Spread before costs (cost unknown: a leg has no order-book sample)−0.100%
7d average—if it closes, per $10,000$10funding while held, a day−$19.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7021 | 0.0472 | pay 0.0059% / 1h | 44m 17s | $191K | $117K | 50x |
| Short | 01 Exchange VIRTUALUSD | 0.7014 | −0.0192 | pay 0.0024% / 1h | 44m 17s | $2K | $131 | 10x |
Coinbase International VIRTUAL-PERP-INTXPrice 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
- −$9.97
- Funding while held
- −$19.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$46.89
- Spread needed to break even
- 0.170%
Slippage unknown: Coinbase International: live order book, 55 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0664%
- Per $10,000 a day
- −$19.92
- 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, 55 min ago | 6.39 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Injective0.6744cheapestBloFin0.7006+3.885%Variational Omni0.7007+3.895%edgeX0.7007+3.906%Phoenix0.7008+3.918%ApeX Omni0.7010+3.944%Lighter0.7014+4.005%Reya0.7014+4.006%Pacifica0.7015+4.013%Bybit0.7015+4.018%Gate0.7016+4.033%Orderly0.7016+4.033%SunX0.7016+4.033%SoDEX0.7016+4.041%Aster0.7017+4.042%Binance0.7017+4.048%OKX0.7017+4.048%Extended0.7017+4.053%Aevo0.7017+4.055%Polymarket Perps0.7018+4.060%MEXC0.7018+4.063%KuCoin0.7018+4.063%BingX0.7018+4.063%Deribit0.7019+4.078%gTrade (Gains Network)0.7020+4.093%GMX0.7020+4.094%Bitget0.7021+4.107%Backpack0.7021+4.107%
Injective
BloFin
Variational Omni
Phoenix
ApeX Omni
Lighter
Reya
Pacifica
Bybit
Gate
Orderly
SunX
SoDEX
Aster
Binance
OKX
Extended
Aevo
Polymarket Perps
MEXC
KuCoin
BingX
Deribit
gTrade (Gains Network)
GMX
Bitget
BackpackCoinbase International0.7021+4.107%
Hyperliquid0.7026+4.187%Kraken Futures0.7027+4.194%
Hyperliquid
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.945% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| BloFin VIRTUAL-USDT | −0.214% | +0.0340% | 4h | $806K | $762K | 75x | as long as short |
| Variational Omni VIRTUAL | −0.204% | −0.0135% | 4h | $527K | $847K | — | as long as short |
| edgeX VIRTUALUSDC | −0.194% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Phoenix VIRTUAL | −0.182% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.157% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| 01 Exchange VIRTUALUSDshort | −0.100% | −0.0192% | 1h | $2K | $131 | 10x | |
| Lighter VIRTUAL | −0.098% | −0.0376% | 1h | $319K | $389K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.098% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Pacifica VIRTUAL | −0.091% | +0.0100% | 1h | $72K | $41K | 5x | as long as short |