After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.106%7d average+0.032%fees + slippage, in and out−$34spread needed0.337%
| 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 | 1h 14m | $15.9M | $35.7M | 75x |
| Short | Polymarket Perps VIRTUAL-USD | 0.7026 | 0.0100 | get 0.0013% / 1h | 14m 46s | $33K | $764K | 5x |
Binance VIRTUALUSDT
Polymarket Perps 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
- $10.61
- Funding while held
- $0
- Slippage, 4 orders
- −$15.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$23.13
- Spread needed to break even
- 0.337%
Slippage from Binance: live order book, 13 min ago; Polymarket Perps: live order book, 20 min ago.
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 | 9.4 bp −$9 | 20.2 bp −$202 | 100.4 bp −$10.0K | doesn't fit |
| Sell Polymarket Perps live order book, 20 min ago | 0.07 bp | 9.2 bp −$9 | 9.2 bp −$92 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Phoenix0.6988cheapestInjective0.6992+0.059%edgeX0.7012+0.346%ApeX Omni0.7014+0.374%Lighter0.7016+0.401%Extended0.7017+0.418%OKX0.7018+0.431%
Phoenix
Injective
ApeX Omni
Lighter
Extended
OKXBinance0.7018+0.433%
Bybit0.7019+0.445%MEXC0.7019+0.445%01 Exchange0.7020+0.459%Gate0.7020+0.459%BloFin0.7020+0.459%BingX0.7021+0.474%SoDEX0.7022+0.481%Aevo0.7022+0.483%Variational Omni0.7022+0.484%KuCoin0.7022+0.488%Reya0.7023+0.499%Aster0.7024+0.515%Bitget0.7024+0.517%Backpack0.7024+0.517%Orderly0.7024+0.517%Pacifica0.7025+0.529%SunX0.7025+0.531%Deribit0.7025+0.531%GMX0.7025+0.537%
Bybit
MEXC
Gate
BloFin
BingX
SoDEX
Aevo
Variational Omni
KuCoin
Reya
Aster
Bitget
Backpack
Orderly
Pacifica
SunX
Deribit
GMXPolymarket Perps0.7026+0.540%
Hyperliquid0.7026+0.542%gTrade (Gains Network)0.7026+0.544%Kraken Futures0.7031+0.624%Coinbase International0.7033+0.645%
Hyperliquid
gTrade (Gains Network)
Kraken Futures
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VIRTUAL | −0.431% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Injective VIRTUAL/USDC PERP | −0.373% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.086% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.059% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Lighter VIRTUAL | −0.032% | −0.0168% | 1h | $319K | $389K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.015% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.002% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| Binance VIRTUALUSDTlong | 0.000% | +0.0100% | 4h | $15.9M | $35.7M | 75x | |
| Bybit VIRTUALUSDT | +0.012% | −0.0078% | 4h | $15.3M | $15.4M | 50x | as long as short |
| MEXC VIRTUAL_USDT | +0.012% | +0.0100% | 4h | $16.2M | $4.0M | 100x | as long as short |