After costs, if the gap returns to its 7d average, $10k−$85
spread now−0.505%7d average−0.297%fees + slippage, in and out−$65spread needed0.647%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7131 | 0.0464 | pay 0.0058% / 1h | 33m 59s | $195K | $119K | 50x |
| Short | Bybit VIRTUALUSDT | 0.7095 | 0.0100 | get 0.0050% / 4h | 3h 33m | $15.7M | $16.1M | 50x |
Coinbase International VIRTUAL-PERP-INTX
Bybit VIRTUALUSDTPrice 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
- −$50.48
- Funding while held
- −$10.92
- Slippage, 4 orders
- −$43.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$126.1
- Spread needed to break even
- 0.647%
Slippage from Coinbase International: live order book, 10 min ago; Bybit: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0364%
- Per $10,000 a day
- −$10.92
- 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 Coinbase International live order book, 10 min ago | 7.01 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.70 bp | 10.1 bp −$10 | 19.6 bp −$196 | 132.8 bp −$13.3K | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
Reya0.7087+5.081%01 Exchange0.7092+5.160%Aevo0.7092+5.163%Lighter0.7093+5.172%SoDEX0.7094+5.182%
Injective
Reya
Aevo
Lighter
SoDEXBybit0.7095+5.205%
Orderly0.7095+5.205%Deribit0.7095+5.205%SunX0.7096+5.219%GMX0.7097+5.230%BingX0.7097+5.234%gTrade (Gains Network)0.7098+5.244%OKX0.7098+5.249%BloFin0.7098+5.249%MEXC0.7099+5.264%Binance0.7099+5.264%Polymarket Perps0.7099+5.265%Extended0.7099+5.270%Gate0.7101+5.294%KuCoin0.7101+5.294%Bitget0.7103+5.323%Backpack0.7103+5.323%Pacifica0.7103+5.330%Aster0.7104+5.331%Kraken Futures0.7105+5.351%Variational Omni0.7110+5.430%Hyperliquid0.7111+5.446%edgeX0.7119+5.567%ApeX Omni0.7121+5.590%Phoenix0.7124+5.638%
Orderly
Deribit
SunX
GMX
BingX
gTrade (Gains Network)
OKX
BloFin
MEXC
Binance
Polymarket Perps
Extended
Gate
KuCoin
Bitget
Backpack
Pacifica
Aster
Kraken Futures
Variational Omni
Hyperliquid
ApeX Omni
PhoenixCoinbase International0.7131+5.738%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.427% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.621% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.547% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.544% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Lighter VIRTUAL | −0.536% | −0.0016% | 1h | $322K | $411K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.526% | −0.0038% | 1h | $212 | $8K | 5x | as long as short |
| Bybit VIRTUALUSDTshort | −0.505% | +0.0100% | 4h | $15.7M | $16.1M | 50x | |
| Orderly PERP_VIRTUAL_USDC | −0.505% | +0.0064% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.505% | −0.0595% | 1h | $15K | $40K | 10x | as long as short |
| SunX VIRTUAL-USDT | −0.491% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |