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

VIRTUAL

all VIRTUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.6172%/8h= −675.8% APRnext payment $7.71 per $10,000 · paid last 24h +0.040%
Price spread now: SoDEX against 01 Exchange−2.139%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 −$185 a day on $10k at the current rate, and SoDEX is 2.139% cheaper against 01 Exchange than usual: you would sell low and buy high (−$214 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 VIRTUALUSD0.74110.6272pay 0.0784% / 1h0m 24s$2K$8010x
ShortSoDEX VIRTUAL-USD0.72520.0100get 0.0013% / 1h0m 24s$1K$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$1,296.12
Price spread: −2.139% → 0.000%
−$213.87
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$1,524.99
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; SoDEX: 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 SoDEX no order-book sample
01 Exchange and 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
Kraken Futures PF_VIRTUALUSD−0.0222%1h0.7256−2.089%$520K$722K50xas long as short
Reya VIRTUALRUSDPERP−0.0139%1h0.7251−2.163%$2410xas long as short
Phoenix VIRTUAL−0.0034%1h0.7258−2.070%$11K$36K5xas long as short
Lighter VIRTUAL−0.0024%1h0.7271−1.893%$332K$406K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL0.0000%1h0.7252−2.145%$15K$30K10xas long as short
gTrade (Gains Network) VIRTUAL/USDL +0.0007% / S −0.0006%1h0.7279−1.781%$22K150xas long as short
Injective VIRTUAL/USDC PERP+0.0033%1h0.7117−3.967%$46$88K5.5xas long as short
Variational Omni VIRTUAL+0.0049%4h0.7249−2.184%$543K$754Kas long as short
Orderly PERP_VIRTUAL_USDC+0.0083%4h0.7280−1.768%$15K$1.9M10xas long as short
Aster VIRTUALUSDT+0.0100%4h0.7281−1.750%$93K$304K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica VIRTUAL+0.0100%1h0.7276−1.828%$72K$43K5xas long as short
Binance VIRTUALUSDT+0.0100%4h0.7280−1.769%$16.3M$41.5M75xas long as short
Bybit VIRTUALUSDT+0.0100%4h0.7276−1.822%$16.9M$18.8M50xas long as short
OKX VIRTUAL-USDT-SWAP+0.0100%4h0.7276−1.822%$2.9M$10.3M20xas long as short
Gate VIRTUAL_USDT+0.0100%4h0.7282−1.741%$1.6M$3.3M75xas long as short
MEXC VIRTUAL_USDT+0.0100%4h0.7280−1.768%$15.6M$5.3M100xas long as short
KuCoin VIRTUALUSDTM+0.0100%4h0.7283−1.727%$3.4M$4.6M50xas long as short
Bitget VIRTUALUSDT+0.0100%4h0.7282−1.741%$6.1M$5.6M25xas long as short
BingX VIRTUAL-USDT+0.0100%4h0.7278−1.795%$7.9Mas long as short
Backpack VIRTUAL_USDC_PERP+0.0100%1h0.7258−2.064%$248K$173K10xas long as short
edgeX VIRTUALUSDC+0.0100%4h0.7254−2.117%$19K$258K10xas long as short
GRVT VIRTUAL_USDT_Perp+0.0100%4h0.7256−2.087%$638K$1.3M10xas long as short
ApeX Omni VIRTUALUSDT+0.0100%1h0.7260−2.038%$41K$234K50xas long as short
Polymarket Perps VIRTUAL-USD+0.0100%1h0.7284−1.714%$48K$1.0M5xas long as short
SunX VIRTUAL-USDT+0.0100%4h0.7257−2.078%$2K$1.3M20xas long as short
SoDEX VIRTUAL-USDshort+0.0100%1h0.7252−2.139%$1K$9K5x
Extended VIRTUAL-USD+0.0104%1h0.7274−1.842%$54K$308K10xas long as short
Aevo VIRTUAL-PERP+0.0104%1h0.7251−2.163%$18K3xas long as short
Hyperliquid VIRTUAL+0.0169%1h0.7290−1.633%$9.0M$3.7M5xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]L +0.0313% / S −0.0258%1h0.7252−2.142%$33K100xas long as short
BloFin VIRTUAL-USDT+0.0340%4h0.7263−1.997%$780K$1.1M75xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.0512%1h0.7271−1.889%$203K$101K50xas long as short
01 Exchange VIRTUALUSDlong+0.6272%1h0.7411long leg$2K$8010x