After costs, if the gap returns to its 7d average, $10k−$22
spread now−0.057%7d average−0.046%fees + slippage, in and out−$21spread needed0.211%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7044 | 0.0100 | pay 0.0013% / 1h | 17m 54s | $235K | $169K | 10x |
| Short | MEXC VIRTUAL_USDT | 0.7040 | 0.0100 | get 0.0050% / 4h | 17m 54s | $15.9M | $4.0M | 100x |
Backpack VIRTUAL_USDC_PERP
MEXC 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
- −$5.68
- Funding while held
- $0
- Slippage, 4 orders
- −$11.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$26.82
- Spread needed to break even
- 0.211%
Slippage from Backpack: live order book, 32 min ago; MEXC: live order book, 2 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, 32 min ago | 2.10 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.71 bp | 0.7 bp −$1 | 9.0 bp −$90 | 110.5 bp −$11.0K | 269.0 bp −$134.5K |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.7001+3.809%edgeX0.7011+3.959%ApeX Omni0.7013+3.989%Phoenix0.7025+4.168%Reya0.7027+4.198%Orderly0.7031+4.256%Deribit0.7032+4.270%Aevo0.7032+4.272%GMX0.7033+4.285%Lighter0.7033+4.285%01 Exchange0.7033+4.285%gTrade (Gains Network)0.7034+4.299%SunX0.7035+4.315%Extended0.7035+4.322%Bybit0.7037+4.345%OKX0.7037+4.345%Binance0.7039+4.373%BloFin0.7039+4.374%Pacifica0.7040+4.382%Polymarket Perps0.7040+4.383%
Injective
Variational Omni
ApeX Omni
Phoenix
Reya
Orderly
Deribit
Aevo
GMX
Lighter
gTrade (Gains Network)
SunX
Extended
Bybit
OKX
Binance
BloFin
Pacifica
Polymarket PerpsMEXC0.7040+4.389%
BingX0.7040+4.389%Hyperliquid0.7040+4.391%SoDEX0.7040+4.395%Gate0.7042+4.419%KuCoin0.7042+4.419%Bitget0.7042+4.419%Kraken Futures0.7043+4.440%
BingX
Hyperliquid
SoDEX
Gate
KuCoin
Bitget
Kraken FuturesBackpack0.7044+4.448%
Aster0.7046+4.483%Coinbase International0.7052+4.567%
Aster
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 | −4.259% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.612% | −0.0031% | 4h | $591K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.469% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.440% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.268% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.239% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.185% | +0.0065% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.170% | −0.0176% | 1h | $25K | $30K | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.169% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | −0.156% | L +0.0296% / S −0.0228% | 1h | $30K | — | 100x | as long as short |