Spread before costs (cost unknown: a leg has no order-book sample)−1.209%
7d average−0.280%if it closes, per $10,000$121funding while held, a day−$12.48
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7113 | 0.0472 | pay 0.0059% / 1h | 37m 22s | $193K | $119K | 50x |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7027 | 0.0056 | get 0.0028% / 4h | 2h 37m | $14K | $1.5M | 10x |
Coinbase International VIRTUAL-PERP-INTX
Orderly PERP_VIRTUAL_USDCPrice 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
- −$120.91
- Funding while held
- −$12.48
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$149.38
- Spread needed to break even
- 0.160%
Slippage unknown: Coinbase International: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0416%
- Per $10,000 a day
- −$12.48
- 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, 2 min ago | 6.39 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective0.6744cheapest
Variational Omni0.6999+3.779%Phoenix0.7015+4.011%edgeX0.7019+4.081%ApeX Omni0.7021+4.107%BloFin0.7022+4.122%Bybit0.7023+4.137%OKX0.7023+4.137%Lighter0.7025+4.165%Binance0.7026+4.188%Reya0.7027+4.195%
Injective
Variational Omni
Phoenix
ApeX Omni
BloFin
Bybit
OKX
Lighter
Binance
ReyaOrderly0.7027+4.196%
BingX0.7028+4.211%Extended0.7028+4.214%MEXC0.7029+4.226%SoDEX0.7029+4.230%Aevo0.7030+4.240%gTrade (Gains Network)0.7031+4.255%01 Exchange0.7031+4.256%Gate0.7031+4.256%Deribit0.7031+4.256%GMX0.7033+4.280%Bitget0.7033+4.285%Polymarket Perps0.7033+4.290%KuCoin0.7034+4.300%Pacifica0.7034+4.304%Aster0.7034+4.306%SunX0.7035+4.315%Backpack0.7036+4.330%Hyperliquid0.7039+4.379%Kraken Futures0.7040+4.389%
BingX
Extended
MEXC
SoDEX
Aevo
gTrade (Gains Network)
Gate
Deribit
GMX
Bitget
Polymarket Perps
KuCoin
Pacifica
Aster
SunX
Backpack
Hyperliquid
Kraken FuturesCoinbase International0.7113+5.472%
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 | −5.188% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −1.604% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Phoenix VIRTUAL | −1.385% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| edgeX VIRTUALUSDC | −1.318% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −1.293% | −0.0016% | 1h | $40K | $241K | 50x | as long as short |
| BloFin VIRTUAL-USDT | −1.279% | +0.0340% | 4h | $822K | $760K | 75x | as long as short |
| Bybit VIRTUALUSDT | −1.265% | −0.0289% | 4h | $15.4M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −1.265% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Lighter VIRTUAL | −1.239% | −0.0160% | 1h | $319K | $389K | 5x | as long as short |
| Binance VIRTUALUSDT | −1.217% | +0.0100% | 4h | $16.0M | $36.1M | 75x | as long as short |