Spread before costs (cost unknown: a leg has no order-book sample)−4.014%
7d average—if it closes, per $10,000$401funding while held, a day−$9.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin VIRTUAL-USDT | 0.7026 | 0.0340 | pay 0.0170% / 4h | 2h 34m | $821K | $764K | 75x |
| Short | Injective VIRTUAL/USDC PERP | 0.6744 | 0.0033 | get 0.0004% / 1h | 34m 26s | $43 | $28K | 5.5x |
BloFin VIRTUAL-USDT
Injective VIRTUAL/USDC PERPPrice 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
- −$401.37
- Funding while held
- −$9.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$422.59
- Spread needed to break even
- 0.120%
Slippage unknown: BloFin: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0307%
- Per $10,000 a day
- −$9.20
- 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, 4 min ago | 2.84 bp | 10.5 bp −$10 | 15.6 bp −$156 | 52.2 bp −$5,224 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
Variational Omni0.7011+3.959%Reya0.7014+4.002%Bybit0.7014+4.004%OKX0.7014+4.004%Phoenix0.7015+4.011%Lighter0.7017+4.055%Extended0.7018+4.058%01 Exchange0.7019+4.078%Binance0.7020+4.093%MEXC0.7020+4.093%ApeX Omni0.7021+4.107%Polymarket Perps0.7021+4.113%Gate0.7022+4.122%BingX0.7022+4.122%Hyperliquid0.7023+4.133%Bitget0.7023+4.137%Pacifica0.7025+4.169%KuCoin0.7026+4.181%
Variational Omni
Reya
Bybit
OKX
Phoenix
Lighter
Extended
Binance
MEXC
ApeX Omni
Polymarket Perps
Gate
BingX
Hyperliquid
Bitget
Pacifica
KuCoinBloFin0.7026+4.181%
Aster0.7027+4.200%edgeX0.7028+4.214%Backpack0.7029+4.226%SoDEX0.7029+4.226%Orderly0.7031+4.256%Aevo0.7031+4.261%GMX0.7033+4.284%SunX0.7033+4.285%gTrade (Gains Network)0.7034+4.299%Deribit0.7034+4.300%Kraken Futures0.7042+4.419%Coinbase International0.7113+5.472%
Aster
Backpack
SoDEX
Orderly
Aevo
GMX
SunX
gTrade (Gains Network)
Deribit
Kraken Futures
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 PERPshort | −4.014% | +0.0033% | 1h | $43 | $28K | 5.5x | |
| Variational Omni VIRTUAL | −0.213% | −0.0110% | 4h | $564K | $811K | — | as long as short |
| Reya VIRTUALRUSDPERP | −0.172% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.171% | −0.0274% | 4h | $15.4M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.171% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Phoenix VIRTUAL | −0.164% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Lighter VIRTUAL | −0.121% | −0.0168% | 1h | $319K | $389K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.118% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.100% | −0.0200% | 1h | $2K | $131 | 10x | as long as short |
| Binance VIRTUALUSDT | −0.085% | +0.0100% | 4h | $16.0M | $36.1M | 75x | as long as short |