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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.057%
Price spread now: SoDEX against Reya+0.031%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 +$7 a day on $10k at the current rate, and SoDEX is 0.031% dearer against Reya than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya VIRTUALRUSDPERP0.7207−0.0139get 0.0017% / 1h5m 16s$2410x
ShortSoDEX VIRTUAL-USD0.72090.0100get 0.0013% / 1h5m 16s$1K$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$50.23
Price spread: +0.031% → 0.000%
$3.07
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$39.3
Costs to cover
0.140%
Break-even
1.5 days
Slippage unknown: Reya: no order-book sample; SoDEX: 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 SoDEX no order-book sample
Reya and SoDEX: 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−0.0144%1h0.7205−0.037%$328K$414K5xas long as short
Reya VIRTUALRUSDPERPlong−0.0139%1h0.7207long leg$2410x
01 Exchange VIRTUALUSD−0.0128%1h0.7199−0.115%$2K$13110xas long as short
Phoenix VIRTUAL−0.0045%1h0.7176−0.441%$11K$40K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7210+0.038%$15K$40K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0004%1h0.7210+0.034%$13K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−1.253%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0092%4h0.7208+0.010%$14K$1.5M10xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7219+0.168%$8.8M$3.8M5xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7210+0.044%$193K$91K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7196−0.156%$72K$44K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7211+0.057%$16.4M$37.8M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7210+0.038%$15.6M$15.9M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7208+0.010%$2.8M$9.2M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7207−0.004%$1.5M$2.9M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7205−0.032%$17.4M$4.2M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7206−0.018%$4.3M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7214+0.093%$6.1M$5.4M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7209+0.024%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7199−0.115%$239K$159K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7185−0.316%$525K$878Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7177−0.422%$19K$257K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7180−0.374%$636K$918K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7182−0.351%$40K$245K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7210+0.035%$31K$889K5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7210+0.038%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USDshort+0.0100%1h0.7209+0.031%$1K$9K5x
Extended VIRTUAL-USD+0.0104%1h0.7208+0.008%$53K$246K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7194−0.189%$18K$5053xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0298% / S −0.0228%1h0.7211+0.051%$30K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7211+0.052%$809K$811K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7206−0.018%$196K$96K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0508%1h0.7219+0.169%$587K$596K50xas long as short