VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Extended against Polymarket Perps−0.161%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.161%, 7d avg −0.069%

Together, before fees+0.068%+ Points / potential airdropExtended: Active · farm board+$7 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: Extended is 0.093% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VIRTUAL-USD	0.7264	0.0100	pay 0.0013% / 1h	52m 24s	$32K	$943K	5x
Short	Extended VIRTUAL-USD	0.7252	0.0104	get 0.0013% / 1h	52m 24s	$54K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0.84
Price spread: −0.161% → −0.069%: −$9.25
Slippage, 4 orders: −$30.11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.52
Costs to cover: 0.431%
Break-even: 436.3 days

Slippage from Polymarket Perps: live order book, 26 min ago; Extended: live order book, 25 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 Polymarket Perps live order book, 26 min ago	3.48 bp	7.5 bp −$8	7.7 bp −$77	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	2.09 bp	13.7 bp −$14	158.5 bp −$1,585	doesn't fit	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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0163%	1h	0.7253	−0.149%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7252	−0.165%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7251	−0.171%	$11K	$40K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0064%	1h	0.7257	−0.094%	$2K	$131	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7253	−0.146%	$13K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−2.021%	$46	$88K	5.5x	as long as short
Lighter VIRTUAL	+0.0072%	1h	0.7254	−0.139%	$330K	$413K	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7253	−0.149%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7264	+0.001%	$191K	$95K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7261	−0.040%	$73K	$44K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VIRTUALUSDT	+0.0100%	4h	0.7252	−0.162%	$16.5M	$38.0M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7250	−0.190%	$15.8M	$16.1M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7250	−0.190%	$2.8M	$9.3M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7261	−0.039%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7256	−0.107%	$17.7M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7262	−0.025%	$4.4M	$4.1M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7256	−0.107%	$6.2M	$5.4M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7253	−0.149%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7267	+0.044%	$241K	$159K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7246	−0.252%	$529K	$876K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7252	−0.164%	$19K	$257K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7253	−0.149%	$642K	$918K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7241	−0.314%	$40K	$245K	50x	as long as short
Polymarket Perps VIRTUAL-USDlong	+0.0100%	1h	0.7264	long leg	$32K	$943K	5x
SunX VIRTUAL-USDT	+0.0100%	4h	0.7250	−0.190%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7254	−0.142%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USDshort	+0.0104%	1h	0.7252	−0.161%	$54K	$246K	10x
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7252	−0.167%	$18K	$505	3x	as long as short
Hyperliquid VIRTUAL	+0.0280%	1h	0.7264	+0.003%	$8.9M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7256	−0.112%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7260	−0.052%	$810K	$821K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7278	+0.195%	$198K	$97K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0867%	1h	0.7266	+0.033%	$592K	$595K	50x	as long as short