Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.107%
Price spread now: Kraken Futures against SoDEX+0.143%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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.143% dearer against SoDEX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7131 | 0.0100 | pay 0.0013% / 1h | 49m 19s | $1K | $9K | 5x |
| Short | Kraken Futures PF_VIRTUALUSD | 0.7142 | 0.0280 | get 0.0035% / 1h | 49m 19s | $583K | $676K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $37.7
- Price spread: +0.143% → 0.000%
- $14.34
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $34.05
- Costs to cover
- 0.180%
- Break-even
- 0.7 days
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 64 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 64 min ago | 17.27 bp | 22.6 bp −$23 | 53.5 bp −$535 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya VIRTUALRUSDPERP | −0.0139% | 1h | 0.7134 | +0.036% | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.0136% | 1h | 0.7135 | +0.049% | $2K | $106 | 10x | as long as short |
| Phoenix VIRTUAL | −0.0112% | 1h | 0.7142 | +0.150% | $11K | $36K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.0030% | 1h | 0.7136 | +0.063% | $15K | $40K | 10x | as long as short |
| Lighter VIRTUAL | −0.0008% | 1h | 0.7133 | +0.020% | $324K | $402K | 5x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0005% | 1h | 0.7138 | +0.093% | $14K | — | 150x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −0.203% | $46 | $88K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0077% | 4h | 0.7135 | +0.049% | $14K | $1.4M | 10x | as long as short |
| Bybit VIRTUALUSDT | +0.0088% | 4h | 0.7132 | +0.007% | $16.4M | $18.8M | 50x | as long as short |
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7147 | +0.215% | $8.8M | $4.1M | 5x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7141 | +0.138% | $93K | $299K | 20x | as long as short |
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7139 | +0.104% | $70K | $43K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7136 | +0.060% | $16.1M | $41.4M | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.0100% | 4h | 0.7137 | +0.077% | $2.8M | $9.9M | 20x | as long as short |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7141 | +0.133% | $1.5M | $3.3M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7136 | +0.063% | $15.8M | $4.8M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7140 | +0.119% | $3.0M | $4.4M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7135 | +0.049% | $6.1M | $5.9M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7140 | +0.119% | — | $7.9M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7142 | +0.147% | $239K | $210K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.0100% | 4h | 0.7141 | +0.137% | $534K | $909K | — | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7133 | +0.026% | $19K | $261K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7147 | +0.217% | $635K | $978K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.0100% | 1h | 0.7141 | +0.133% | $40K | $238K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7138 | +0.087% | $52K | $1.1M | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.0100% | 4h | 0.7145 | +0.189% | $2K | $1.3M | 20x | as long as short |
| SoDEX VIRTUAL-USDlong | +0.0100% | 1h | 0.7131 | long leg | $1K | $9K | 5x | |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7131 | −0.006% | $57K | $302K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7134 | +0.041% | $18K | — | 3x | as long as short |
| Kraken Futures PF_VIRTUALUSDshort | +0.0280% | 1h | 0.7142 | +0.143% | $583K | $676K | 50x | |
| GMX VIRTUAL/USD [WBTC.b-USDC] | L +0.0315% / S −0.0264% | 1h | 0.7137 | +0.080% | $33K | — | 100x | as long as short |
| BloFin VIRTUAL-USDT | +0.0340% | 4h | 0.7144 | +0.175% | $789K | $984K | 75x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | +0.0432% | 1h | 0.7162 | +0.428% | $199K | $104K | 50x | as long as short |
SoDEX VIRTUAL-USD
Kraken Futures PF_VIRTUALUSD
01 Exchange VIRTUALUSD
Phoenix VIRTUAL
Deribit VIRTUAL_USDC-PERPETUAL
Lighter VIRTUAL
gTrade (Gains Network) VIRTUAL/USD
Injective VIRTUAL/USDC PERP
Bybit VIRTUALUSDT
Hyperliquid VIRTUAL
Aster VIRTUALUSDT
Pacifica VIRTUAL
Binance 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
Extended VIRTUAL-USD
GMX VIRTUAL/USD [WBTC.b-USDC]
BloFin VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTX