After costs, if the gap returns to its 7d average, $10k−$62
spread now−0.214%7d average−0.079%fees + slippage, in and out−$49spread needed0.486%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7028 | 0.0100 | pay 0.0013% / 1h | 27m 46s | $234K | $169K | 10x |
| Short | Extended VIRTUAL-USD | 0.7013 | 0.0104 | get 0.0013% / 1h | 27m 46s | $55K | $244K | 10x |
Backpack VIRTUAL_USDC_PERP
Extended VIRTUAL-USDPrice 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
- −$21.39
- Funding while held
- $0.12
- Slippage, 4 orders
- −$33.61
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$69.88
- Spread needed to break even
- 0.486%
Slippage from Backpack: live order book, 22 min ago; Extended: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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, 22 min ago | 2.10 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 2.50 bp | 15.3 bp −$15 | 243.5 bp −$2,435 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestPhoenix0.7006+3.882%edgeX0.7006+3.887%ApeX Omni0.7009+3.929%Variational Omni0.7013+3.986%
Injective
Phoenix
ApeX Omni
Variational OmniExtended0.7013+3.988%
OKX0.7015+4.018%BingX0.7016+4.033%MEXC0.7017+4.048%Lighter0.7018+4.060%Binance0.7018+4.063%Bybit0.7018+4.063%Bitget0.7019+4.078%Pacifica0.7023+4.136%SoDEX0.7024+4.149%Gate0.7025+4.167%KuCoin0.7025+4.167%01 Exchange0.7026+4.181%Aster0.7026+4.184%Orderly0.7027+4.196%Reya0.7028+4.209%
OKX
BingX
MEXC
Lighter
Binance
Bybit
Bitget
Pacifica
SoDEX
Gate
KuCoin
Aster
Orderly
ReyaBackpack0.7028+4.211%
Deribit0.7028+4.211%Hyperliquid0.7029+4.229%gTrade (Gains Network)0.7029+4.232%GMX0.7030+4.243%Aevo0.7030+4.247%BloFin0.7032+4.270%SunX0.7034+4.300%Polymarket Perps0.7034+4.306%Kraken Futures0.7035+4.318%Coinbase International0.7052+4.567%
Deribit
Hyperliquid
gTrade (Gains Network)
GMX
Aevo
BloFin
SunX
Polymarket Perps
Kraken Futures
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 | −4.041% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.316% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.311% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.270% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Variational Omni VIRTUAL | −0.216% | −0.0031% | 4h | $590K | $801K | — | as long as short |
| Extended VIRTUAL-USDshort | −0.214% | +0.0104% | 1h | $55K | $244K | 10x | |
| OKX VIRTUAL-USDT-SWAP | −0.185% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.171% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| MEXC VIRTUAL_USDT | −0.157% | +0.0100% | 4h | $15.7M | $4.0M | 100x | as long as short |
| Lighter VIRTUAL | −0.145% | +0.0096% | 1h | $322K | $352K | 5x | as long as short |