USD0.73090.0100get 0.0013% / 1h25m 58s$1K$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: +0.031% → 0.000%
$3.07
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$4.67
Costs to cover
0.180%
Break-even
5.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample
gTrade (Gains Network) and SoDEX: 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
Reya VIRTUALRUSDPERP−0.0139%1h0.7297−0.142%$2410xas long as short
Phoenix VIRTUAL−0.0109%1h0.7301−0.087%$11K$40K5xas long as short
01 Exchange VIRTUALUSD−0.0056%1h0.7299−0.113%$2K$13110xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7309+0.024%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDlongL +0.0007% / S −0.0001%1h0.7307long leg$4K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.604%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0089%4h0.7308+0.010%$14K$1.5M10xas long as short
Lighter VIRTUAL+0.0096%1h0.7305−0.030%$331K$417K5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7314+0.095%$199K$156K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7299−0.112%$72K$45K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7304−0.043%$16.9M$39.4M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7305−0.031%$16.6M$17.0M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7301−0.086%$2.9M$9.7M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7307−0.004%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7303−0.058%$18.4M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7306−0.017%$4.3M$4.2M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7311+0.051%$6.3M$5.6M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7303−0.058%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7308+0.010%$248K$164K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7304−0.041%$546K$885Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7293−0.190%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7297−0.144%$648K$889K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7296−0.154%$41K$244K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7309+0.022%$47K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7301−0.086%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USDshort+0.0100%1h0.7309+0.031%$1K$9K5x
Extended VIRTUAL-USD+0.0104%1h0.7303−0.053%$55K$321K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7309+0.022%$18K3xas long as short
Hyperliquid VIRTUAL+0.0201%1h0.7315+0.099%$9.1M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0300% / S −0.0228%1h0.7306−0.018%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7287−0.277%$832K$841K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7313+0.079%$198K$92K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0739%1h0.7321+0.194%$605K$643K50xas long as short