After costs, if the gap returns to its 7d average, $10k−$46
spread now−0.057%7d average−0.012%fees + slippage, in and out−$41spread needed0.414%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7072 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $16.6M | $35.0M | 75x |
| Short | Bybit VIRTUALUSDT | 0.7068 | 0.0100 | get 0.0050% / 4h | 1h 59m | $15.6M | $15.2M | 50x |
Binance VIRTUALUSDT
Bybit VIRTUALUSDTPrice 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
- −$5.66
- Funding while held
- $0
- Slippage, 4 orders
- −$20.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.11
- Spread needed to break even
- 0.414%
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 5 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 Binance live order book, 13 min ago | 0.71 bp | 9.6 bp −$10 | 20.5 bp −$205 | 102.6 bp −$10.3K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.71 bp | 9.9 bp −$10 | 21.1 bp −$211 | 143.7 bp −$14.4K | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestExtended0.7067+4.791%
Injective
ExtendedBybit0.7068+4.804%
BingX0.7070+4.834%
BingXBinance0.7072+4.864%
OKX0.7072+4.864%Gate0.7072+4.864%KuCoin0.7073+4.878%Polymarket Perps0.7073+4.881%Backpack0.7074+4.893%Deribit0.7074+4.893%Reya0.7074+4.895%Aevo0.7075+4.903%MEXC0.7075+4.908%Orderly0.7075+4.908%SoDEX0.7076+4.915%Lighter0.7077+4.941%Bitget0.7078+4.953%gTrade (Gains Network)0.7078+4.958%Aster0.7080+4.976%GMX0.7080+4.982%Hyperliquid0.7080+4.987%SunX0.7081+4.997%Kraken Futures0.7084+5.045%01 Exchange0.7085+5.056%Coinbase International0.7088+5.101%Pacifica0.7094+5.190%BloFin0.7095+5.205%Variational Omni0.7097+5.235%ApeX Omni0.7099+5.264%edgeX0.7105+5.359%Phoenix0.7109+5.411%
OKX
Gate
KuCoin
Polymarket Perps
Backpack
Deribit
Reya
Aevo
MEXC
Orderly
SoDEX
Lighter
Bitget
gTrade (Gains Network)
Aster
GMX
Hyperliquid
SunX
Kraken Futures
Coinbase International
Pacifica
BloFin
Variational Omni
ApeX Omni
PhoenixVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.638% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.069% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDTshort | −0.057% | +0.0100% | 4h | $15.6M | $15.2M | 50x | |
| BingX VIRTUAL-USDT | −0.028% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Binance VIRTUALUSDTlong | 0.000% | +0.0100% | 4h | $16.6M | $35.0M | 75x | |
| OKX VIRTUAL-USDT-SWAP | 0.000% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Gate VIRTUAL_USDT | 0.000% | +0.0100% | 4h | $1.5M | $2.9M | 75x | as long as short |
| KuCoin VIRTUALUSDTM | +0.014% | +0.0100% | 4h | $3.0M | $4.1M | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.017% | −0.0530% | 1h | $30K | $778K | 5x | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.028% | +0.0100% | 1h | $230K | $163K | 10x | as long as short |