After costs, if the gap returns to its 7d average, $10k−$63
spread now+0.113%7d average+0.238%fees + slippage, in and out−$50spread needed0.504%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VIRTUALUSDT | 0.7080 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $6.0M | $5.5M | 25x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7088 | 0.0336 | get 0.0042% / 1h | 0m 13s | $194K | $149K | 50x |
Bitget VIRTUALUSDT
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
- $11.3
- Funding while held
- $7.08
- Slippage, 4 orders
- −$28.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$32.05
- Spread needed to break even
- 0.504%
Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0236%
- Per $10,000 a day
- +$7.08
- 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 Bitget live order book, 4 min ago | 2.12 bp | 11.7 bp −$12 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 59 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.Injective0.6744cheapestExtended0.7072+4.866%Polymarket Perps0.7073+4.881%Bybit0.7074+4.893%OKX0.7074+4.893%Deribit0.7074+4.893%Reya0.7074+4.895%Aevo0.7075+4.903%BingX0.7075+4.908%Orderly0.7075+4.908%SoDEX0.7076+4.915%Binance0.7076+4.923%Lighter0.7077+4.941%gTrade (Gains Network)0.7078+4.958%MEXC0.7080+4.982%
Injective
Extended
Polymarket Perps
Bybit
OKX
Deribit
Reya
Aevo
BingX
Orderly
SoDEX
Binance
Lighter
gTrade (Gains Network)
MEXCBitget0.7080+4.982%
GMX0.7080+4.982%Gate0.7081+4.997%SunX0.7081+4.997%Hyperliquid0.7084+5.039%Kraken Futures0.7084+5.045%01 Exchange0.7085+5.056%
GMX
Gate
SunX
Hyperliquid
Kraken FuturesCoinbase International0.7088+5.101%
Aster0.7091+5.151%KuCoin0.7093+5.175%Pacifica0.7094+5.190%BloFin0.7095+5.205%Variational Omni0.7097+5.235%Backpack0.7098+5.249%ApeX Omni0.7099+5.264%edgeX0.7105+5.359%Phoenix0.7109+5.411%
Aster
KuCoin
Pacifica
BloFin
Variational Omni
Backpack
ApeX Omni
PhoenixVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.746% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.111% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.096% | −0.0530% | 1h | $30K | $778K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.085% | +0.0100% | 4h | $15.6M | $15.1M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.085% | −0.0315% | 1h | $15K | $20K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.083% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.076% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| BingX VIRTUAL-USDT | −0.071% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.071% | +0.0078% | 4h | $14K | $1.5M | 10x | as long as short |