After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.074%7d average−0.042%fees + slippage, in and out−$39spread needed0.393%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7031 | 0.0100 | pay 0.0013% / 1h | 59m 39s | $231K | $165K | 10x |
| Short | Binance VIRTUALUSDT | 0.7026 | 0.0100 | get 0.0050% / 4h | 59m 39s | $16.0M | $35.8M | 75x |
Backpack VIRTUAL_USDC_PERP
Binance VIRTUALUSDTPrice 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
- −$7.44
- Funding while held
- $0
- Slippage, 4 orders
- −$19.28
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.72
- Spread needed to break even
- 0.393%
Slippage from Backpack: live order book, 35 min ago; Binance: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Backpack live order book, 35 min ago | 1.43 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.71 bp | 10.7 bp −$11 | 23.6 bp −$236 | 91.8 bp −$9,182 | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6992cheapestBybit0.7020+0.400%Extended0.7022+0.427%Lighter0.7022+0.432%BingX0.7024+0.458%Variational Omni0.7025+0.467%OKX0.7025+0.472%MEXC0.7025+0.472%
Injective
Bybit
Extended
Lighter
BingX
Variational Omni
OKX
MEXCBinance0.7026+0.483%
01 Exchange0.7026+0.486%BloFin0.7026+0.486%SoDEX0.7026+0.493%Reya0.7027+0.496%Gate0.7027+0.501%Aevo0.7027+0.508%Pacifica0.7028+0.513%KuCoin0.7028+0.515%Bitget0.7028+0.515%Orderly0.7028+0.515%Deribit0.7028+0.515%GMX0.7029+0.534%gTrade (Gains Network)0.7030+0.542%SunX0.7030+0.543%Polymarket Perps0.7030+0.551%
BloFin
SoDEX
Reya
Gate
Aevo
Pacifica
KuCoin
Bitget
Orderly
Deribit
GMX
gTrade (Gains Network)
SunX
Polymarket PerpsBackpack0.7031+0.558%
Aster0.7031+0.564%ApeX Omni0.7032+0.572%Hyperliquid0.7035+0.608%Kraken Futures0.7040+0.683%edgeX0.7041+0.695%Phoenix0.7041+0.701%Coinbase International0.7045+0.758%
Aster
ApeX Omni
Hyperliquid
Kraken Futures
Phoenix
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −0.555% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.156% | −0.0057% | 4h | $15.2M | $15.4M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.130% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| Lighter VIRTUAL | −0.125% | −0.0136% | 1h | $319K | $389K | 5x | as long as short |
| BingX VIRTUAL-USDT | −0.100% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Variational Omni VIRTUAL | −0.090% | −0.0136% | 4h | $529K | $847K | — | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.7M | $9.4M | 20x | as long as short |
| MEXC VIRTUAL_USDT | −0.085% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |
| Binance VIRTUALUSDTshort | −0.074% | +0.0100% | 4h | $16.0M | $35.8M | 75x | |
| 01 Exchange VIRTUALUSD | −0.071% | −0.0128% | 1h | $2K | $131 | 10x | as long as short |