After costs, if the gap returns to its 7d average, $10k−$56
spread now−0.127%7d average−0.020%fees + slippage, in and out−$46spread needed0.457%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7103 | 0.0100 | pay 0.0013% / 1h | 33m 36s | $233K | $175K | 10x |
| Short | OKX VIRTUAL-USDT-SWAP | 0.7094 | 0.0100 | get 0.0050% / 4h | 3h 33m | $2.8M | $10.3M | 20x |
Backpack VIRTUAL_USDC_PERP
OKX VIRTUAL-USDT-SWAPPrice 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
- −$12.67
- Funding while held
- $0
- Slippage, 4 orders
- −$25.69
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$58.36
- Spread needed to break even
- 0.457%
Slippage from Backpack: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago | 2.11 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.70 bp | 13.2 bp −$13 | 42.5 bp −$425 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
Bybit0.7088+5.101%Extended0.7090+5.133%Reya0.7091+5.150%Binance0.7092+5.160%01 Exchange0.7092+5.160%BingX0.7092+5.160%Aevo0.7092+5.163%SoDEX0.7094+5.182%
Injective
Bybit
Extended
Reya
Binance
BingX
Aevo
SoDEXOKX0.7094+5.190%
Bitget0.7095+5.205%Orderly0.7095+5.205%Deribit0.7095+5.205%SunX0.7096+5.219%GMX0.7097+5.230%Lighter0.7097+5.233%MEXC0.7097+5.234%Polymarket Perps0.7097+5.240%gTrade (Gains Network)0.7098+5.244%BloFin0.7098+5.249%Gate0.7101+5.294%edgeX0.7103+5.323%KuCoin0.7103+5.323%
Bitget
Orderly
Deribit
SunX
GMX
Lighter
MEXC
Polymarket Perps
gTrade (Gains Network)
BloFin
Gate
KuCoinBackpack0.7103+5.323%
Aster0.7104+5.342%Kraken Futures0.7105+5.351%Pacifica0.7106+5.367%Hyperliquid0.7110+5.426%Variational Omni0.7110+5.430%ApeX Omni0.7121+5.590%Phoenix0.7124+5.638%Coinbase International0.7131+5.738%
Aster
Kraken Futures
Pacifica
Hyperliquid
Variational Omni
ApeX Omni
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 | −5.054% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.211% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.180% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.164% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Binance VIRTUALUSDT | −0.155% | +0.0100% | 4h | $16.4M | $37.3M | 75x | as long as short |
| 01 Exchange VIRTUALUSD | −0.155% | −0.0168% | 1h | $2K | $131 | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.155% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Aevo VIRTUAL-PERP | −0.152% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| SoDEX VIRTUAL-USD | −0.134% | −0.0038% | 1h | $212 | $8K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAPshort | −0.127% | +0.0100% | 4h | $2.8M | $10.3M | 20x |