After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.129%7d average+0.056%fees + slippage, in and out−$33spread needed0.332%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VIRTUALUSDT | 0.7032 | −0.0064 | get 0.0032% / 4h | 1h 07m | $15.3M | $15.4M | 50x |
| Short | Polymarket Perps VIRTUAL-USD | 0.7041 | 0.0100 | get 0.0013% / 1h | 7m 03s | $33K | $764K | 5x |
Bybit VIRTUALUSDT
Polymarket Perps 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
- $12.94
- Funding while held
- $4.91
- Slippage, 4 orders
- −$14.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$15.3
- Spread needed to break even
- 0.332%
Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 27 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0164%
- Per $10,000 a day
- +$4.91
- 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 | 9.9 bp −$10 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 27 min ago | 0.07 bp | 9.2 bp −$9 | 9.2 bp −$92 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6992cheapestVariational Omni0.7007+0.212%edgeX0.7010+0.252%
Injective
Variational OmniBybit0.7032+0.572%
Lighter0.7034+0.598%OKX0.7035+0.615%BloFin0.7035+0.615%Binance0.7036+0.629%SoDEX0.7037+0.641%01 Exchange0.7037+0.644%MEXC0.7037+0.644%Phoenix0.7037+0.646%Extended0.7037+0.648%Reya0.7038+0.654%Orderly0.7039+0.672%BingX0.7040+0.686%Backpack0.7040+0.686%GMX0.7041+0.701%Gate0.7041+0.701%KuCoin0.7041+0.701%
Lighter
OKX
BloFin
Binance
SoDEX
MEXC
Phoenix
Extended
Reya
Orderly
BingX
Backpack
GMX
Gate
KuCoinPolymarket Perps0.7041+0.702%
Aevo0.7041+0.704%gTrade (Gains Network)0.7042+0.714%Aster0.7042+0.715%Bitget0.7042+0.715%Deribit0.7042+0.715%ApeX Omni0.7043+0.729%SunX0.7044+0.744%Hyperliquid0.7044+0.749%Pacifica0.7045+0.751%Kraken Futures0.7047+0.780%Coinbase International0.7049+0.815%
Aevo
gTrade (Gains Network)
Aster
Bitget
Deribit
ApeX Omni
SunX
Hyperliquid
Pacifica
Kraken Futures
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 | −0.569% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.358% | −0.0136% | 4h | $527K | $847K | — | as long as short |
| edgeX VIRTUALUSDC | −0.318% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| Bybit VIRTUALUSDTlong | 0.000% | −0.0064% | 4h | $15.3M | $15.4M | 50x | |
| Lighter VIRTUAL | +0.026% | −0.0160% | 1h | $320K | $389K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.043% | +0.0100% | 4h | $2.7M | $9.4M | 20x | as long as short |
| BloFin VIRTUAL-USDT | +0.043% | +0.0340% | 4h | $817K | $749K | 75x | as long as short |
| Binance VIRTUALUSDT | +0.057% | +0.0100% | 4h | $16.0M | $35.8M | 75x | as long as short |
| SoDEX VIRTUAL-USD | +0.068% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | +0.071% | −0.0136% | 1h | $2K | $131 | 10x | as long as short |