Spread before costs (cost unknown: a leg has no order-book sample)+0.035%
7d average—if it closes, per $10,000$3funding while held, a day−$9.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7098 | 0.0400 | pay 0.0050% / 1h | 9m 01s | $194K | $148K | 50x |
| Short | Pacifica VIRTUAL | 0.7100 | 0.0100 | get 0.0013% / 1h | 9m 01s | $72K | $39K | 5x |
Coinbase International VIRTUAL-PERP-INTX
Pacifica VIRTUALPrice 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
- $3.49
- Funding while held
- −$9
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$23.51
- Spread needed to break even
- 0.180%
Slippage unknown: Coinbase International: live order book, 45 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0300%
- Per $10,000 a day
- −$9.00
- 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 Coinbase International live order book, 45 min ago | 7.82 bp | 61.3 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Injective0.6744cheapestedgeX0.7072+4.856%Variational Omni0.7084+5.041%ApeX Omni0.7091+5.145%Phoenix0.7096+5.224%
Injective
Variational Omni
ApeX Omni
PhoenixCoinbase International0.7098+5.249%
Pacifica0.7100+5.286%
Extended0.7103+5.326%SunX0.7105+5.353%BloFin0.7106+5.368%Aevo0.7107+5.387%SoDEX0.7108+5.393%OKX0.7108+5.397%MEXC0.7108+5.397%BingX0.7108+5.397%Orderly0.7108+5.397%Deribit0.7108+5.397%01 Exchange0.7109+5.412%Lighter0.7109+5.415%Bybit0.7110+5.427%Gate0.7110+5.427%Reya0.7111+5.441%Aster0.7112+5.457%Bitget0.7112+5.457%Binance0.7113+5.466%KuCoin0.7113+5.472%gTrade (Gains Network)0.7114+5.479%Backpack0.7115+5.501%GMX0.7115+5.506%Polymarket Perps0.7115+5.507%Kraken Futures0.7120+5.579%Hyperliquid0.7120+5.581%
Extended
SunX
BloFin
Aevo
SoDEX
OKX
MEXC
BingX
Orderly
Deribit
Lighter
Bybit
Gate
Reya
Aster
Bitget
Binance
KuCoin
gTrade (Gains Network)
Backpack
GMX
Polymarket Perps
Kraken Futures
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.987% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.373% | +0.0100% | 4h | $18K | $253K | 10x | as long as short |
| Variational Omni VIRTUAL | −0.198% | −0.0026% | 4h | $595K | $781K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.099% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Phoenix VIRTUAL | −0.024% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Coinbase International VIRTUAL-PERP-INTXlong | 0.000% | +0.0400% | 1h | $194K | $148K | 50x | |
| Pacifica VIRTUALshort | +0.035% | +0.0100% | 1h | $72K | $39K | 5x | |
| Extended VIRTUAL-USD | +0.073% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| SunX VIRTUAL-USDT | +0.099% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |
| BloFin VIRTUAL-USDT | +0.113% | +0.0340% | 4h | $842K | $769K | 75x | as long as short |