After costs, if the gap returns to its 7d average, $10k−$40
spread now+0.295%7d average+0.085%fees + slippage, in and out−$61spread needed0.611%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7046 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $16.3M | $36.9M | 75x |
| Short | Kraken Futures PF_VIRTUALUSD | 0.7067 | 0.0774 | get 0.0097% / 1h | 21m 03s | $515K | $633K | 50x |
Binance VIRTUALUSDT
Kraken Futures PF_VIRTUALUSDPrice 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
- $29.53
- Funding while held
- $20.21
- Slippage, 4 orders
- −$41.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.34
- Spread needed to break even
- 0.611%
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 23 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0674%
- Per $10,000 a day
- +$20.21
- 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 | 11.0 bp −$11 | 22.5 bp −$225 | 101.3 bp −$10.1K | doesn't fit |
| Sell Kraken Futures live order book, 23 min ago | 4.21 bp | 19.2 bp −$19 | 50.4 bp −$504 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
InjectiveBinance0.7046+4.474%
BingX0.7049+4.523%Lighter0.7050+4.536%Bybit0.7050+4.537%OKX0.7051+4.552%MEXC0.7051+4.552%Gate0.7052+4.567%SoDEX0.7052+4.567%01 Exchange0.7053+4.582%KuCoin0.7053+4.582%Aevo0.7053+4.588%Extended0.7054+4.596%Orderly0.7054+4.597%BloFin0.7054+4.597%Reya0.7054+4.598%Deribit0.7055+4.612%Backpack0.7056+4.626%Bitget0.7057+4.641%SunX0.7058+4.656%Polymarket Perps0.7059+4.674%Aster0.7060+4.686%GMX0.7060+4.687%Hyperliquid0.7061+4.700%gTrade (Gains Network)0.7062+4.719%Pacifica0.7064+4.740%
BingX
Lighter
Bybit
OKX
MEXC
Gate
SoDEX
KuCoin
Aevo
Extended
Orderly
BloFin
Reya
Deribit
Backpack
Bitget
SunX
Polymarket Perps
Aster
GMX
Hyperliquid
gTrade (Gains Network)
PacificaKraken Futures0.7067+4.782%
edgeX0.7070+4.834%Phoenix0.7074+4.899%Coinbase International0.7081+4.997%Variational Omni0.7090+5.125%ApeX Omni0.7093+5.175%
Phoenix
Coinbase International
Variational Omni
ApeX OmniVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.282% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Binance VIRTUALUSDTlong | 0.000% | +0.0100% | 4h | $16.3M | $36.9M | 75x | |
| BingX VIRTUAL-USDT | +0.047% | +0.0100% | 4h | — | $8.1M | — | as long as short |
| Lighter VIRTUAL | +0.060% | −0.0104% | 1h | $320K | $412K | 5x | as long as short |
| Bybit VIRTUALUSDT | +0.061% | +0.0008% | 4h | $15.6M | $15.9M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.075% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |
| MEXC VIRTUAL_USDT | +0.075% | +0.0100% | 4h | $15.9M | $4.1M | 100x | as long as short |
| Gate VIRTUAL_USDT | +0.089% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| SoDEX VIRTUAL-USD | +0.089% | −0.0172% | 1h | $406 | $8K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | +0.104% | −0.0208% | 1h | $2K | $131 | 10x | as long as short |