Spread before costs (cost unknown: a leg has no order-book sample)+0.008%
7d average—if it closes, per $10,000$1funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7015 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $16.4M | $35.3M | 75x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7015 | L +0.0007% / S −0.0004% | get 0.0001% / 1h | 51m 27s | $12K | — | 150x |
Binance VIRTUALUSDT
gTrade (Gains Network) VIRTUAL/USDPrice 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
- $0.75
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$22.12
- Spread needed to break even
- 0.200%
Slippage unknown: Binance: live order book, 7 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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 Binance live order book, 7 min ago | 0.70 bp | 11.6 bp −$12 | 23.3 bp −$233 | 104.4 bp −$10.4K | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Injective0.6744cheapestBloFin0.6986+3.588%edgeX0.6996+3.729%ApeX Omni0.6999+3.781%Bybit0.7008+3.915%OKX0.7010+3.944%Orderly0.7010+3.944%Reya0.7012+3.974%Phoenix0.7013+3.993%Gate0.7014+4.004%Extended0.7014+4.006%
Injective
BloFin
ApeX Omni
Bybit
OKX
Orderly
Reya
Phoenix
Gate
ExtendedBinance0.7015+4.018%
Polymarket Perps0.7015+4.020%
Polymarket PerpsgTrade (Gains Network)0.7015+4.025%
BingX0.7016+4.033%GMX0.7017+4.047%MEXC0.7017+4.048%KuCoin0.7018+4.063%SoDEX0.7018+4.063%Aevo0.7018+4.067%Lighter0.7018+4.067%Aster0.7019+4.071%01 Exchange0.7019+4.078%Bitget0.7019+4.078%Backpack0.7019+4.078%Deribit0.7020+4.093%Pacifica0.7022+4.122%SunX0.7025+4.167%Kraken Futures0.7028+4.216%Hyperliquid0.7029+4.229%Variational Omni0.7097+5.241%Coinbase International0.7107+5.383%
BingX
GMX
MEXC
KuCoin
SoDEX
Aevo
Lighter
Aster
Bitget
Backpack
Deribit
Pacifica
SunX
Kraken Futures
Hyperliquid
Variational 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 | −3.862% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| BloFin VIRTUAL-USDT | −0.413% | +0.0340% | 4h | $831K | $740K | 75x | as long as short |
| edgeX VIRTUALUSDC | −0.277% | +0.0100% | 4h | $18K | $253K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.227% | −0.0179% | 1h | $41K | $242K | 50x | as long as short |
| Bybit VIRTUALUSDT | −0.099% | +0.0049% | 4h | $15.4M | $15.3M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.070% | +0.0100% | 4h | $2.7M | $10.1M | 20x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.070% | +0.0073% | 4h | $14K | $1.5M | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.042% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Phoenix VIRTUAL | −0.023% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Gate VIRTUAL_USDT | −0.013% | +0.0100% | 4h | $1.4M | $2.9M | 75x | as long as short |