data as of
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Price arb /

VIRTUAL

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Spread before costs (cost unknown: a leg has no order-book sample)−0.084%
7d average−0.007%if it closes, per $10,000$8funding while held, a day−$7.13
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX VIRTUAL-USDT0.69660.0100pay 0.0050% / 4h1h 59m—$8.2M—
ShortVariational Omni VIRTUAL0.6960−0.0138pay 0.0069% / 4h1h 59m$522K$847K—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$8.38
Funding while held
−$7.13
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$25.51
Spread needed to break even
0.100%
Slippage unknown: BingX: live order book, 15 min ago; Variational Omni: RFQ quote, 41 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0238%
Per $10,000 a day
−$7.13
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 15 min ago0.71 bp7.3 bp −$710.6 bp −$10619.8 bp −$1,98167.4 bp −$33.7K
Sell Variational Omni RFQ quote, 41 min ago4.28 bpdoesn't fit17.1 bp −$171doesn't fitdoesn't fit

VIRTUAL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.6744cheapestApeX Omni0.6941+2.921%edgeX0.6942+2.936%Phoenix0.6945+2.977%Lighter0.6956+3.148%01 Exchange0.6958+3.173%Reya0.6959+3.189%
Variational Omni0.6960+3.205%
SoDEX0.6960+3.210%SunX0.6961+3.218%Aevo0.6962+3.227%Polymarket Perps0.6962+3.230%Orderly0.6962+3.233%KuCoin0.6963+3.247%Deribit0.6963+3.247%Bybit0.6964+3.262%BloFin0.6964+3.262%Extended0.6965+3.282%Aster0.6965+3.282%Gate0.6966+3.292%
BingX0.6966+3.292%
gTrade (Gains Network)0.6966+3.293%GMX0.6966+3.295%Binance0.6967+3.307%OKX0.6967+3.307%Backpack0.6967+3.307%Pacifica0.6971+3.366%Bitget0.6972+3.381%Kraken Futures0.6973+3.398%Hyperliquid0.6975+3.419%MEXC0.6975+3.425%Coinbase International0.6975+3.425%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−3.187%+0.0033%1h$43$28K5.5xas long as short
ApeX Omni VIRTUALUSDT−0.359%+0.0065%1h$40K$241K50xas long as short
edgeX VIRTUALUSDC−0.345%+0.0100%4h$18K$257K10xas long as short
Phoenix VIRTUAL−0.304%−0.0159%1h$11K$54K5xas long as short
Lighter VIRTUAL−0.139%−0.0160%1h$316K$391K5xas long as short
01 Exchange VIRTUALUSD−0.115%−0.0168%1h$2K$13110xas long as short
Reya VIRTUALRUSDPERP−0.099%−0.0139%1h$23—10xas long as short
Variational Omni VIRTUALshort−0.084%−0.0138%4h$522K$847K—
SoDEX VIRTUAL-USD−0.079%−0.0024%1h$1K$9K5xas long as short
SunX VIRTUAL-USDT−0.072%+0.0100%4h$1K$1.2M20xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo VIRTUAL-PERP−0.062%+0.0104%1h$17K$5053xas long as short
Polymarket Perps VIRTUAL-USD−0.060%+0.0100%1h$33K$765K5xas long as short
Orderly PERP_VIRTUAL_USDC−0.057%+0.0056%4h$14K$1.5M10xas long as short
KuCoin VIRTUALUSDTM−0.043%+0.0100%4h$3.0M$4.2M50xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.043%−0.0181%1h$15K$40K10xas long as short
Bybit VIRTUALUSDT−0.029%−0.0213%4h$15.2M$15.5M50xas long as short
BloFin VIRTUAL-USDT−0.029%+0.0340%4h$815K$764K75xas long as short
Extended VIRTUAL-USD−0.010%+0.0104%1h$54K$243K10xas long as short
Aster VIRTUALUSDT−0.009%+0.0100%4h$178K$60K20xas long as short
Gate VIRTUAL_USDT0.000%+0.0070%4h$1.4M$3.2M75xas long as short
BingX VIRTUAL-USDTlong0.000%+0.0100%4h—$8.2M—
gTrade (Gains Network) VIRTUAL/USD+0.001%L +0.0007% / S −0.0004%1h$12K—150xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]+0.003%L +0.0295% / S −0.0228%1h$29K—100xas long as short
Binance VIRTUALUSDT+0.014%+0.0100%4h$15.7M$36.0M75xas long as short
OKX VIRTUAL-USDT-SWAP+0.014%+0.0100%4h$2.7M$9.7M20xas long as short
Backpack VIRTUAL_USDC_PERP+0.014%+0.0100%1h$229K$172K10xas long as short
Pacifica VIRTUAL+0.072%+0.0100%1h$72K$41K5xas long as short
Bitget VIRTUALUSDT+0.086%+0.0100%4h$6.0M$5.3M25xas long as short
Kraken Futures PF_VIRTUALUSD+0.103%+0.0191%1h$509K$516K50xas long as short
Hyperliquid VIRTUAL+0.123%+0.0100%1h$8.6M$3.7M5xas long as short
MEXC VIRTUAL_USDT+0.129%+0.0100%4h$15.9M$4.1M100xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.129%+0.0472%1h$189K$117K50xas long as short