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+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VIRTUALUSDT | 0.7099 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $15.7M | $16.0M | 50x |
| Short | Aevo VIRTUAL-PERP | 0.7103 | 0.0104 | get 0.0013% / 1h | 29m 19s | $18K | $505 | 3x |
Bybit VIRTUALUSDT
Aevo VIRTUAL-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
- $5.78
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$21.1
- Spread needed to break even
- 0.270%
Slippage unknown: Bybit: live order book, just now; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Bybit live order book, just now | 0.70 bp | 9.9 bp −$10 | 23.7 bp −$237 | 218.5 bp −$21.9K | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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
Phoenix0.7092+5.165%Lighter0.7099+5.258%
Injective
Phoenix
LighterBybit0.7099+5.264%
OKX0.7100+5.279%SoDEX0.7100+5.286%Extended0.7101+5.298%Variational Omni0.7101+5.299%BingX0.7102+5.308%MEXC0.7103+5.323%Orderly0.7103+5.323%SunX0.7103+5.323%
OKX
SoDEX
Extended
Variational Omni
BingX
MEXC
Orderly
SunXAevo0.7103+5.325%
Binance0.7103+5.327%Reya0.7104+5.340%01 Exchange0.7105+5.353%Gate0.7105+5.353%Deribit0.7105+5.353%KuCoin0.7107+5.383%Pacifica0.7107+5.388%Aster0.7108+5.402%gTrade (Gains Network)0.7109+5.408%Bitget0.7109+5.412%Polymarket Perps0.7110+5.426%GMX0.7111+5.439%Backpack0.7112+5.457%Kraken Futures0.7113+5.465%edgeX0.7113+5.475%Hyperliquid0.7115+5.498%BloFin0.7116+5.516%ApeX Omni0.7120+5.575%Coinbase International0.7131+5.738%
Binance
Reya
Gate
Deribit
KuCoin
Pacifica
Aster
gTrade (Gains Network)
Bitget
Polymarket Perps
GMX
Backpack
Kraken Futures
Hyperliquid
BloFin
ApeX Omni
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 | −5.001% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.094% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| Lighter VIRTUAL | −0.006% | −0.0048% | 1h | $322K | $411K | 5x | as long as short |
| Bybit VIRTUALUSDTlong | 0.000% | +0.0100% | 4h | $15.7M | $16.0M | 50x | |
| OKX VIRTUAL-USDT-SWAP | +0.014% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| SoDEX VIRTUAL-USD | +0.021% | −0.0085% | 1h | $213 | $8K | 5x | as long as short |
| Extended VIRTUAL-USD | +0.033% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.034% | +0.0038% | 4h | $599K | $803K | — | as long as short |
| BingX VIRTUAL-USDT | +0.042% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| MEXC VIRTUAL_USDT | +0.056% | +0.0100% | 4h | $16.0M | $4.1M | 100x | as long as short |