After costs, if the gap returns to its 7d average, $10k−$59
spread now+0.141%7d average+0.272%fees + slippage, in and out−$46spread needed0.455%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VIRTUAL-USDT | 0.7086 | 0.0100 | pay 0.0050% / 4h | 1h 58m | — | $8.3M | — |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7096 | 0.0400 | get 0.0050% / 1h | 58m 37s | $194K | $149K | 50x |
BingX VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $14.11
- Funding while held
- $9
- Slippage, 4 orders
- −$25.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$22.41
- Spread needed to break even
- 0.455%
Slippage from BingX: live order book, 1 min ago; Coinbase International: live order book, 61 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0300%
- Per $10,000 a day
- +$9.00
- 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 BingX live order book, 1 min ago | 1.41 bp | 9.2 bp −$9 | 13.3 bp −$133 | 21.8 bp −$2,183 | 103.6 bp −$51.8K |
| Sell Coinbase International live order book, 61 min ago | 6.33 bp | 11.3 bp −$11 | 1022.0 bp −$10.2K | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestSoDEX0.7076+4.915%Extended0.7076+4.920%Phoenix0.7076+4.923%Polymarket Perps0.7079+4.975%01 Exchange0.7080+4.982%Reya0.7080+4.988%Bybit0.7086+5.071%
Injective
SoDEX
Extended
Phoenix
Polymarket Perps
Reya
BybitBingX0.7086+5.071%
gTrade (Gains Network)0.7087+5.083%GMX0.7087+5.085%MEXC0.7087+5.086%Deribit0.7087+5.086%Aster0.7087+5.086%Aevo0.7087+5.090%Gate0.7088+5.101%Orderly0.7088+5.101%Lighter0.7088+5.107%OKX0.7089+5.116%BloFin0.7091+5.145%Hyperliquid0.7092+5.160%Binance0.7092+5.160%KuCoin0.7093+5.175%Bitget0.7093+5.175%Backpack0.7093+5.175%Pacifica0.7094+5.190%SunX0.7095+5.205%
gTrade (Gains Network)
GMX
MEXC
Deribit
Aster
Aevo
Gate
Orderly
Lighter
OKX
BloFin
Hyperliquid
Binance
KuCoin
Bitget
Backpack
Pacifica
SunXCoinbase International0.7096+5.219%
Variational Omni0.7097+5.235%edgeX0.7097+5.237%ApeX Omni0.7099+5.264%Kraken Futures0.7100+5.280%
Variational Omni
ApeX Omni
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.826% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| SoDEX VIRTUAL-USD | −0.148% | −0.0016% | 1h | $211 | $8K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.144% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Phoenix VIRTUAL | −0.141% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.092% | +0.0100% | 1h | $30K | $778K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.085% | −0.0224% | 1h | $2K | $539 | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.079% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | 0.000% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| BingX VIRTUAL-USDTlong | 0.000% | +0.0100% | 4h | — | $8.3M | — | |
| gTrade (Gains Network) VIRTUAL/USD | +0.011% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |