Spread before costs (cost unknown: a leg has no order-book sample)+0.041%
7d average—if it closes, per $10,000$4funding while held, a day−$7.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7010 | 0.0100 | pay 0.0013% / 1h | 40m 14s | $230K | $174K | 10x |
| Short | Reya VIRTUALRUSDPERP | 0.7013 | −0.0139 | pay 0.0017% / 1h | 40m 14s | $23 | — | 10x |
Backpack VIRTUAL_USDC_PERP
Reya VIRTUALRUSDPERPPrice 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
- $4.1
- Funding while held
- −$7.18
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$19.08
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 64 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0239%
- Per $10,000 a day
- −$7.18
- 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, 64 min ago | 2.11 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective0.6744cheapestVariational Omni0.6999+3.779%Bybit0.7005+3.870%Lighter0.7005+3.876%BloFin0.7006+3.885%OKX0.7007+3.900%Binance0.7008+3.922%SoDEX0.7009+3.929%
Injective
Variational Omni
Bybit
Lighter
BloFin
OKX
Binance
SoDEXBackpack0.7010+3.944%
Aevo0.7010+3.951%BingX0.7011+3.959%Extended0.7011+3.965%
Aevo
BingX
ExtendedReya0.7013+3.987%
MEXC0.7013+3.989%Bitget0.7013+3.989%Deribit0.7013+3.989%Orderly0.7014+4.004%01 Exchange0.7015+4.018%Gate0.7015+4.018%KuCoin0.7017+4.048%Pacifica0.7017+4.054%GMX0.7018+4.061%Polymarket Perps0.7018+4.069%Kraken Futures0.7018+4.069%gTrade (Gains Network)0.7019+4.073%Aster0.7019+4.076%SunX0.7023+4.137%Hyperliquid0.7024+4.158%Phoenix0.7032+4.272%ApeX Omni0.7047+4.493%edgeX0.7048+4.511%Coinbase International0.7113+5.472%
MEXC
Bitget
Deribit
Orderly
Gate
KuCoin
Pacifica
GMX
Polymarket Perps
Kraken Futures
gTrade (Gains Network)
Aster
SunX
Hyperliquid
Phoenix
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 | −3.795% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.159% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Bybit VIRTUALUSDT | −0.071% | −0.0308% | 4h | $15.3M | $15.5M | 50x | as long as short |
| Lighter VIRTUAL | −0.066% | −0.0184% | 1h | $318K | $389K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.057% | +0.0340% | 4h | $816K | $758K | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.043% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Binance VIRTUALUSDT | −0.022% | +0.0100% | 4h | $16.0M | $36.1M | 75x | as long as short |
| SoDEX VIRTUAL-USD | −0.014% | −0.0122% | 1h | $1K | $9K | 5x | as long as short |
| Backpack VIRTUAL_USDC_PERPlong | 0.000% | +0.0100% | 1h | $230K | $174K | 10x | |
| Aevo VIRTUAL-PERP | +0.007% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |