Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.002%
Price spread now: Deribit against Reya+0.007%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya VIRTUALRUSDPERP | 0.7159 | −0.0139 | get 0.0017% / 1h | 22m 34s | $24 | — | 10x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7159 | −0.0029 | pay 0.0004% / 1h | 22m 34s | $15K | $40K | 10x |
Reya VIRTUALRUSDPERP
Deribit VIRTUAL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.05
- Price spread: +0.007% → 0.000%
- $0.67
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $10.72
- Costs to cover
- 0.130%
- Break-even
- 3.7 days
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Reya and 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya VIRTUALRUSDPERPlong | −0.0139% | 1h | 0.7159 | long leg | $24 | — | 10x | |
| 01 Exchange VIRTUALUSD | −0.0096% | 1h | 0.7162 | +0.049% | $2K | $131 | 10x | as long as short |
| Lighter VIRTUAL | −0.0096% | 1h | 0.7156 | −0.030% | $326K | $415K | 5x | as long as short |
| Phoenix VIRTUAL | −0.0034% | 1h | 0.7166 | +0.097% | $11K | $37K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUALshort | −0.0029% | 1h | 0.7159 | +0.007% | $15K | $40K | 10x | |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0005% | 1h | 0.7160 | +0.022% | $14K | — | 150x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −0.580% | $46 | $88K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0089% | 4h | 0.7159 | +0.007% | $14K | $1.4M | 10x | as long as short |
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7167 | +0.121% | $8.8M | $4.1M | 5x | as long as short |
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7162 | +0.051% | $96K | $292K | 20x | as long as short |
01 Exchange VIRTUALUSD
Lighter VIRTUAL
Phoenix VIRTUAL
gTrade (Gains Network) VIRTUAL/USD
Injective VIRTUAL/USDC PERP
Orderly PERP_VIRTUAL_USDC
Hyperliquid VIRTUAL
Aster VIRTUALUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7163 | +0.065% | $71K | $43K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7163 | +0.066% | $16.2M | $40.6M | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.0100% | 4h | 0.7158 | −0.007% | $16.5M | $18.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.0100% | 4h | 0.7162 | +0.049% | $2.8M | $9.9M | 20x | as long as short |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7160 | +0.021% | $1.5M | $3.3M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7161 | +0.035% | $17.4M | $4.5M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7163 | +0.063% | $2.9M | $4.3M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7165 | +0.090% | $6.1M | $5.8M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7164 | +0.077% | — | $7.9M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7163 | +0.063% | $239K | $209K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.0100% | 4h | 0.7148 | −0.145% | $534K | $913K | — | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7158 | −0.005% | $19K | $260K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7154 | −0.060% | $634K | $890K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.0100% | 1h | 0.7165 | +0.090% | $41K | $239K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7162 | +0.049% | $54K | $1.1M | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.0100% | 4h | 0.7160 | +0.021% | $1K | $1.3M | 20x | as long as short |
| SoDEX VIRTUAL-USD | +0.0100% | 1h | 0.7160 | +0.028% | $1K | $9K | 5x | as long as short |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7162 | +0.051% | $54K | $265K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7158 | −0.005% | $18K | — | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | L +0.0316% / S −0.0265% | 1h | 0.7160 | +0.016% | $33K | — | 100x | as long as short |
| BloFin VIRTUAL-USDT | +0.0340% | 4h | 0.7158 | −0.007% | $792K | $896K | 75x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | +0.0416% | 1h | 0.7184 | +0.356% | $201K | $105K | 50x | as long as short |
| Kraken Futures PF_VIRTUALUSD | +0.0800% | 1h | 0.7167 | +0.121% | $593K | $663K | 50x | as long as short |
Pacifica VIRTUAL
Binance VIRTUALUSDT
Bybit VIRTUALUSDT
OKX VIRTUAL-USDT-SWAP
Gate VIRTUAL_USDT
MEXC VIRTUAL_USDT
KuCoin VIRTUALUSDTM
Bitget VIRTUALUSDT
BingX VIRTUAL-USDT
Backpack VIRTUAL_USDC_PERP
Variational Omni VIRTUAL
edgeX VIRTUALUSDC
GRVT VIRTUAL_USDT_Perp
ApeX Omni VIRTUALUSDT
Polymarket Perps VIRTUAL-USD
SunX VIRTUAL-USDT
SoDEX VIRTUAL-USD
Extended VIRTUAL-USD
Aevo VIRTUAL-PERP
GMX VIRTUAL/USD [WBTC.b-USDC]
BloFin VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTX
Kraken Futures PF_VIRTUALUSD