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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.072%
Price spread now: ApeX Omni against Reya+0.387%63s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.387% dearer against Reya than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7153−0.0139get 0.0017% / 1h22m 23s$2410x
ShortApeX Omni VIRTUALUSDT0.71810.0100get 0.0013% / 1h22m 23s$40K$238K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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
$50.2
Price spread: +0.387% → 0.000%
$38.66
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$72.86
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 29 min ago. 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 Reya no order-book sample
Sell ApeX Omni live order book, 29 min ago6.93 bp14.2 bp −$1498.1 bp −$981doesn't fitdoesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit VIRTUAL_USDC-PERPETUAL−0.0448%1h0.7162+0.121%$15K$40K10xas long as short
Lighter VIRTUAL−0.0192%1h0.7143−0.142%$325K$406K5xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7153long leg$2410x
01 Exchange VIRTUALUSD−0.0136%1h0.7146−0.103%$2K$10610xas long as short
Phoenix VIRTUAL−0.0022%1h0.7176+0.322%$11K$37K5xas long as short
SoDEX VIRTUAL-USD+0.0002%1h0.7160+0.100%$1K$9K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7156+0.042%$14K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.508%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0088%4h0.7151−0.033%$14K$1.4M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7165+0.160%$8.8M$4.1M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7160+0.087%$94K$299K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7153−0.008%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7151−0.033%$16.2M$41.0M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7149−0.061%$16.5M$18.6M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7155+0.023%$2.8M$9.8M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7151−0.033%$1.5M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7154+0.009%$16.2M$4.8M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7156+0.037%$3.0M$4.3M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7153−0.005%$6.1M$5.8M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7152−0.019%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7161+0.107%$240K$213K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7166+0.179%$536K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7174+0.289%$19K$260K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7162+0.121%$635K$953K10xas long as short
ApeX Omni VIRTUALUSDTshort+0.0100%1h0.7181+0.387%$40K$238K50x
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7155+0.019%$54K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7162+0.121%$1K$1.3M20xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7145−0.123%$57K$262K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7149−0.055%$18K3xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0299% / S −0.0228%1h0.7156+0.037%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7161+0.107%$794K$949K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7214+0.848%$201K$104K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0488%1h0.7168+0.201%$587K$665K50xas long as short