Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average−0.014%if it closes, per $10,000$0funding while held, a day−$0.65
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VIRTUAL-USDT | 0.7094 | 0.0100 | pay 0.0050% / 4h | 1h 58m | — | $8.3M | — |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7094 | 0.0078 | get 0.0039% / 4h | 1h 58m | $14K | $1.5M | 10x |
BingX VIRTUAL-USDT
Orderly PERP_VIRTUAL_USDCPrice 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
- $0
- Funding while held
- −$0.65
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$16.65
- Spread needed to break even
- 0.160%
Slippage unknown: BingX: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.65
- 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 Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective0.6744cheapestPhoenix0.7076+4.923%01 Exchange0.7085+5.056%BloFin0.7091+5.145%Reya0.7091+5.147%Bybit0.7092+5.160%OKX0.7092+5.160%Extended0.7092+5.164%Aevo0.7093+5.177%Polymarket Perps0.7093+5.178%Pacifica0.7094+5.190%
Injective
Phoenix
BloFin
Reya
Bybit
OKX
Extended
Aevo
Polymarket Perps
PacificaBingX0.7094+5.190%
Orderly0.7094+5.190%
MEXC0.7095+5.205%SunX0.7095+5.205%SoDEX0.7095+5.205%Binance0.7096+5.219%Gate0.7096+5.219%Deribit0.7096+5.219%Coinbase International0.7096+5.219%Lighter0.7097+5.227%Aster0.7097+5.227%Variational Omni0.7097+5.235%edgeX0.7097+5.237%KuCoin0.7098+5.249%Backpack0.7098+5.249%ApeX Omni0.7099+5.264%Bitget0.7100+5.279%GMX0.7102+5.304%gTrade (Gains Network)0.7102+5.312%Kraken Futures0.7104+5.343%Hyperliquid0.7105+5.353%
MEXC
SunX
SoDEX
Binance
Gate
Deribit
Coinbase International
Lighter
Aster
Variational Omni
KuCoin
Backpack
ApeX Omni
Bitget
GMX
gTrade (Gains Network)
Kraken Futures
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.934% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.254% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.127% | −0.0256% | 1h | $2K | $539 | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.042% | +0.0340% | 4h | $843K | $719K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.041% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.028% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.028% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.025% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.012% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.011% | −0.0361% | 1h | $31K | $778K | 5x | as long as short |