After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.085%7d average+0.008%fees + slippage, in and out−$28spread needed0.282%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VIRTUALUSDT | 0.7096 | 0.0100 | pay 0.0050% / 4h | 8m 50s | $15.8M | $16.0M | 50x |
| Short | MEXC VIRTUAL_USDT | 0.7090 | 0.0100 | get 0.0050% / 4h | 8m 50s | $16.0M | $4.0M | 100x |
Bybit VIRTUALUSDT
MEXC VIRTUAL_USDTPrice 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
- −$8.46
- Funding while held
- $0
- Slippage, 4 orders
- −$17.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$36.68
- Spread needed to break even
- 0.282%
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 1 min ago | 0.71 bp | 12.3 bp −$12 | 25.4 bp −$254 | 182.8 bp −$18.3K | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.71 bp | 3.8 bp −$4 | 11.3 bp −$113 | 104.7 bp −$10.5K | 268.3 bp −$134.1K |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.7074+4.896%Phoenix0.7079+4.961%BloFin0.7079+4.967%edgeX0.7079+4.973%Reya0.7079+4.974%Aevo0.7080+4.979%01 Exchange0.7080+4.982%Lighter0.7080+4.988%ApeX Omni0.7081+4.997%Orderly0.7081+4.997%Pacifica0.7082+5.007%Deribit0.7083+5.027%gTrade (Gains Network)0.7085+5.052%GMX0.7086+5.065%SunX0.7086+5.071%Gate0.7087+5.086%Polymarket Perps0.7087+5.093%SoDEX0.7087+5.093%Coinbase International0.7088+5.101%Extended0.7089+5.109%KuCoin0.7089+5.116%Bitget0.7089+5.116%
Injective
Variational Omni
Phoenix
BloFin
Reya
Aevo
Lighter
ApeX Omni
Orderly
Pacifica
Deribit
gTrade (Gains Network)
GMX
SunX
Gate
Polymarket Perps
SoDEX
Coinbase International
Extended
KuCoin
BitgetMEXC0.7090+5.130%
Aster0.7090+5.134%Backpack0.7091+5.145%OKX0.7092+5.160%Hyperliquid0.7095+5.202%Kraken Futures0.7096+5.219%
Aster
Backpack
OKX
Hyperliquid
Kraken FuturesBybit0.7096+5.219%
BingX0.7096+5.219%Binance0.7097+5.234%
BingX
BinanceVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.961% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.307% | −0.0002% | 4h | $595K | $801K | — | as long as short |
| Phoenix VIRTUAL | −0.245% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.240% | +0.0340% | 4h | $837K | $777K | 75x | as long as short |
| edgeX VIRTUALUSDC | −0.234% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.233% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.228% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| 01 Exchange VIRTUALUSD | −0.225% | −0.0160% | 1h | $2K | $269 | 10x | as long as short |
| Lighter VIRTUAL | −0.220% | +0.0096% | 1h | $324K | $372K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.211% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |