After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.256%7d average−0.267%fees + slippage, in and out−$51spread needed0.514%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7033 | 0.0472 | pay 0.0059% / 1h | 42m 05s | $191K | $117K | 50x |
| Short | MEXC VIRTUAL_USDT | 0.7015 | 0.0100 | get 0.0050% / 4h | 1h 42m | $15.9M | $3.8M | 100x |
Coinbase International VIRTUAL-PERP-INTX
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
- −$25.59
- Funding while held
- −$11.16
- Slippage, 4 orders
- −$41.41
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$88.16
- Spread needed to break even
- 0.514%
Slippage from Coinbase International: live order book, 57 min ago; MEXC: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0372%
- Per $10,000 a day
- −$11.16
- 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, 57 min ago | 6.39 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.71 bp | 2.0 bp −$2 | 7.7 bp −$77 | 72.2 bp −$7,219 | 260.4 bp −$130.2K |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.7007+3.895%Phoenix0.7008+3.918%ApeX Omni0.7010+3.944%edgeX0.7011+3.953%Lighter0.7014+3.998%Reya0.7014+4.006%Extended0.7014+4.010%
Injective
Variational Omni
Phoenix
ApeX Omni
Lighter
Reya
ExtendedMEXC0.7015+4.018%
Orderly0.7015+4.018%BloFin0.7015+4.018%SoDEX0.7016+4.026%01 Exchange0.7016+4.033%Aevo0.7016+4.039%Binance0.7017+4.048%KuCoin0.7018+4.063%Deribit0.7018+4.063%Polymarket Perps0.7019+4.072%GMX0.7019+4.079%Aster0.7020+4.086%gTrade (Gains Network)0.7020+4.093%SunX0.7020+4.093%OKX0.7021+4.107%Gate0.7021+4.107%BingX0.7021+4.107%Pacifica0.7021+4.115%Bybit0.7022+4.122%Backpack0.7022+4.122%Kraken Futures0.7026+4.187%Bitget0.7027+4.196%Hyperliquid0.7031+4.262%
Orderly
BloFin
SoDEX
Aevo
Binance
KuCoin
Deribit
Polymarket Perps
GMX
Aster
gTrade (Gains Network)
SunX
OKX
Gate
BingX
Pacifica
Bybit
Backpack
Kraken Futures
Bitget
HyperliquidCoinbase International0.7033+4.285%
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 | −4.109% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.374% | −0.0135% | 4h | $527K | $847K | — | as long as short |
| Phoenix VIRTUAL | −0.353% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.327% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.318% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Lighter VIRTUAL | −0.276% | −0.0368% | 1h | $319K | $389K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.268% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Extended VIRTUAL-USD | −0.264% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| MEXC VIRTUAL_USDTshort | −0.256% | +0.0100% | 4h | $15.9M | $3.8M | 100x | |
| Orderly PERP_VIRTUAL_USDC | −0.256% | +0.0060% | 4h | $14K | $1.5M | 10x | as long as short |