Spread before costs (cost unknown: a leg has no order-book sample)−0.057%
7d average—if it closes, per $10,000$6funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7025 | 0 | get 0.0000% / 1h | 14m 28s | $15K | $40K | 10x |
| Short | BingX VIRTUAL-USDT | 0.7021 | 0.0100 | get 0.0050% / 4h | 1h 14m | — | $8.2M | — |
Deribit VIRTUAL_USDC-PERPETUAL
BingX 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
- −$5.69
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$19.69
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 15 min ago | 0.71 bp | 8.5 bp −$9 | 13.2 bp −$132 | 21.4 bp −$2,136 | 73.6 bp −$36.8K |
Deribit: 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.Phoenix0.6988cheapestInjective0.6992+0.059%edgeX0.7012+0.346%Reya0.7014+0.370%ApeX Omni0.7014+0.374%Lighter0.7015+0.394%MEXC0.7017+0.416%Bybit0.7018+0.431%01 Exchange0.7019+0.445%Binance0.7020+0.459%OKX0.7020+0.459%Gate0.7020+0.459%Bitget0.7020+0.459%BloFin0.7020+0.459%GMX0.7020+0.462%KuCoin0.7021+0.474%
Phoenix
Injective
Reya
ApeX Omni
Lighter
MEXC
Bybit
Binance
OKX
Gate
Bitget
BloFin
GMX
KuCoinBingX0.7021+0.474%
SoDEX0.7022+0.481%Aevo0.7022+0.483%Polymarket Perps0.7022+0.484%Variational Omni0.7022+0.484%Extended0.7022+0.485%Pacifica0.7023+0.500%gTrade (Gains Network)0.7023+0.501%Aster0.7024+0.514%Backpack0.7024+0.517%Orderly0.7024+0.517%SunX0.7025+0.531%
SoDEX
Aevo
Polymarket Perps
Variational Omni
Extended
Pacifica
gTrade (Gains Network)
Aster
Backpack
Orderly
SunXDeribit0.7025+0.531%
Hyperliquid0.7026+0.538%Kraken Futures0.7031+0.624%Coinbase International0.7033+0.645%
Hyperliquid
Kraken Futures
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VIRTUAL | −0.528% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Injective VIRTUAL/USDC PERP | −0.470% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.183% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.160% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.157% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Lighter VIRTUAL | −0.137% | −0.0168% | 1h | $319K | $389K | 5x | as long as short |
| MEXC VIRTUAL_USDT | −0.114% | +0.0100% | 4h | $16.2M | $4.0M | 100x | as long as short |
| Bybit VIRTUALUSDT | −0.100% | −0.0081% | 4h | $15.2M | $15.4M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.085% | −0.0136% | 1h | $2K | $131 | 10x | as long as short |
| Binance VIRTUALUSDT | −0.071% | +0.0100% | 4h | $15.9M | $35.7M | 75x | as long as short |