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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.6282%/8h= −687.9% APRnext payment $7.85 per $10,000 · paid last 24h −0.061%
Price spread now: gTrade (Gains Network) against 01 Exchange−1.820%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 4 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 against this trade now: funding costs −$188 a day on $10k at the current rate, and gTrade (Gains Network) is 1.820% cheaper against 01 Exchange than usual: you would sell low and buy high (−$182 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange VIRTUALUSD0.73070.6288pay 0.0786% / 1h19m 18s$2K$5310x
ShortgTrade (Gains Network) VIRTUAL/USD0.7174L +0.0007% / S −0.0006%get 0.0001% / 1h19m 18s$22K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against 01 Exchange. 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
−$1,319.32
Price spread: −1.820% → 0.000%
−$182.03
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$1,518.35
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; gTrade (Gains Network): 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 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and gTrade (Gains Network): 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps VIRTUAL-USD−0.0710%1h0.7174−1.827%$47K$996K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.0308%1h0.7170−1.875%$25K$40K10xas long as short
Kraken Futures PF_VIRTUALUSD−0.0239%1h0.7178−1.767%$536K$741K50xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7174−1.820%$2410xas long as short
Phoenix VIRTUAL−0.0132%1h0.7185−1.664%$11K$35K5xas long as short
Lighter VIRTUAL−0.0072%1h0.7166−1.927%$326K$384K5xas long as short
gTrade (Gains Network) VIRTUAL/USDshortL +0.0007% / S −0.0006%1h0.7174−1.820%$22K150x
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−2.600%$46$88K5.5xas long as short
Variational Omni VIRTUAL+0.0069%4h0.7176−1.792%$681K$889Kas long as short
Orderly PERP_VIRTUAL_USDC+0.0084%4h0.7169−1.889%$15K$1.9M10xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster VIRTUALUSDT+0.0100%4h0.7176−1.795%$92K$297K20xas long as short
Pacifica VIRTUAL+0.0100%1h0.7175−1.809%$71K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7170−1.875%$16.1M$41.3M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7167−1.916%$16.5M$18.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7169−1.889%$2.8M$9.9M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7174−1.820%$1.5M$3.2M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7170−1.875%$15.1M$5.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7175−1.806%$3.3M$4.6M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7174−1.820%$6.1M$5.5M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7170−1.875%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7177−1.779%$247K$175K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7183−1.703%$19K$259K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7182−1.711%$638K$1.3M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7183−1.697%$40K$235K50xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7169−1.889%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USD+0.0100%1h0.7168−1.895%$1K$9K5xas long as short
Extended VIRTUAL-USD+0.0104%1h0.7167−1.919%$54K$309K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7169−1.886%$18K3xas long as short
Hyperliquid VIRTUAL+0.0163%1h0.7182−1.711%$8.9M$3.7M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0312% / S −0.0258%1h0.7173−1.839%$32K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7185−1.670%$781K$1.0M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0472%1h0.7217−1.232%$203K$101K50xas long as short
01 Exchange VIRTUALUSDlong+0.6288%1h0.7307long leg$2K$5310x