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

VIRTUAL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%
Price spread now: Extended against SoDEX−0.075%7-day average · you buy dearer than you sell
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 airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.075% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX VIRTUAL-USD0.73410.0100pay 0.0013% / 1h35m 40s$1K$9K5x
ShortExtended VIRTUAL-USD0.73360.0104get 0.0013% / 1h35m 40s$56K$261K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SoDEX. 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
$0.84
Price spread: −0.075% → 0.000%
−$7.48
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$19.64
Costs to cover
0.130%
Break-even
170.7 days
Slippage unknown: SoDEX: no order-book sample; Extended: live order book, 37 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 SoDEX no order-book sample
Sell Extended live order book, 37 min ago2.75 bp15.6 bp −$16152.0 bp −$1,520doesn't fitdoesn't fit
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
Reya VIRTUALRUSDPERP−0.0139%1h0.7338−0.049%$2510xas long as short
Phoenix VIRTUAL−0.0109%1h0.7327−0.195%$12K$40K5xas long as short
01 Exchange VIRTUALUSD−0.0072%1h0.7336−0.071%$2K$13110xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0010%1h0.7339−0.024%$9K150xas long as short
Lighter VIRTUAL+0.0008%1h0.7330−0.153%$333K$417K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL+0.0022%1h0.7343+0.025%$15K$40K10xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−3.054%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0088%4h0.7342+0.011%$14K$1.5M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7344+0.033%$200K$155K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7337−0.056%$73K$45K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VIRTUALUSDT+0.0100%4h0.7334−0.098%$17.0M$39.3M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7333−0.112%$16.6M$17.0M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7331−0.139%$2.9M$9.7M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7337−0.057%$1.5M$3.0M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7333−0.112%$18.5M$4.1M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7337−0.057%$4.4M$4.1M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7337−0.057%$6.4M$5.6M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7335−0.084%$8.1Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7345+0.052%$249K$165K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7338−0.045%$549K$885Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7311−0.411%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7302−0.533%$648K$889K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7310−0.425%$40K$243K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7347+0.075%$45K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7340−0.016%$1K$1.3M20xas long as short
SoDEX VIRTUAL-USDlong+0.0100%1h0.7341long leg$1K$9K5x
Extended VIRTUAL-USDshort+0.0104%1h0.7336−0.075%$56K$261K10x
Aevo VIRTUAL-PERP+0.0104%1h0.7340−0.017%$18K3xas long as short
Hyperliquid VIRTUAL+0.0169%1h0.7347+0.072%$9.2M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0300% / S −0.0228%1h0.7340−0.014%$31K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7328−0.180%$833K$844K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0448%1h0.7343+0.025%$199K$92K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.0736%1h0.7352+0.150%$607K$634K50xas long as short