Spread before costs (cost unknown: a leg has no order-book sample)−0.214%
7d average—if it closes, per $10,000$21funding while held, a day−$11.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin VIRTUAL-USDT | 0.7017 | 0.0340 | pay 0.0170% / 4h | 55m 27s | $816K | $750K | 75x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7002 | −0.0036 | pay 0.0004% / 1h | 55m 27s | $15K | $40K | 10x |
BloFin VIRTUAL-USDT
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$21.38
- Funding while held
- −$11.27
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$51.64
- Spread needed to break even
- 0.190%
Slippage unknown: BloFin: live order book, 38 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0376%
- Per $10,000 a day
- −$11.27
- 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 BloFin live order book, 38 min ago | 2.15 bp | 10.4 bp −$10 | 18.2 bp −$182 | 53.0 bp −$5,299 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.6992cheapestReya0.6994+0.027%Bybit0.6995+0.043%MEXC0.6995+0.043%Lighter0.6995+0.047%BingX0.6996+0.057%Extended0.6997+0.071%OKX0.6997+0.072%01 Exchange0.6997+0.072%Bitget0.6998+0.086%Polymarket Perps0.6998+0.093%Binance0.6999+0.100%Gate0.6999+0.100%SoDEX0.6999+0.107%Orderly0.7000+0.114%Aevo0.7000+0.115%GMX0.7001+0.123%Pacifica0.7001+0.129%Aster0.7002+0.136%KuCoin0.7002+0.143%SunX0.7002+0.143%
Injective
Reya
Bybit
MEXC
Lighter
BingX
Extended
OKX
Bitget
Polymarket Perps
Binance
Gate
SoDEX
Orderly
Aevo
GMX
Pacifica
Aster
KuCoin
SunXDeribit0.7002+0.143%
gTrade (Gains Network)0.7003+0.156%Phoenix0.7003+0.157%Backpack0.7004+0.172%Hyperliquid0.7005+0.180%Variational Omni0.7005+0.180%ApeX Omni0.7011+0.272%Kraken Futures0.7012+0.279%
gTrade (Gains Network)
Phoenix
Backpack
Hyperliquid
Variational Omni
ApeX Omni
Kraken FuturesBloFin0.7017+0.358%
edgeX0.7024+0.451%Coinbase International0.7045+0.758%
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 | −0.356% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.329% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.314% | −0.0064% | 4h | $15.2M | $15.3M | 50x | as long as short |
| MEXC VIRTUAL_USDT | −0.314% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |
| Lighter VIRTUAL | −0.309% | −0.0096% | 1h | $318K | $388K | 5x | as long as short |
| BingX VIRTUAL-USDT | −0.299% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Extended VIRTUAL-USD | −0.285% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.285% | +0.0100% | 4h | $2.7M | $9.3M | 20x | as long as short |
| 01 Exchange VIRTUALUSD | −0.285% | −0.0088% | 1h | $2K | $131 | 10x | as long as short |
| Bitget VIRTUALUSDT | −0.271% | +0.0100% | 4h | $5.9M | $5.2M | 25x | as long as short |