Spread before costs (cost unknown: a leg has no order-book sample)+0.179%
7d average—if it closes, per $10,000$18funding while held, a day+$12.38
| 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 24s | $15K | $40K | 10x |
| Short | Polymarket Perps VIRTUAL-USD | 0.7118 | 0.0100 | get 0.0013% / 1h | 28m 24s | $35K | $799K | 5x |
Deribit VIRTUAL_USDC-PERPETUAL
Polymarket Perps 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
- $17.87
- Funding while held
- $12.38
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $15.25
- Spread needed to break even
- 0.150%
Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 16 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0413%
- Per $10,000 a day
- +$12.38
- 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 Polymarket Perps live order book, 16 min ago | 1.33 bp | 9.5 bp −$10 | 10.0 bp −$100 | 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%SoDEX0.7100+5.286%Variational Omni0.7101+5.299%Lighter0.7103+5.320%SunX0.7103+5.323%BloFin0.7104+5.338%
Injective
Phoenix
SoDEX
Variational Omni
Lighter
SunX
BloFinDeribit0.7105+5.353%
Backpack0.7106+5.368%Extended0.7106+5.373%OKX0.7110+5.427%Pacifica0.7110+5.431%Aster0.7111+5.439%MEXC0.7111+5.442%Aevo0.7111+5.443%01 Exchange0.7112+5.457%Gate0.7112+5.457%KuCoin0.7112+5.457%Reya0.7112+5.458%Kraken Futures0.7113+5.465%Bybit0.7113+5.472%BingX0.7113+5.472%Orderly0.7113+5.472%edgeX0.7113+5.475%Bitget0.7117+5.531%
Backpack
Extended
OKX
Pacifica
Aster
MEXC
Aevo
Gate
KuCoin
Reya
Kraken Futures
Bybit
BingX
Orderly
BitgetPolymarket Perps0.7118+5.541%
Binance0.7118+5.549%ApeX Omni0.7120+5.575%gTrade (Gains Network)0.7122+5.601%GMX0.7122+5.604%Hyperliquid0.7124+5.635%Coinbase International0.7131+5.738%
Binance
ApeX Omni
gTrade (Gains Network)
GMX
Hyperliquid
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 | −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 |
| 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 |
| Lighter VIRTUAL | −0.031% | −0.0056% | 1h | $323K | $412K | 5x | as long as short |
| SunX VIRTUAL-USDT | −0.028% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.014% | +0.0340% | 4h | $828K | $792K | 75x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUALlong | 0.000% | −0.0313% | 1h | $15K | $40K | 10x | |
| Backpack VIRTUAL_USDC_PERP | +0.014% | +0.0100% | 1h | $233K | $178K | 10x | as long as short |
| Extended VIRTUAL-USD | +0.019% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |