Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average−0.011%if it closes, per $10,000$0funding while held, a day−$8.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin VIRTUAL-USDT | 0.7015 | 0.0340 | pay 0.0170% / 4h | 1h 42m | $807K | $762K | 75x |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7015 | 0.0060 | get 0.0030% / 4h | 1h 42m | $14K | $1.5M | 10x |
BloFin VIRTUAL-USDT
Orderly PERP_VIRTUAL_USDCPrice 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
- $0
- Funding while held
- −$8.39
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$26.39
- Spread needed to break even
- 0.180%
Slippage unknown: BloFin: live order book, 56 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0280%
- Per $10,000 a day
- −$8.39
- 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, 56 min ago | 2.84 bp | 10.5 bp −$10 | 15.6 bp −$156 | 52.2 bp −$5,224 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 Omni0.7007+3.895%Phoenix0.7008+3.918%ApeX Omni0.7010+3.944%edgeX0.7011+3.953%Lighter0.7014+3.998%Reya0.7014+4.006%
Injective
Variational Omni
Phoenix
ApeX Omni
Lighter
ReyaOrderly0.7015+4.018%
BloFin0.7015+4.018%
SoDEX0.7016+4.026%01 Exchange0.7016+4.033%Aevo0.7016+4.039%Deribit0.7018+4.063%Polymarket Perps0.7019+4.072%GMX0.7019+4.079%Aster0.7019+4.082%Extended0.7019+4.085%OKX0.7020+4.093%gTrade (Gains Network)0.7020+4.093%SunX0.7020+4.093%Bybit0.7021+4.107%Gate0.7021+4.107%BingX0.7021+4.107%Pacifica0.7021+4.115%Binance0.7022+4.118%MEXC0.7022+4.122%Backpack0.7022+4.122%KuCoin0.7025+4.167%Kraken Futures0.7026+4.187%Bitget0.7027+4.196%Hyperliquid0.7031+4.262%Coinbase International0.7033+4.285%
SoDEX
Aevo
Deribit
Polymarket Perps
GMX
Aster
Extended
OKX
gTrade (Gains Network)
SunX
Bybit
Gate
BingX
Pacifica
Binance
MEXC
Backpack
KuCoin
Kraken Futures
Bitget
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 | −3.863% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.119% | −0.0135% | 4h | $527K | $847K | — | as long as short |
| Phoenix VIRTUAL | −0.097% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.071% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.063% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Lighter VIRTUAL | −0.020% | −0.0368% | 1h | $319K | $389K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.012% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDCshort | 0.000% | +0.0060% | 4h | $14K | $1.5M | 10x | |
| BloFin VIRTUAL-USDTlong | 0.000% | +0.0340% | 4h | $807K | $762K | 75x | |
| SoDEX VIRTUAL-USD | +0.007% | +0.0080% | 1h | $1K | $9K | 5x | as long as short |