After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.043%7d average−0.016%fees + slippage, in and out−$38spread needed0.379%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VIRTUAL-USDT | 0.7006 | 0.0100 | pay 0.0050% / 4h | 2h 42m | — | $8.1M | — |
| Short | Bybit VIRTUALUSDT | 0.7003 | −0.0298 | pay 0.0149% / 4h | 2h 42m | $15.4M | $15.5M | 50x |
BingX VIRTUAL-USDT
Bybit VIRTUALUSDTPrice 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
- −$4.28
- Funding while held
- −$11.93
- Slippage, 4 orders
- −$16.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.07
- Spread needed to break even
- 0.379%
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0398%
- Per $10,000 a day
- −$11.93
- 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 BingX live order book, 2 min ago | 1.42 bp | 7.6 bp −$8 | 12.3 bp −$123 | 26.2 bp −$2,623 | 83.7 bp −$41.8K |
| Sell Bybit live order book, 3 min ago | 1.42 bp | 11.1 bp −$11 | 21.1 bp −$211 | 123.7 bp −$12.4K | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestOKX0.7001+3.811%
Injective
OKXBybit0.7003+3.840%
MEXC0.7003+3.840%Lighter0.7003+3.843%Extended0.7005+3.863%Binance0.7005+3.870%SoDEX0.7005+3.870%Gate0.7006+3.885%Bitget0.7006+3.885%
MEXC
Lighter
Extended
Binance
SoDEX
Gate
BitgetBingX0.7006+3.885%
Aevo0.7007+3.897%KuCoin0.7007+3.900%01 Exchange0.7008+3.915%Backpack0.7009+3.929%Orderly0.7009+3.929%Deribit0.7009+3.929%Reya0.7011+3.964%SunX0.7014+4.004%Aster0.7014+4.007%Hyperliquid0.7014+4.009%Polymarket Perps0.7014+4.009%Pacifica0.7016+4.036%gTrade (Gains Network)0.7017+4.049%GMX0.7017+4.053%Kraken Futures0.7020+4.093%BloFin0.7023+4.137%Phoenix0.7032+4.272%ApeX Omni0.7047+4.493%edgeX0.7048+4.511%Variational Omni0.7067+4.793%Coinbase International0.7113+5.472%
Aevo
KuCoin
Backpack
Orderly
Deribit
Reya
SunX
Aster
Hyperliquid
Polymarket Perps
Pacifica
gTrade (Gains Network)
GMX
Kraken Futures
BloFin
Phoenix
ApeX Omni
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 | −3.740% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.071% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Bybit VIRTUALUSDTshort | −0.043% | −0.0298% | 4h | $15.4M | $15.5M | 50x | |
| MEXC VIRTUAL_USDT | −0.043% | +0.0100% | 4h | $15.9M | $4.0M | 100x | as long as short |
| Lighter VIRTUAL | −0.040% | −0.0216% | 1h | $318K | $389K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.021% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| Binance VIRTUALUSDT | −0.014% | +0.0100% | 4h | $16.0M | $36.2M | 75x | as long as short |
| SoDEX VIRTUAL-USD | −0.014% | −0.0136% | 1h | $1K | $9K | 5x | as long as short |
| Gate VIRTUAL_USDT | 0.000% | +0.0084% | 4h | $1.4M | $3.0M | 75x | as long as short |
| Bitget VIRTUALUSDT | 0.000% | +0.0100% | 4h | $6.0M | $5.3M | 25x | as long as short |