Spread before costs (cost unknown: a leg has no order-book sample)−0.290%
7d average—if it closes, per $10,000$29funding while held, a day−$7.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VIRTUALUSDT | 0.6965 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $5.9M | $5.3M | 25x |
| Short | Phoenix VIRTUAL | 0.6945 | −0.0159 | pay 0.0020% / 1h | 0m 21s | $11K | $54K | 5x |
Bitget VIRTUALUSDT
Phoenix VIRTUALPrice 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
- −$29
- Funding while held
- −$7.76
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$55.76
- Spread needed to break even
- 0.190%
Slippage unknown: Bitget: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0259%
- Per $10,000 a day
- −$7.76
- 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 | 1.44 bp | 13.5 bp −$14 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Injective0.6744cheapestApeX Omni0.6941+2.921%edgeX0.6942+2.936%
Injective
ApeX OmniPhoenix0.6945+2.977%
01 Exchange0.6958+3.173%Bybit0.6959+3.188%OKX0.6959+3.188%Reya0.6959+3.189%Variational Omni0.6960+3.205%Binance0.6961+3.218%Gate0.6961+3.218%MEXC0.6961+3.218%Lighter0.6962+3.225%Aevo0.6962+3.227%Extended0.6962+3.229%Polymarket Perps0.6962+3.230%KuCoin0.6962+3.233%BingX0.6962+3.233%Orderly0.6962+3.233%BloFin0.6964+3.262%
Bybit
OKX
Reya
Variational Omni
Binance
Gate
MEXC
Lighter
Aevo
Extended
Polymarket Perps
KuCoin
BingX
Orderly
BloFinBitget0.6965+3.277%
gTrade (Gains Network)0.6966+3.293%GMX0.6966+3.295%Hyperliquid0.6967+3.305%SoDEX0.6967+3.307%Aster0.6970+3.346%SunX0.6970+3.351%Deribit0.6970+3.351%Pacifica0.6971+3.366%Backpack0.6973+3.396%Coinbase International0.6975+3.425%Kraken Futures0.6980+3.497%
gTrade (Gains Network)
GMX
Hyperliquid
SoDEX
Aster
SunX
Deribit
Pacifica
Backpack
Coinbase International
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 | −3.173% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.345% | +0.0065% | 1h | $40K | $241K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.331% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Phoenix VIRTUALshort | −0.290% | −0.0159% | 1h | $11K | $54K | 5x | |
| 01 Exchange VIRTUALUSD | −0.101% | −0.0168% | 1h | $2K | $131 | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.086% | −0.0213% | 4h | $15.1M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.086% | +0.0100% | 4h | $2.7M | $9.7M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.085% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Variational Omni VIRTUAL | −0.069% | −0.0138% | 4h | $522K | $847K | — | as long as short |
| Binance VIRTUALUSDT | −0.057% | +0.0100% | 4h | $15.7M | $36.0M | 75x | as long as short |