Spread before costs (cost unknown: a leg has no order-book sample)+0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$3.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7095 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $16.6M | $35.0M | 75x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7096 | −0.0032 | pay 0.0004% / 1h | 57m 34s | $15K | $20K | 10x |
Binance VIRTUALUSDT
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- $1.38
- Funding while held
- −$3.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$19.58
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 16 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0132%
- Per $10,000 a day
- −$3.95
- 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, 16 min ago | 0.71 bp | 9.6 bp −$10 | 20.5 bp −$205 | 102.6 bp −$10.3K | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.6744cheapestPhoenix0.7076+4.923%edgeX0.7079+4.969%ApeX Omni0.7086+5.071%Extended0.7089+5.115%Bybit0.7091+5.145%MEXC0.7091+5.145%BloFin0.7091+5.145%Reya0.7091+5.147%01 Exchange0.7092+5.160%BingX0.7093+5.175%Aevo0.7093+5.177%Polymarket Perps0.7093+5.178%OKX0.7094+5.190%Gate0.7094+5.190%KuCoin0.7094+5.190%Orderly0.7094+5.190%Aster0.7094+5.197%SunX0.7095+5.205%SoDEX0.7095+5.205%
Injective
Phoenix
ApeX Omni
Extended
Bybit
MEXC
BloFin
Reya
BingX
Aevo
Polymarket Perps
OKX
Gate
KuCoin
Orderly
Aster
SunX
SoDEXBinance0.7095+5.205%
Lighter0.7096+5.215%
LighterDeribit0.7096+5.219%
Coinbase International0.7096+5.219%Pacifica0.7096+5.222%Bitget0.7097+5.234%Variational Omni0.7097+5.235%Backpack0.7098+5.249%GMX0.7102+5.304%Hyperliquid0.7102+5.307%gTrade (Gains Network)0.7102+5.312%Kraken Futures0.7104+5.343%
Coinbase International
Pacifica
Bitget
Variational Omni
Backpack
GMX
Hyperliquid
gTrade (Gains Network)
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.947% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.268% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.225% | +0.0100% | 4h | $18K | $252K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.127% | +0.0100% | 1h | $42K | $234K | 50x | as long as short |
| Extended VIRTUAL-USD | −0.085% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.057% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| MEXC VIRTUAL_USDT | −0.057% | +0.0100% | 4h | $16.4M | $3.7M | 100x | as long as short |
| BloFin VIRTUAL-USDT | −0.057% | +0.0340% | 4h | $843K | $719K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.055% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.043% | −0.0240% | 1h | $2K | $539 | 10x | as long as short |