After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.114%7d average−0.039%fees + slippage, in and out−$32spread needed0.322%
| 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 21s | $231K | $165K | 10x |
| Short | BingX VIRTUAL-USDT | 0.7023 | 0.0100 | get 0.0050% / 4h | 59m 21s | — | $8.2M | — |
Backpack VIRTUAL_USDC_PERP
BingX VIRTUAL-USDTPrice 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
- −$11.38
- Funding while held
- $0
- Slippage, 4 orders
- −$12.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$43.6
- Spread needed to break even
- 0.322%
Slippage from Backpack: live order book, 35 min ago; BingX: live order book, 15 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 BingX live order book, 15 min ago | 0.71 bp | 8.3 bp −$8 | 10.6 bp −$106 | 19.1 bp −$1,910 | 83.4 bp −$41.7K |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6992cheapestBybit0.7017+0.358%Lighter0.7020+0.396%OKX0.7022+0.429%01 Exchange0.7022+0.429%BloFin0.7022+0.429%Extended0.7023+0.441%Binance0.7023+0.443%MEXC0.7023+0.443%
Injective
Bybit
Lighter
OKX
BloFin
Extended
Binance
MEXCBingX0.7023+0.443%
Orderly0.7023+0.443%Reya0.7023+0.445%Aevo0.7024+0.451%Variational Omni0.7025+0.467%SunX0.7025+0.472%Deribit0.7025+0.472%Polymarket Perps0.7026+0.483%gTrade (Gains Network)0.7026+0.485%Gate0.7026+0.486%Bitget0.7026+0.486%GMX0.7026+0.487%SoDEX0.7026+0.493%Pacifica0.7028+0.513%edgeX0.7028+0.514%KuCoin0.7028+0.515%Aster0.7029+0.533%
Orderly
Reya
Aevo
Variational Omni
SunX
Deribit
Polymarket Perps
gTrade (Gains Network)
Gate
Bitget
GMX
SoDEX
Pacifica
KuCoin
AsterBackpack0.7031+0.558%
Hyperliquid0.7032+0.571%ApeX Omni0.7032+0.572%Kraken Futures0.7036+0.628%Phoenix0.7041+0.701%Coinbase International0.7045+0.758%
Hyperliquid
ApeX Omni
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% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.199% | −0.0057% | 4h | $15.2M | $15.4M | 50x | as long as short |
| Lighter VIRTUAL | −0.161% | −0.0136% | 1h | $319K | $388K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.128% | +0.0100% | 4h | $2.7M | $9.4M | 20x | as long as short |
| 01 Exchange VIRTUALUSD | −0.128% | −0.0136% | 1h | $2K | $131 | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.128% | +0.0340% | 4h | $816K | $750K | 75x | as long as short |
| Extended VIRTUAL-USD | −0.116% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| Binance VIRTUALUSDT | −0.114% | +0.0100% | 4h | $16.0M | $35.8M | 75x | as long as short |
| MEXC VIRTUAL_USDT | −0.114% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |
| BingX VIRTUAL-USDTshort | −0.114% | +0.0100% | 4h | — | $8.2M | — |