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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.025%
Price spread now: ApeX Omni against Injective−0.323%108s7-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 7 days−0.701%−$70 on $10k
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 0.323% cheaper against Injective than usual: you would sell low and buy high (spread −0.323% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 16 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.701%, so the current rate has only just turned in your favour. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective VIRTUAL/USDC PERP0.71170.0033pay 0.0004% / 1h29m 19s$46$88K5.5x
ShortApeX Omni VIRTUALUSDT0.70940.0100get 0.0013% / 1h29m 19s$40K$234K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: −0.323% → 0.000%
−$32.32
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$28.34
Costs to cover
0.100%
Break-even
21.2 days
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 15 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 Injective no order-book sample
Sell ApeX Omni live order book, 15 min ago5.60 bp14.8 bp −$1594.2 bp −$942doesn't fitdoesn't fit
Injective: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter VIRTUAL−0.0192%1h0.7096−0.298%$323K$368K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0172%1h0.7100−0.239%$25K$40K10xas long as short
Polymarket Perps VIRTUAL-USD−0.0170%1h0.7102−0.205%$33K$1.0M5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7096−0.294%$2410xas long as short
Phoenix VIRTUAL−0.0111%1h0.7094−0.320%$11K$32K5xas long as short
SoDEX VIRTUAL-USD−0.0020%1h0.7098−0.270%$1K$9K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0006%1h0.7093−0.344%$22K150xas long as short
Injective VIRTUAL/USDC PERPlong+0.0033%1h0.7117long leg$46$88K5.5x
Variational Omni VIRTUAL+0.0059%4h0.7096−0.290%$673K$816Kas long as short
Kraken Futures PF_VIRTUALUSD+0.0064%1h0.7105−0.164%$556K$742K50xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_VIRTUAL_USDC+0.0084%4h0.7100−0.239%$14K$1.8M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7114−0.044%$8.8M$3.5M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7104−0.183%$99K$306K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7105−0.165%$70K$40K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7099−0.255%$15.8M$40.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7100−0.239%$16.5M$18.6M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7097−0.281%$2.7M$9.7M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7106−0.155%$1.5M$3.1M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7101−0.225%$14.5M$5.1M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7108−0.126%$3.4M$4.6M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7106−0.155%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7101−0.225%$7.8Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7110−0.098%$244K$178K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7090−0.384%$19K$254K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7091−0.365%$632K$1.5M10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7094−0.323%$40K$234K50x
SunX VIRTUAL-USDT+0.0100%4h0.7103−0.197%$1K$1.3M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7101−0.222%$54K$309K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7098−0.271%$18K3xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0311% / S −0.0258%1h0.7103−0.198%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7081−0.506%$774K$933K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0480%1h0.7167+0.703%$201K$96K50xas long as short
01 Exchange VIRTUALUSD+0.6224%1h0.7239+1.714%$2K$2710xas long as short