Spread before costs (cost unknown: a leg has no order-book sample)+0.141%
7d average—if it closes, per $10,000$14funding while held, a day+$32.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7032 | −0.0318 | get 0.0040% / 1h | 18m 31s | $15K | $40K | 10x |
| Short | Kraken Futures PF_VIRTUALUSD | 0.7042 | 0.0776 | get 0.0097% / 1h | 18m 31s | $513K | $632K | 50x |
Deribit VIRTUAL_USDC-PERPETUAL
Kraken Futures PF_VIRTUALUSDPrice 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
- $14.09
- Funding while held
- $32.84
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $29.93
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 26 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1095%
- Per $10,000 a day
- +$32.84
- 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 Kraken Futures live order book, 26 min ago | 4.21 bp | 19.2 bp −$19 | 50.4 bp −$504 | 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.Injective0.6744cheapestOrderly0.7029+4.226%SoDEX0.7029+4.233%Aevo0.7030+4.241%
Injective
Orderly
SoDEX
AevoDeribit0.7032+4.270%
BloFin0.7034+4.300%GMX0.7035+4.314%SunX0.7035+4.315%Backpack0.7040+4.389%gTrade (Gains Network)0.7041+4.401%MEXC0.7041+4.404%
BloFin
GMX
SunX
Backpack
gTrade (Gains Network)
MEXCKraken Futures0.7042+4.417%
Aster0.7042+4.420%Lighter0.7042+4.422%Gate0.7043+4.434%Bybit0.7044+4.448%Reya0.7044+4.454%01 Exchange0.7045+4.463%Coinbase International0.7045+4.463%OKX0.7046+4.478%KuCoin0.7046+4.478%Extended0.7047+4.488%BingX0.7047+4.493%Pacifica0.7048+4.503%Binance0.7050+4.541%Polymarket Perps0.7051+4.546%Hyperliquid0.7054+4.591%Bitget0.7054+4.597%Variational Omni0.7059+4.667%ApeX Omni0.7059+4.671%edgeX0.7070+4.834%Phoenix0.7074+4.899%
Aster
Lighter
Gate
Bybit
Reya
Coinbase International
OKX
KuCoin
Extended
BingX
Pacifica
Binance
Polymarket Perps
Hyperliquid
Bitget
Variational Omni
ApeX Omni
PhoenixVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.096% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.043% | +0.0059% | 4h | $14K | $1.5M | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.036% | −0.0180% | 1h | $405 | $8K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.028% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUALlong | 0.000% | −0.0318% | 1h | $15K | $40K | 10x | |
| BloFin VIRTUAL-USDT | +0.028% | +0.0340% | 4h | $831K | $772K | 75x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | +0.042% | L +0.0297% / S −0.0228% | 1h | $30K | — | 100x | as long as short |
| SunX VIRTUAL-USDT | +0.043% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.114% | +0.0100% | 1h | $231K | $178K | 10x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | +0.125% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |