Spread before costs (cost unknown: a leg has no order-book sample)+0.075%
7d average—if it closes, per $10,000$8funding while held, a day+$9.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7030 | −0.0319 | get 0.0040% / 1h | 20m 07s | $15K | $40K | 10x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7035 | L +0.0007% / S −0.0004% | get 0.0000% / 1h | 20m 07s | $12K | — | 150x |
Deribit VIRTUAL_USDC-PERPETUAL
gTrade (Gains Network) VIRTUAL/USDPrice 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
- $7.51
- Funding while held
- $9.68
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $0.19
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0323%
- Per $10,000 a day
- +$9.68
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Deribit and gTrade (Gains Network): 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.Injective0.6744cheapestBybit0.7021+4.107%Lighter0.7024+4.147%OKX0.7024+4.152%BingX0.7024+4.152%MEXC0.7026+4.181%KuCoin0.7026+4.181%Binance0.7027+4.203%Backpack0.7028+4.211%Gate0.7029+4.226%Bitget0.7029+4.226%Reya0.7030+4.236%Orderly0.7030+4.241%
Injective
Bybit
Lighter
OKX
BingX
MEXC
KuCoin
Binance
Backpack
Gate
Bitget
Reya
OrderlyDeribit0.7030+4.241%
SoDEX0.7030+4.248%Aevo0.7031+4.249%Extended0.7031+4.261%SunX0.7032+4.270%01 Exchange0.7033+4.285%GMX0.7035+4.317%
SoDEX
Aevo
Extended
SunX
GMXgTrade (Gains Network)0.7035+4.319%
Polymarket Perps0.7037+4.342%Hyperliquid0.7037+4.343%Aster0.7038+4.356%Pacifica0.7040+4.389%Kraken Futures0.7041+4.411%BloFin0.7054+4.597%Variational Omni0.7059+4.667%edgeX0.7070+4.834%Phoenix0.7074+4.899%Coinbase International0.7081+4.997%ApeX Omni0.7093+5.175%
Polymarket Perps
Hyperliquid
Aster
Pacifica
Kraken Futures
BloFin
Variational Omni
Phoenix
Coinbase International
ApeX OmniVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.068% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.128% | −0.0012% | 4h | $15.5M | $15.9M | 50x | as long as short |
| Lighter VIRTUAL | −0.090% | −0.0120% | 1h | $319K | $412K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.085% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| MEXC VIRTUAL_USDT | −0.057% | +0.0100% | 4h | $15.7M | $4.1M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | −0.057% | +0.0100% | 4h | $3.0M | $4.3M | 50x | as long as short |
| Binance VIRTUALUSDT | −0.037% | +0.0100% | 4h | $16.3M | $36.9M | 75x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.028% | +0.0100% | 1h | $231K | $178K | 10x | as long as short |
| Gate VIRTUAL_USDT | −0.014% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |