VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: SunX against Orderly+0.069%7-day average +0.019% · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$24 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.069%, 7d avg +0.019%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.051% dearer against Orderly than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_VIRTUAL_USDC	0.7209	0.0092	pay 0.0046% / 4h	3h 49m	$14K	$1.4M	10x
Short	SunX VIRTUAL-USDT	0.7214	0.0100	get 0.0050% / 4h	3h 49m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $1.61
Price spread: +0.069% → +0.019%: $5.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.33
Costs to cover: 0.140%
Break-even: 38.8 days

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	500.83 bp	doesn't fit	doesn't fit	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	−0.0443%	1h	0.7207	−0.028%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7209	−0.002%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0080%	1h	0.7208	−0.014%	$2K	$131	10x	as long as short
Lighter VIRTUAL	−0.0048%	1h	0.7192	−0.239%	$328K	$406K	5x	as long as short
Phoenix VIRTUAL	−0.0022%	1h	0.7219	+0.137%	$11K	$37K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7213	+0.049%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.276%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDClong	+0.0092%	4h	0.7209	long leg	$14K	$1.4M	10x
Hyperliquid VIRTUAL	+0.0100%	1h	0.7213	+0.054%	$8.8M	$4.1M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7212	+0.044%	$96K	$292K	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	0.7224	+0.206%	$71K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7197	−0.166%	$16.3M	$40.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7203	−0.083%	$16.6M	$18.5M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7205	−0.055%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7211	+0.028%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7208	−0.014%	$17.1M	$4.6M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7212	+0.042%	$3.0M	$4.3M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7206	−0.042%	$6.2M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7209	0.000%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7213	+0.055%	$240K	$210K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7228	+0.260%	$540K	$913K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7219	+0.139%	$19K	$261K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7232	+0.319%	$638K	$924K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7229	+0.277%	$41K	$238K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7214	+0.069%	$55K	$1.1M	5x	as long as short
SunX VIRTUAL-USDTshort	+0.0100%	4h	0.7214	+0.069%	$1K	$1.3M	20x
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7209	0.000%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7204	−0.073%	$57K	$268K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7207	−0.032%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7212	+0.047%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7219	+0.139%	$798K	$912K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7242	+0.458%	$202K	$106K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0485%	1h	0.7217	+0.114%	$595K	$667K	50x	as long as short