VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.007%

Price spread now: KuCoin against Orderly+0.084%7-day average +0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.084%, 7d avg +0.033%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.052% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_VIRTUAL_USDC	0.7106	0.0072	pay 0.0036% / 4h	3h 31m	$15K	$1.8M	10x
Short	KuCoin VIRTUALUSDTM	0.7112	0.0100	get 0.0050% / 4h	3h 31m	$3.3M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $5.87
Price spread: +0.084% → +0.033%: $5.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.98
Costs to cover: 0.180%
Break-even: 15.3 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	2.10 bp	20.9 bp −$21	56.8 bp −$568	doesn't fit	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VIRTUAL_USDC-PERPETUAL	−0.0874%	1h	0.7107	+0.014%	$15K	$40K	10x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0226%	1h	0.7118	+0.169%	$512K	$740K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7108	+0.029%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0128%	1h	0.7101	−0.065%	$321K	$401K	5x	as long as short
Bybit VIRTUALUSDT	−0.0121%	4h	0.7107	+0.014%	$16.2M	$18.7M	50x	as long as short
SoDEX VIRTUAL-USD	−0.0063%	1h	0.7106	−0.007%	$1K	$9K	5x	as long as short
Variational Omni VIRTUAL	−0.0044%	4h	0.7141	+0.490%	$535K	$753K	—	as long as short
Phoenix VIRTUAL	−0.0034%	1h	0.7147	+0.577%	$11K	$36K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7112	+0.088%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.155%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDClong	+0.0072%	4h	0.7106	long leg	$15K	$1.8M	10x
Aster VIRTUALUSDT	+0.0100%	4h	0.7111	+0.071%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7120	+0.193%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7104	−0.027%	$15.9M	$41.7M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7110	+0.056%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7109	+0.042%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7107	+0.014%	$15.4M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTMshort	+0.0100%	4h	0.7112	+0.084%	$3.3M	$4.5M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	0.7110	+0.056%	$6.0M	$5.7M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7108	+0.028%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7107	+0.014%	$235K	$175K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7141	+0.490%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7141	+0.494%	$630K	$1.2M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7150	+0.619%	$40K	$234K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7114	+0.106%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7108	+0.028%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7105	−0.008%	$55K	$307K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7089	−0.241%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0149%	1h	0.7117	+0.156%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7110	+0.060%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7121	+0.211%	$775K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0512%	1h	0.7168	+0.873%	$200K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6256%	1h	0.7239	+1.872%	$2K	$106	10x	as long as short