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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
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
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 feesneeds 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX VIRTUAL-USD0.71310.0100pay 0.0013% / 1h49m 19s$1K$9K5x
ShortKraken Futures PF_VIRTUALUSD0.71420.0280get 0.0035% / 1h49m 19s$583K$676K50x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Kraken Futures live order book, 64 min ago17.27 bp22.6 bp −$2353.5 bp −$535doesn'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%1h0.7134+0.036%$2410xas long as short
01 Exchange VIRTUALUSD−0.0136%1h0.7135+0.049%$2K$10610xas long as short
Phoenix VIRTUAL−0.0112%1h0.7142+0.150%$11K$36K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0030%1h0.7136+0.063%$15K$40K10xas long as short
Lighter VIRTUAL−0.0008%1h0.7133+0.020%$324K$402K5xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7138+0.093%$14K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−0.203%$46$88K5.5xas long as short
Orderly PERP_VIRTUAL_USDC+0.0077%4h0.7135+0.049%$14K$1.4M10xas long as short
Bybit VIRTUALUSDT+0.0088%4h0.7132+0.007%$16.4M$18.8M50xas long as short
Hyperliquid VIRTUAL+0.0100%1h0.7147+0.215%$8.8M$4.1M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7141+0.138%$93K$299K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7139+0.104%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7136+0.060%$16.1M$41.4M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7137+0.077%$2.8M$9.9M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7141+0.133%$1.5M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7136+0.063%$15.8M$4.8M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7140+0.119%$3.0M$4.4M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7135+0.049%$6.1M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7140+0.119%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7142+0.147%$239K$210K10xas long as short
Variational Omni VIRTUAL+0.0100%4h0.7141+0.137%$534K$909Kas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7133+0.026%$19K$261K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7147+0.217%$635K$978K10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7141+0.133%$40K$238K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7138+0.087%$52K$1.1M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7145+0.189%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USDlong+0.0100%1h0.7131long leg$1K$9K5x
Extended VIRTUAL-USD+0.0104%1h0.7131−0.006%$57K$302K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7134+0.041%$18K3xas long as short
Kraken Futures PF_VIRTUALUSDshort+0.0280%1h0.7142+0.143%$583K$676K50x
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0315% / S −0.0264%1h0.7137+0.080%$33K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7144+0.175%$789K$984K75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0432%1h0.7162+0.428%$199K$104K50xas long as short