Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average—if it closes, per $10,000$6funding while held, a day−$7.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VIRTUALUSDT | 0.7033 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $6.0M | $5.3M | 25x |
| Short | Reya VIRTUALRUSDPERP | 0.7029 | −0.0139 | pay 0.0017% / 1h | 37m 41s | $24 | — | 10x |
Bitget VIRTUALUSDT
Reya VIRTUALRUSDPERPPrice 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
- −$5.81
- Funding while held
- −$7.18
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$30.99
- Spread needed to break even
- 0.180%
Slippage unknown: Bitget: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0239%
- Per $10,000 a day
- −$7.18
- 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, 2 min ago | 2.85 bp | 13.2 bp −$13 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective0.6744cheapestVariational Omni0.6999+3.779%ApeX Omni0.7011+3.959%Phoenix0.7015+4.011%edgeX0.7019+4.081%BloFin0.7022+4.122%Lighter0.7025+4.165%Bybit0.7027+4.196%OKX0.7027+4.196%Extended0.7028+4.214%
Injective
Variational Omni
ApeX Omni
Phoenix
BloFin
Lighter
Bybit
OKX
ExtendedReya0.7029+4.225%
BingX0.7029+4.226%SoDEX0.7029+4.230%Aevo0.7030+4.240%Gate0.7030+4.241%Binance0.7031+4.256%01 Exchange0.7031+4.256%Deribit0.7031+4.256%MEXC0.7032+4.270%GMX0.7033+4.280%KuCoin0.7033+4.285%
BingX
SoDEX
Aevo
Gate
Binance
Deribit
MEXC
GMX
KuCoinBitget0.7033+4.285%
Orderly0.7033+4.285%Pacifica0.7034+4.304%gTrade (Gains Network)0.7035+4.309%Polymarket Perps0.7035+4.310%SunX0.7035+4.315%Backpack0.7036+4.330%Aster0.7039+4.377%Kraken Futures0.7040+4.389%Hyperliquid0.7042+4.423%Coinbase International0.7113+5.472%
Orderly
Pacifica
gTrade (Gains Network)
Polymarket Perps
SunX
Backpack
Aster
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 | −4.109% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.485% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.313% | −0.0073% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.263% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.196% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.156% | +0.0340% | 4h | $822K | $760K | 75x | as long as short |
| Lighter VIRTUAL | −0.115% | −0.0160% | 1h | $319K | $389K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.085% | −0.0278% | 4h | $15.4M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.068% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |