Spread before costs (cost unknown: a leg has no order-book sample)+0.032%
7d average—if it closes, per $10,000$3funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7097 | 0.0100 | pay 0.0013% / 1h | 32m 39s | $233K | $177K | 10x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7099 | L +0.0007% / S −0.0004% | get 0.0000% / 1h | 32m 39s | $12K | — | 150x |
Backpack VIRTUAL_USDC_PERP
gTrade (Gains Network) 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
- $3.16
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$19.72
- Spread needed to break even
- 0.200%
Slippage unknown: Backpack: live order book, 12 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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, 12 min ago | 2.11 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Injective0.6744cheapestAevo0.7090+5.126%Bybit0.7090+5.130%SunX0.7090+5.130%Lighter0.7091+5.144%BloFin0.7091+5.145%Reya0.7091+5.150%Phoenix0.7092+5.159%BingX0.7093+5.175%SoDEX0.7093+5.175%Binance0.7093+5.178%OKX0.7094+5.190%01 Exchange0.7094+5.190%Gate0.7094+5.190%Orderly0.7094+5.190%Deribit0.7095+5.205%Extended0.7095+5.205%Pacifica0.7096+5.225%KuCoin0.7097+5.234%Bitget0.7097+5.234%
Injective
Aevo
Bybit
SunX
Lighter
BloFin
Reya
Phoenix
BingX
SoDEX
Binance
OKX
Gate
Orderly
Deribit
Extended
Pacifica
KuCoin
BitgetBackpack0.7097+5.234%
Polymarket Perps0.7097+5.240%MEXC0.7098+5.249%Aster0.7098+5.250%GMX0.7099+5.266%
Polymarket Perps
MEXC
Aster
GMXgTrade (Gains Network)0.7099+5.267%
edgeX0.7103+5.323%Hyperliquid0.7104+5.344%Kraken Futures0.7105+5.350%Variational Omni0.7110+5.430%ApeX Omni0.7121+5.590%Coinbase International0.7131+5.738%
Hyperliquid
Kraken Futures
Variational Omni
ApeX Omni
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 | −4.974% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Aevo VIRTUAL-PERP | −0.103% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Bybit VIRTUALUSDT | −0.099% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| SunX VIRTUAL-USDT | −0.099% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| Lighter VIRTUAL | −0.086% | −0.0024% | 1h | $322K | $411K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.085% | +0.0340% | 4h | $828K | $791K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.080% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Phoenix VIRTUAL | −0.072% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| BingX VIRTUAL-USDT | −0.056% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| SoDEX VIRTUAL-USD | −0.056% | −0.0050% | 1h | $210 | $8K | 5x | as long as short |