Spread before costs (cost unknown: a leg has no order-book sample)+0.366%
7d average—if it closes, per $10,000$37funding while held, a day+$23.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7105 | −0.0313 | get 0.0039% / 1h | 28m 48s | $15K | $40K | 10x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7131 | 0.0464 | get 0.0058% / 1h | 28m 48s | $195K | $119K | 50x |
Deribit VIRTUAL_USDC-PERPETUAL
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
- $36.59
- Funding while held
- $23.3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $42.89
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 16 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0777%
- Per $10,000 a day
- +$23.30
- 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 Coinbase International live order book, 16 min ago | 7.01 bp | 25.2 bp −$25 | 529.1 bp −$5,291 | doesn't fit | doesn't fit |
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.Injective0.6744cheapest
Phoenix0.7092+5.165%Extended0.7099+5.270%MEXC0.7100+5.279%BingX0.7100+5.279%SoDEX0.7100+5.286%Variational Omni0.7101+5.299%Bybit0.7102+5.308%Gate0.7102+5.308%Binance0.7102+5.316%Lighter0.7103+5.320%OKX0.7103+5.323%Orderly0.7103+5.323%SunX0.7103+5.323%Aevo0.7103+5.325%BloFin0.7104+5.338%Reya0.7104+5.340%01 Exchange0.7105+5.353%KuCoin0.7105+5.353%
Injective
Phoenix
Extended
MEXC
BingX
SoDEX
Variational Omni
Bybit
Gate
Binance
Lighter
OKX
Orderly
SunX
Aevo
BloFin
Reya
KuCoinDeribit0.7105+5.353%
Backpack0.7106+5.368%Pacifica0.7107+5.388%Bitget0.7108+5.397%Aster0.7108+5.398%gTrade (Gains Network)0.7109+5.408%Polymarket Perps0.7110+5.426%GMX0.7111+5.439%Kraken Futures0.7113+5.465%edgeX0.7113+5.475%Hyperliquid0.7116+5.509%ApeX Omni0.7120+5.575%
Backpack
Pacifica
Bitget
Aster
gTrade (Gains Network)
Polymarket Perps
GMX
Kraken Futures
Hyperliquid
ApeX OmniCoinbase International0.7131+5.738%
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 | −5.081% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.179% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.079% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.070% | +0.0100% | 4h | $16.0M | $4.1M | 100x | as long as short |
| BingX VIRTUAL-USDT | −0.070% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| SoDEX VIRTUAL-USD | −0.063% | −0.0085% | 1h | $213 | $8K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.051% | +0.0038% | 4h | $599K | $803K | — | as long as short |
| Bybit VIRTUALUSDT | −0.042% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| Gate VIRTUAL_USDT | −0.042% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| Binance VIRTUALUSDT | −0.035% | +0.0100% | 4h | $16.5M | $37.2M | 75x | as long as short |