Spread before costs (cost unknown: a leg has no order-book sample)−0.038%
7d average—if it closes, per $10,000$4funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VIRTUALUSDT | 0.7100 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $6.0M | $5.5M | 25x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7097 | L +0.0007% / S −0.0004% | get 0.0001% / 1h | 57m 07s | $12K | — | 150x |
Bitget VIRTUALUSDT
gTrade (Gains Network) VIRTUAL/USDPrice 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
- −$3.8
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$28.68
- Spread needed to break even
- 0.220%
Slippage unknown: Bitget: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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, 3 min ago | 0.71 bp | 12.1 bp −$12 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Injective0.6744cheapest
Phoenix0.7076+4.923%edgeX0.7079+4.969%ApeX Omni0.7086+5.071%Polymarket Perps0.7091+5.147%Extended0.7092+5.156%Reya0.7092+5.158%01 Exchange0.7092+5.160%Bybit0.7093+5.175%Aevo0.7094+5.189%Orderly0.7094+5.190%SoDEX0.7095+5.205%Deribit0.7095+5.205%BloFin0.7096+5.219%Pacifica0.7096+5.222%Lighter0.7097+5.234%OKX0.7097+5.234%Gate0.7097+5.234%MEXC0.7097+5.234%SunX0.7097+5.234%Variational Omni0.7097+5.235%
Injective
Phoenix
ApeX Omni
Polymarket Perps
Extended
Reya
Bybit
Aevo
Orderly
SoDEX
Deribit
BloFin
Pacifica
Lighter
OKX
Gate
MEXC
SunX
Variational OmnigTrade (Gains Network)0.7097+5.239%
Binance0.7097+5.240%Aster0.7098+5.246%KuCoin0.7098+5.249%BingX0.7098+5.249%GMX0.7098+5.251%
Binance
Aster
KuCoin
BingX
GMXBitget0.7100+5.279%
Backpack0.7100+5.279%Kraken Futures0.7102+5.313%Hyperliquid0.7104+5.343%Coinbase International0.7107+5.383%
Backpack
Kraken Futures
Hyperliquid
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 | −5.014% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.338% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.294% | +0.0100% | 4h | $18K | $252K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.197% | +0.0100% | 1h | $42K | $234K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.125% | −0.0371% | 1h | $30K | $778K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.116% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.115% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.113% | −0.0240% | 1h | $2K | $539 | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.099% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| Aevo VIRTUAL-PERP | −0.085% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |