Spread before costs (cost unknown: a leg has no order-book sample)+0.047%
7d average—if it closes, per $10,000$5funding while held, a day+$3.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7018 | 0.0100 | pay 0.0050% / 4h | 58m 15s | $16.0M | $35.8M | 75x |
| Short | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7021 | L +0.0296% / S −0.0228% | get 0.0029% / 1h | 58m 15s | $30K | — | 100x |
Binance VIRTUALUSDT
GMX VIRTUAL/USD [WBTC.b-USDC]Price 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
- $4.68
- Funding while held
- $3.85
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$13.47
- Spread needed to break even
- 0.220%
Slippage unknown: Binance: live order book, 15 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0128%
- Per $10,000 a day
- +$3.85
- 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, 15 min ago | 0.71 bp | 10.3 bp −$10 | 22.0 bp −$220 | 102.5 bp −$10.3K | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective0.6992cheapestBybit0.7013+0.300%Lighter0.7015+0.330%MEXC0.7017+0.358%01 Exchange0.7018+0.372%
Injective
Bybit
Lighter
MEXCBinance0.7018+0.374%
Reya0.7018+0.374%Extended0.7018+0.376%SoDEX0.7018+0.379%OKX0.7019+0.386%Orderly0.7019+0.386%Aevo0.7019+0.387%BingX0.7020+0.400%Backpack0.7020+0.400%SunX0.7021+0.415%Deribit0.7021+0.415%
Reya
Extended
SoDEX
OKX
Orderly
Aevo
BingX
Backpack
SunX
DeribitGMX0.7021+0.421%
Gate0.7022+0.429%KuCoin0.7022+0.429%BloFin0.7022+0.429%Polymarket Perps0.7022+0.432%Pacifica0.7022+0.435%Bitget0.7023+0.443%gTrade (Gains Network)0.7023+0.450%Aster0.7024+0.451%Variational Omni0.7025+0.467%Hyperliquid0.7027+0.506%edgeX0.7028+0.514%ApeX Omni0.7032+0.572%Kraken Futures0.7033+0.580%Phoenix0.7041+0.701%Coinbase International0.7045+0.758%
Gate
KuCoin
BloFin
Polymarket Perps
Pacifica
Bitget
gTrade (Gains Network)
Aster
Variational Omni
Hyperliquid
ApeX Omni
Kraken Futures
Phoenix
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 | −0.373% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.073% | −0.0062% | 4h | $15.2M | $15.3M | 50x | as long as short |
| Lighter VIRTUAL | −0.043% | −0.0264% | 1h | $319K | $388K | 5x | as long as short |
| MEXC VIRTUAL_USDT | −0.016% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |
| 01 Exchange VIRTUALUSD | −0.002% | −0.0096% | 1h | $2K | $131 | 10x | as long as short |
| Binance VIRTUALUSDTlong | 0.000% | +0.0100% | 4h | $16.0M | $35.8M | 75x | |
| Reya VIRTUALRUSDPERP | 0.000% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Extended VIRTUAL-USD | +0.002% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| SoDEX VIRTUAL-USD | +0.005% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.012% | +0.0100% | 4h | $2.7M | $9.4M | 20x | as long as short |