VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0428%/8h= −46.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.062%

Price spread now: Deribit against Polymarket Perps−0.085%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.085% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VIRTUAL-USD	0.7331	0.0132	pay 0.0016% / 1h	58m 36s	$35K	$1.0M	5x
Short	Deribit VIRTUAL_USDC-PERPETUAL	0.7325	−0.0296	pay 0.0037% / 1h	58m 36s	$15K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Polymarket Perps. 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 Polymarket PerpsbpFee DeribitbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$89.83
Price spread: −0.085% → 0.000%: −$8.46
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$113.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 14 min ago; Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 14 min ago	3.30 bp	7.5 bp −$8	8.2 bp −$82	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.0296%	1h	0.7325	−0.085%	$15K	$40K	10x
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7324	−0.102%	$25	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0072%	1h	0.7317	−0.194%	$2K	$131	10x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7319	−0.160%	$12K	$39K	5x	as long as short
Lighter VIRTUAL	−0.0024%	1h	0.7309	−0.307%	$332K	$414K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7326	−0.068%	$9K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.922%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0089%	4h	0.7324	−0.098%	$14K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7336	+0.068%	$9.1M	$4.0M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7327	−0.052%	$200K	$104K	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	0.7319	−0.160%	$72K	$45K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7313	−0.245%	$16.7M	$39.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7317	−0.194%	$16.3M	$16.9M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7316	−0.207%	$2.9M	$9.6M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7317	−0.194%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7316	−0.207%	$18.4M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7319	−0.166%	$4.4M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7327	−0.057%	$6.4M	$5.6M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7322	−0.125%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7326	−0.071%	$248K	$168K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7307	−0.330%	$543K	$890K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7313	−0.243%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7319	−0.166%	$650K	$915K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7321	−0.139%	$40K	$245K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7302	−0.398%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7321	−0.132%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7319	−0.165%	$54K	$243K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7321	−0.134%	$18K	—	3x	as long as short
Polymarket Perps VIRTUAL-USDlong	+0.0132%	1h	0.7331	long leg	$35K	$1.0M	5x
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7325	−0.089%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7316	−0.207%	$815K	$853K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7327	−0.057%	$199K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0738%	1h	0.7337	+0.077%	$602K	$586K	50x	as long as short