Spread before costs (cost unknown: a leg has no order-book sample)−0.400%
7d average−0.017%if it closes, per $10,000$40funding while held, a day−$13.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin VIRTUAL-USDT | 0.7027 | 0.0340 | pay 0.0170% / 4h | 2h 35m | $822K | $764K | 75x |
| Short | Variational Omni VIRTUAL | 0.6999 | −0.0111 | pay 0.0055% / 4h | 2h 35m | $569K | $805K | — |
BloFin VIRTUAL-USDT
Variational Omni 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
- −$40.01
- Funding while held
- −$13.52
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$65.53
- Spread needed to break even
- 0.120%
Slippage unknown: BloFin: live order book, 2 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0451%
- Per $10,000 a day
- −$13.52
- 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, 2 min ago | 2.84 bp | 10.5 bp −$10 | 15.6 bp −$156 | 52.2 bp −$5,224 | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 4.28 bp | doesn't fit | 17.1 bp −$171 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
InjectiveVariational Omni0.6999+3.779%
Phoenix0.7015+4.011%Reya0.7015+4.021%01 Exchange0.7016+4.033%Pacifica0.7017+4.055%KuCoin0.7019+4.078%Polymarket Perps0.7019+4.078%edgeX0.7019+4.081%Extended0.7021+4.106%MEXC0.7021+4.107%ApeX Omni0.7021+4.107%Orderly0.7021+4.107%SunX0.7021+4.107%GMX0.7021+4.110%gTrade (Gains Network)0.7021+4.114%Lighter0.7022+4.124%SoDEX0.7023+4.130%Deribit0.7023+4.137%Aster0.7023+4.138%Aevo0.7023+4.144%Gate0.7024+4.152%BingX0.7025+4.167%Bybit0.7026+4.181%OKX0.7027+4.196%
Phoenix
Reya
Pacifica
KuCoin
Polymarket Perps
Extended
MEXC
ApeX Omni
Orderly
SunX
GMX
gTrade (Gains Network)
Lighter
SoDEX
Deribit
Aster
Aevo
Gate
BingX
Bybit
OKXBloFin0.7027+4.196%
Backpack0.7029+4.226%Bitget0.7033+4.285%Kraken Futures0.7034+4.297%Binance0.7034+4.301%Hyperliquid0.7035+4.316%Coinbase International0.7113+5.472%
Backpack
Bitget
Kraken Futures
Binance
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 | −4.027% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUALshort | −0.400% | −0.0111% | 4h | $569K | $805K | — | |
| Phoenix VIRTUAL | −0.178% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.168% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.157% | −0.0208% | 1h | $2K | $131 | 10x | as long as short |
| Pacifica VIRTUAL | −0.135% | +0.0100% | 1h | $72K | $41K | 5x | as long as short |
| KuCoin VIRTUALUSDTM | −0.114% | +0.0100% | 4h | $3.0M | $4.2M | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.114% | +0.0100% | 1h | $33K | $796K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.110% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| Extended VIRTUAL-USD | −0.086% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |