Spread before costs (cost unknown: a leg has no order-book sample)+0.254%
7d average—if it closes, per $10,000$25funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7076 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $16.6M | $35.0M | 75x |
| Short | Pacifica VIRTUAL | 0.7094 | 0.0100 | get 0.0013% / 1h | 0m 18s | $71K | $37K | 5x |
Binance VIRTUALUSDT
Pacifica VIRTUALPrice 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
- $25.44
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $7.44
- Spread needed to break even
- 0.180%
Slippage unknown: Binance: live order book, 13 min ago; Pacifica: no order-book sample. Net counts fees only.
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 Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Injective0.6744cheapestExtended0.7072+4.866%Polymarket Perps0.7073+4.881%Bybit0.7074+4.893%OKX0.7074+4.893%Deribit0.7074+4.893%Reya0.7074+4.895%Aevo0.7075+4.903%BingX0.7075+4.908%Orderly0.7075+4.908%SoDEX0.7076+4.915%
Injective
Extended
Polymarket Perps
Bybit
OKX
Deribit
Reya
Aevo
BingX
Orderly
SoDEXBinance0.7076+4.923%
Lighter0.7077+4.941%gTrade (Gains Network)0.7078+4.958%MEXC0.7080+4.982%Bitget0.7080+4.982%GMX0.7080+4.982%Gate0.7081+4.997%SunX0.7081+4.997%Hyperliquid0.7084+5.039%Kraken Futures0.7084+5.045%01 Exchange0.7085+5.056%Coinbase International0.7088+5.101%Aster0.7091+5.151%KuCoin0.7093+5.175%
Lighter
gTrade (Gains Network)
MEXC
Bitget
GMX
Gate
SunX
Hyperliquid
Kraken Futures
Coinbase International
Aster
KuCoinPacifica0.7094+5.190%
BloFin0.7095+5.205%Variational Omni0.7097+5.235%Backpack0.7098+5.249%ApeX Omni0.7099+5.264%edgeX0.7105+5.359%Phoenix0.7109+5.411%
BloFin
Variational Omni
Backpack
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 | −4.692% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.054% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.040% | −0.0530% | 1h | $30K | $778K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.028% | +0.0100% | 4h | $15.6M | $15.1M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.028% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.028% | −0.0315% | 1h | $15K | $20K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.026% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.019% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| BingX VIRTUAL-USDT | −0.014% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.014% | +0.0078% | 4h | $14K | $1.5M | 10x | as long as short |