Spread before costs (cost unknown: a leg has no order-book sample)−0.084%
7d average—if it closes, per $10,000$8funding while held, a day−$8.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni VIRTUALUSDT | 0.7117 | 0.0100 | pay 0.0013% / 1h | 5m 07s | $40K | $242K | 50x |
| Short | Phoenix VIRTUAL | 0.7111 | −0.0181 | pay 0.0023% / 1h | 5m 07s | $11K | $43K | 5x |
ApeX Omni VIRTUALUSDT
Phoenix VIRTUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$8.43
- Funding while held
- −$8.43
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$33.86
- Spread needed to break even
- 0.170%
Slippage unknown: ApeX Omni: live order book, 48 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0281%
- Per $10,000 a day
- −$8.43
- Average in range /8h
- —
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 ApeX Omni live order book, 48 min ago | 7.13 bp | 15.6 bp −$16 | 101.2 bp −$1,012 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
edgeX0.7101+5.300%
InjectivePhoenix0.7111+5.442%
01 Exchange0.7115+5.501%Reya0.7117+5.525%OKX0.7117+5.531%
Reya
OKXApeX Omni0.7117+5.531%
Bybit0.7118+5.546%Pacifica0.7118+5.549%BingX0.7119+5.560%Extended0.7119+5.564%GMX0.7120+5.579%Binance0.7121+5.584%Deribit0.7121+5.590%Aevo0.7122+5.599%gTrade (Gains Network)0.7122+5.605%Polymarket Perps0.7123+5.620%Orderly0.7123+5.620%SoDEX0.7123+5.620%Gate0.7124+5.635%Bitget0.7124+5.635%Backpack0.7124+5.635%MEXC0.7125+5.649%KuCoin0.7125+5.649%SunX0.7125+5.649%Lighter0.7125+5.651%Coinbase International0.7126+5.664%Aster0.7126+5.665%BloFin0.7128+5.694%Variational Omni0.7130+5.726%Hyperliquid0.7133+5.761%Kraken Futures0.7137+5.829%
Bybit
Pacifica
BingX
Extended
GMX
Binance
Deribit
Aevo
gTrade (Gains Network)
Polymarket Perps
Orderly
SoDEX
Gate
Bitget
Backpack
MEXC
KuCoin
SunX
Lighter
Coinbase International
Aster
BloFin
Variational Omni
Hyperliquid
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.241% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.218% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Phoenix VIRTUALshort | −0.084% | −0.0181% | 1h | $11K | $43K | 5x | |
| 01 Exchange VIRTUALUSD | −0.028% | −0.0184% | 1h | $2K | $539 | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.005% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | 0.000% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| ApeX Omni VIRTUALUSDTlong | 0.000% | +0.0100% | 1h | $40K | $242K | 50x | |
| Bybit VIRTUALUSDT | +0.014% | +0.0100% | 4h | $15.7M | $15.7M | 50x | as long as short |
| Pacifica VIRTUAL | +0.017% | +0.0100% | 1h | $72K | $39K | 5x | as long as short |
| BingX VIRTUAL-USDT | +0.028% | +0.0100% | 4h | — | $8.3M | — | as long as short |