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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.043%
Price spread now: gTrade (Gains Network) against Reya+0.099%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 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 +$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% dearer against Reya than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7170−0.0139get 0.0017% / 1h8m 30s$2410x
ShortgTrade (Gains Network) VIRTUAL/USD0.7177L +0.0007% / S −0.0004%get 0.0000% / 1h8m 30s$12K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$30.05
Price spread: +0.099% → 0.000%
$9.89
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$23.94
Costs to cover
0.160%
Break-even
1.4 days
Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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 Reya no order-book sample
Sell gTrade (Gains Network) no order-book sample
Reya and gTrade (Gains Network): 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
Lighter VIRTUAL−0.0152%1h0.7176+0.085%$326K$414K5xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7170long leg$2410x
01 Exchange VIRTUALUSD−0.0128%1h0.7175+0.076%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7176+0.083%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7175+0.076%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDshortL +0.0007% / S −0.0004%1h0.7177+0.099%$12K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.733%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0093%4h0.7172+0.034%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7182+0.172%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7185+0.216%$193K$91K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7184+0.202%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7182+0.178%$16.3M$37.7M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7174+0.062%$15.5M$15.9M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7172+0.034%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7182+0.174%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7176+0.090%$17.3M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7178+0.118%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7180+0.146%$6.1M$5.3M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7180+0.146%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7184+0.202%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7168−0.021%$525K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7171+0.020%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7175+0.077%$635K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7175+0.076%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7179+0.135%$27K$886K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7181+0.160%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7178+0.118%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7178+0.118%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7175+0.077%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7177+0.105%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7177+0.104%$809K$812K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7206+0.509%$196K$96K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0510%1h0.7192+0.311%$585K$596K50xas long as short