Spread before costs (cost unknown: a leg has no order-book sample)−0.045%
7d average−0.053%if it closes, per $10,000$5funding while held, a day−$6.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VIRTUAL_USDC_PERP | 0.7020 | 0.0100 | pay 0.0013% / 1h | 39m 09s | $231K | $169K | 10x |
| Short | Variational Omni VIRTUAL | 0.7017 | −0.0129 | pay 0.0065% / 4h | 1h 39m | $527K | $847K | — |
Backpack VIRTUAL_USDC_PERP
Variational Omni VIRTUALPrice 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
- −$4.54
- Funding while held
- −$6.88
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$21.42
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 61 min ago; Variational Omni: RFQ quote, 61 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0229%
- Per $10,000 a day
- −$6.88
- 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, 61 min ago | 2.13 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 61 min ago | 4.28 bp | doesn't fit | 17.1 bp −$171 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestLighter0.7008+3.912%Bybit0.7008+3.915%MEXC0.7010+3.944%01 Exchange0.7011+3.959%Binance0.7011+3.966%Reya0.7012+3.971%OKX0.7012+3.974%Gate0.7013+3.989%BingX0.7014+4.004%Aevo0.7014+4.009%Extended0.7015+4.011%Polymarket Perps0.7015+4.012%Orderly0.7015+4.018%SoDEX0.7016+4.033%Deribit0.7016+4.033%BloFin0.7016+4.033%Pacifica0.7017+4.043%
Injective
Lighter
Bybit
MEXC
Binance
Reya
OKX
Gate
BingX
Aevo
Extended
Polymarket Perps
Orderly
SoDEX
Deribit
BloFin
PacificaVariational Omni0.7017+4.045%
KuCoin0.7017+4.048%Bitget0.7017+4.048%edgeX0.7018+4.057%Phoenix0.7018+4.057%SunX0.7018+4.063%GMX0.7018+4.065%Aster0.7019+4.073%Hyperliquid0.7019+4.081%gTrade (Gains Network)0.7020+4.088%
KuCoin
Bitget
Phoenix
SunX
GMX
Aster
Hyperliquid
gTrade (Gains Network)Backpack0.7020+4.093%
ApeX Omni0.7020+4.093%Kraken Futures0.7026+4.176%Coinbase International0.7033+4.285%
ApeX Omni
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 | −3.932% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.174% | −0.0336% | 1h | $318K | $389K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.171% | −0.0163% | 4h | $15.3M | $15.5M | 50x | as long as short |
| MEXC VIRTUAL_USDT | −0.142% | +0.0100% | 4h | $15.9M | $3.9M | 100x | as long as short |
| 01 Exchange VIRTUALUSD | −0.128% | −0.0184% | 1h | $2K | $131 | 10x | as long as short |
| Binance VIRTUALUSDT | −0.122% | +0.0100% | 4h | $15.8M | $35.9M | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.117% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.114% | +0.0100% | 4h | $2.7M | $9.6M | 20x | as long as short |
| Gate VIRTUAL_USDT | −0.100% | +0.0054% | 4h | $1.4M | $3.1M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.085% | +0.0100% | 4h | — | $8.2M | — | as long as short |