Spread before costs (cost unknown: a leg has no order-book sample)−0.724%
7d average—if it closes, per $10,000$72funding while held, a day−$18.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7081 | 0.0464 | pay 0.0058% / 1h | 19m 34s | $193K | $118K | 50x |
| Short | Reya VIRTUALRUSDPERP | 0.7030 | −0.0139 | pay 0.0017% / 1h | 19m 34s | $24 | — | 10x |
Coinbase International VIRTUAL-PERP-INTX
Reya VIRTUALRUSDPERPPrice 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
- −$72.45
- Funding while held
- −$18.1
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$106.55
- Spread needed to break even
- 0.160%
Slippage unknown: Coinbase International: live order book, 25 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0603%
- Per $10,000 a day
- −$18.10
- 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, 25 min ago | 7.01 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective0.6744cheapestLighter0.7023+4.143%Gate0.7025+4.167%Extended0.7026+4.178%01 Exchange0.7028+4.211%BingX0.7028+4.211%Backpack0.7028+4.211%KuCoin0.7029+4.226%
Injective
Lighter
Gate
Extended
BingX
Backpack
KuCoinReya0.7030+4.236%
Aster0.7030+4.239%Binance0.7030+4.241%Bybit0.7030+4.241%Orderly0.7030+4.241%Deribit0.7030+4.241%SoDEX0.7030+4.248%Aevo0.7031+4.249%Pacifica0.7032+4.265%MEXC0.7032+4.270%SunX0.7032+4.270%Bitget0.7033+4.285%OKX0.7035+4.315%GMX0.7035+4.317%gTrade (Gains Network)0.7035+4.319%Hyperliquid0.7035+4.319%Polymarket Perps0.7037+4.342%Kraken Futures0.7041+4.411%BloFin0.7054+4.597%Variational Omni0.7059+4.667%ApeX Omni0.7059+4.671%edgeX0.7070+4.834%Phoenix0.7074+4.899%
Aster
Binance
Bybit
Orderly
Deribit
SoDEX
Aevo
Pacifica
MEXC
SunX
Bitget
OKX
GMX
gTrade (Gains Network)
Hyperliquid
Polymarket Perps
Kraken Futures
BloFin
Variational Omni
ApeX Omni
PhoenixCoinbase International0.7081+4.997%
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 | −4.759% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.813% | −0.0120% | 1h | $319K | $412K | 5x | as long as short |
| Gate VIRTUAL_USDT | −0.791% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| Extended VIRTUAL-USD | −0.780% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.748% | −0.0216% | 1h | $2K | $131 | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.748% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.748% | +0.0100% | 1h | $231K | $178K | 10x | as long as short |
| KuCoin VIRTUALUSDTM | −0.734% | +0.0100% | 4h | $3.0M | $4.2M | 50x | as long as short |
| Reya VIRTUALRUSDPERPshort | −0.724% | −0.0139% | 1h | $24 | — | 10x | |
| Aster VIRTUALUSDT | −0.722% | +0.0100% | 4h | $182K | $65K | 20x | as long as short |