After costs, if the gap returns to its 7d average, $10k−$66
spread now+0.250%7d average+0.303%fees + slippage, in and out−$61spread needed0.607%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX VIRTUALUSDC | 0.7113 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $18K | $257K | 10x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7131 | 0.0464 | get 0.0058% / 1h | 28m 17s | $195K | $119K | 50x |
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
- $24.98
- Funding while held
- $10.92
- Slippage, 4 orders
- −$41.7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$24.8
- Spread needed to break even
- 0.607%
Slippage from edgeX: live order book, 16 min ago; Coinbase International: live order book, 16 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0364%
- Per $10,000 a day
- +$10.92
- 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 edgeX live order book, 16 min ago | 2.81 bp | 8.2 bp −$8 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| 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 |
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%BloFin0.7104+5.338%Bybit0.7105+5.353%OKX0.7106+5.368%Backpack0.7106+5.368%Lighter0.7110+5.421%Pacifica0.7110+5.431%Extended0.7110+5.433%Aevo0.7111+5.443%01 Exchange0.7112+5.457%Gate0.7112+5.457%MEXC0.7112+5.457%Reya0.7112+5.458%Binance0.7112+5.459%BingX0.7113+5.472%Orderly0.7113+5.472%SunX0.7115+5.501%Deribit0.7115+5.501%Bitget0.7117+5.531%Aster0.7117+5.535%Polymarket Perps0.7118+5.541%KuCoin0.7118+5.546%ApeX Omni0.7120+5.575%gTrade (Gains Network)0.7122+5.601%GMX0.7122+5.604%Hyperliquid0.7124+5.635%Kraken Futures0.7124+5.641%
Injective
Phoenix
SoDEX
Variational Omni
BloFin
Bybit
OKX
Backpack
Lighter
Pacifica
Extended
Aevo
Gate
MEXC
Reya
Binance
BingX
Orderly
SunX
Deribit
Bitget
Aster
Polymarket Perps
KuCoin
ApeX Omni
gTrade (Gains Network)
GMX
Hyperliquid
Kraken FuturesCoinbase 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 | −5.191% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.294% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.179% | −0.0085% | 1h | $213 | $8K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.166% | +0.0038% | 4h | $599K | $803K | — | as long as short |
| BloFin VIRTUAL-USDT | −0.130% | +0.0340% | 4h | $828K | $792K | 75x | as long as short |
| Bybit VIRTUALUSDT | −0.116% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.102% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.102% | +0.0100% | 1h | $233K | $178K | 10x | as long as short |
| Lighter VIRTUAL | −0.051% | −0.0056% | 1h | $323K | $412K | 5x | as long as short |
| Pacifica VIRTUAL | −0.041% | +0.0100% | 1h | $73K | $41K | 5x | as long as short |