VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Gate−0.140%63s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as 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−$600.600% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.140%, 7d avg −0.041%

Together, before fees+0.438%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.099% cheaper against Gate than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.041%). If the spread goes back, that is −$10 on $10k: about 33 hours of funding at the current rate (+$7 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VIRTUAL_USDT	0.7158	0.0100	pay 0.0050% / 4h	3h 58m	$1.5M	$3.2M	75x
Short	BloFin VIRTUAL-USDT	0.7148	0.0340	get 0.0170% / 4h	3h 58m	$781K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.140%Rate

Funding earned: $50.4
Price spread: −0.140% → −0.041%: −$9.91
Slippage, 4 orders: −$33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.5
Costs to cover: 0.600%
Break-even: 9.7 days

Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 9 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 Gate live order book, 5 min ago	0.70 bp	20.2 bp −$20	91.8 bp −$918	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	1.40 bp	11.0 bp −$11	19.2 bp −$192	65.9 bp −$6,592	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
Kraken Futures PF_VIRTUALUSD	−0.0225%	1h	0.7158	+0.007%	$515K	$745K	50x	as long as short
Lighter VIRTUAL	−0.0200%	1h	0.7150	−0.106%	$323K	$400K	5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7159	+0.007%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7147	−0.148%	$11K	$36K	5x	as long as short
Variational Omni VIRTUAL	−0.0044%	4h	0.7142	−0.230%	$535K	$837K	—	as long as short
Bybit VIRTUALUSDT	−0.0041%	4h	0.7151	−0.098%	$16.3M	$18.8M	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7157	−0.010%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.573%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7158	0.000%	$16K	$1.8M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7158	−0.001%	$93K	$302K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7162	+0.058%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7154	−0.063%	$16.1M	$41.8M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7155	−0.042%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDTlong	+0.0100%	4h	0.7158	long leg	$1.5M	$3.2M	75x
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7154	−0.056%	$15.6M	$5.0M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7159	+0.014%	$3.3M	$4.5M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7156	−0.028%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7155	−0.042%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7159	+0.014%	$237K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7145	−0.180%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7151	−0.095%	$641K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7147	−0.154%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7165	+0.098%	$47K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7159	+0.014%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7154	−0.053%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7152	−0.085%	$55K	$308K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7155	−0.048%	$18K	—	3x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	+0.0169%	1h	0.7161	+0.042%	$15K	$40K	10x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7157	−0.017%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDTshort	+0.0340%	4h	0.7148	−0.140%	$781K	$1.0M	75x
Hyperliquid VIRTUAL	+0.0390%	1h	0.7165	+0.094%	$8.8M	$3.8M	5x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7173	+0.210%	$200K	$100K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6272%	1h	0.7298	+1.956%	$2K	$106	10x	as long as short