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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.65 per $10,000 · paid last 24h +0.018%
Price spread now: KuCoin against Variational Omni+0.109%7-day average +0.040% · 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 4 days (all we have)+0.018%+$2 on $10k
Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.109%, 7d avg +0.040%
Together, before fees−0.126%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.069% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni VIRTUAL0.7100−0.0031get 0.0015% / 4h1h 31m$528K$908K
ShortKuCoin VIRTUALUSDTM0.71080.0100get 0.0050% / 4h1h 31m$3.0M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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
$27.49
Price spread: +0.109% → +0.040%
$6.88
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$22.38
Costs to cover
0.120%
Break-even
1.3 days
Slippage unknown: Variational Omni: RFQ quote, 12 min ago; KuCoin: live order book, 6 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 Variational Omni RFQ quote, 12 min ago4.20 bpdoesn't fit19.6 bp −$196doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago2.11 bp20.7 bp −$2151.1 bp −$511doesn't fitdoesn't fit

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
Deribit VIRTUAL_USDC-PERPETUAL−0.0172%1h0.7099−0.018%$15K$40K10xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7103+0.044%$2410xas long as short
Lighter VIRTUAL−0.0128%1h0.7098−0.037%$323K$402K5xas long as short
01 Exchange VIRTUALUSD−0.0120%1h0.7102+0.025%$2K$10610xas long as short
Phoenix VIRTUAL−0.0101%1h0.7105+0.068%$11K$36K5xas long as short
Bybit VIRTUALUSDT−0.0094%4h0.7101+0.010%$16.1M$19.0M50xas long as short
Variational Omni VIRTUALlong−0.0031%4h0.7100long leg$528K$908K
Kraken Futures PF_VIRTUALUSD−0.0005%1h0.7105+0.069%$519K$763K50xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0005%1h0.7102+0.023%$14K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117+0.236%$46$88K5.5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_VIRTUAL_USDC+0.0072%4h0.7098−0.032%$15K$1.6M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7107+0.098%$92K$302K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7105+0.062%$70K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7106+0.077%$16.0M$42.3M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7107+0.095%$2.9M$10.0M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7101+0.010%$1.5M$3.4M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7106+0.081%$15.9M$5.2M100xas long as short
KuCoin VIRTUALUSDTMshort+0.0100%4h0.7108+0.109%$3.0M$4.4M50x
Bitget VIRTUALUSDT+0.0100%4h0.7107+0.095%$6.0M$5.9M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7106+0.081%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7102+0.025%$235K$178K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7103+0.033%$19K$262K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7102+0.025%$628K$1.1M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7104+0.053%$40K$236K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7103+0.036%$47K$1.0M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7099−0.018%$1K$1.4M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7098−0.025%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7106+0.078%$55K$273K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7097−0.048%$18K3xas long as short
Hyperliquid VIRTUAL+0.0108%1h0.7115+0.210%$8.7M$4.0M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0312% / S −0.0258%1h0.7100−0.002%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7105+0.067%$783K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0440%1h0.7144+0.616%$199K$101K50xas long as short