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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+1.2716%/8h= +1392.4% APRnext payment +$15.89 per $10,000 · paid last 24h +0.227%
Price spread now: 01 Exchange against Polymarket Perps+3.321%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$381 a day on $10k at the current rate, and 01 Exchange is 3.321% dearer against Polymarket Perps than usual: you sell high and buy low: +$332 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps VIRTUAL-USD0.71970.0100pay 0.0013% / 1h10m 00s$31K$1.1M5x
Short01 Exchange VIRTUALUSD0.74361.2816get 0.1602% / 1h10m 00s$2K$36610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$2,670.36
Price spread: +3.321% → 0.000%
$332.08
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$2,987.44
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Polymarket Perps: live order book, 1 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago2.92 bp6.9 bp −$78.9 bp −$89doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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
Phoenix VIRTUAL−0.0146%1h0.7197−0.003%$11K$32K5xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7189−0.117%$2410xas long as short
Kraken Futures PF_VIRTUALUSD−0.0010%1h0.7200+0.043%$568K$736K50xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7193−0.056%$25K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0006%1h0.7194−0.048%$22K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.112%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0078%4h0.7191−0.083%$15K$1.6M10xas long as short
Lighter VIRTUAL+0.0096%1h0.7193−0.056%$332K$381K5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7209+0.167%$100K$304K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7197−0.006%$71K$38K5xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7205+0.117%$16.2M$39.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7203+0.083%$16.9M$18.2M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7200+0.042%$2.8M$8.9M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7196−0.014%$1.6M$3.1M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7193−0.056%$14.4M$5.1M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7196−0.014%$3.4M$4.5M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7196−0.014%$6.2M$4.8M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7194−0.042%$7.6Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.71970.000%$249K$186K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7185−0.166%$672K$559Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7194−0.045%$19K$252K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7193−0.056%$641K$1.6M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7199+0.028%$41K$234K50xas long as short
Polymarket Perps VIRTUAL-USDlong+0.0100%1h0.7197long leg$31K$1.1M5x
SunX VIRTUAL-USDT+0.0100%4h0.71970.000%$2K$1.2M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7192−0.063%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7190−0.097%$54K$391K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7192−0.071%$18K3xas long as short
Hyperliquid VIRTUAL+0.0291%1h0.7206+0.131%$9.0M$3.2M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0313% / S −0.0258%1h0.7192−0.065%$33K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7188−0.125%$777K$892K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0520%1h0.7210+0.181%$203K$77K50xas long as short
01 Exchange VIRTUALUSDshort+1.2816%1h0.7436+3.321%$2K$36610x