Spread before costs (cost unknown: a leg has no order-book sample)+0.065%
7d average—if it closes, per $10,000$7funding while held, a day+$8.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VIRTUALUSDT | 0.7017 | −0.0282 | get 0.0141% / 4h | 2h 32m | $15.4M | $15.4M | 50x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7022 | L +0.0007% / S −0.0004% | get 0.0000% / 1h | 32m 13s | $12K | — | 150x |
Bybit VIRTUALUSDT
gTrade (Gains Network) VIRTUAL/USDPrice 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
- $6.51
- Funding while held
- $8.59
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$5.9
- Spread needed to break even
- 0.210%
Slippage unknown: Bybit: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0286%
- Per $10,000 a day
- +$8.59
- 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, 3 min ago | 0.71 bp | 9.3 bp −$9 | 22.8 bp −$228 | 190.1 bp −$19.0K | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Injective0.6744cheapestReya0.7010+3.942%SunX0.7010+3.944%01 Exchange0.7011+3.959%BloFin0.7011+3.959%Variational Omni0.7011+3.959%Aster0.7014+3.998%Polymarket Perps0.7014+4.004%Extended0.7016+4.033%
Injective
Reya
SunX
BloFin
Variational Omni
Aster
Polymarket Perps
ExtendedBybit0.7017+4.048%
Aevo0.7017+4.048%Lighter0.7017+4.055%SoDEX0.7017+4.055%Pacifica0.7018+4.063%OKX0.7018+4.063%Gate0.7018+4.063%Orderly0.7018+4.063%BingX0.7019+4.078%Deribit0.7019+4.078%Phoenix0.7019+4.081%Binance0.7020+4.093%GMX0.7021+4.112%
Aevo
Lighter
SoDEX
Pacifica
OKX
Gate
Orderly
BingX
Deribit
Phoenix
Binance
GMXgTrade (Gains Network)0.7022+4.116%
MEXC0.7022+4.122%KuCoin0.7022+4.122%Bitget0.7022+4.122%Backpack0.7024+4.152%edgeX0.7028+4.214%Hyperliquid0.7028+4.216%Kraken Futures0.7031+4.256%ApeX Omni0.7034+4.300%Coinbase International0.7113+5.472%
MEXC
KuCoin
Bitget
Backpack
Hyperliquid
Kraken Futures
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 | −3.891% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.102% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| SunX VIRTUAL-USDT | −0.100% | +0.0100% | 4h | $1K | $1.2M | 20x | as long as short |
| 01 Exchange VIRTUALUSD | −0.086% | −0.0200% | 1h | $2K | $131 | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.086% | +0.0340% | 4h | $817K | $762K | 75x | as long as short |
| Variational Omni VIRTUAL | −0.085% | −0.0110% | 4h | $564K | $811K | — | as long as short |
| Aster VIRTUALUSDT | −0.048% | +0.0100% | 4h | $182K | $58K | 20x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.043% | +0.0100% | 1h | $33K | $796K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.014% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| Bybit VIRTUALUSDTlong | 0.000% | −0.0282% | 4h | $15.4M | $15.4M | 50x |