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+$7.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7002 | −0.0036 | get 0.0004% / 1h | 56m 22s | $15K | $40K | 10x |
| Short | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7006 | L +0.0296% / S −0.0228% | get 0.0029% / 1h | 56m 22s | $30K | — | 100x |
Deribit VIRTUAL_USDC-PERPETUAL
GMX VIRTUAL/USD [WBTC.b-USDC]Price 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
- $5.68
- Funding while held
- $7.91
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$5.4
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0264%
- Per $10,000 a day
- +$7.91
- 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 GMX no order-book sample | — | — | — | — | — |
Deribit and GMX: 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.Injective0.6992cheapestBybit0.6996+0.057%Extended0.6999+0.093%SoDEX0.6999+0.107%OKX0.7000+0.114%Aevo0.7000+0.115%BingX0.7001+0.129%01 Exchange0.7002+0.143%Orderly0.7002+0.143%SunX0.7002+0.143%
Injective
Bybit
Extended
SoDEX
OKX
Aevo
BingX
Orderly
SunXDeribit0.7002+0.143%
MEXC0.7003+0.157%Reya0.7003+0.160%Binance0.7003+0.164%Bitget0.7004+0.172%Gate0.7005+0.186%
MEXC
Reya
Binance
Bitget
GateGMX0.7006+0.200%
gTrade (Gains Network)0.7006+0.207%Lighter0.7007+0.209%Polymarket Perps0.7007+0.209%KuCoin0.7007+0.215%Kraken Futures0.7012+0.279%Aster0.7012+0.283%Hyperliquid0.7012+0.292%Pacifica0.7013+0.300%Backpack0.7015+0.329%BloFin0.7017+0.358%ApeX Omni0.7023+0.443%edgeX0.7024+0.451%Phoenix0.7024+0.453%Variational Omni0.7025+0.467%Coinbase International0.7045+0.758%
gTrade (Gains Network)
Lighter
Polymarket Perps
KuCoin
Kraken Futures
Aster
Hyperliquid
Pacifica
Backpack
BloFin
ApeX Omni
Phoenix
Variational Omni
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −0.143% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.086% | −0.0057% | 4h | $15.2M | $15.3M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.050% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.036% | +0.0052% | 1h | $1K | $9K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.029% | +0.0100% | 4h | $2.7M | $9.3M | 20x | as long as short |
| Aevo VIRTUAL-PERP | −0.028% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| BingX VIRTUAL-USDT | −0.014% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| 01 Exchange VIRTUALUSD | 0.000% | −0.0088% | 1h | $2K | $131 | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | 0.000% | +0.0065% | 4h | $14K | $1.5M | 10x | as long as short |
| SunX VIRTUAL-USDT | 0.000% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |