Spread before costs (cost unknown: a leg has no order-book sample)+0.491%
7d average—if it closes, per $10,000$49funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX VIRTUALUSDC | 0.7033 | 0.0100 | pay 0.0050% / 4h | 14m 04s | $18K | $256K | 10x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7068 | 0 | get 0.0000% / 1h | 14m 04s | $25K | $30K | 10x |
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- $49.1
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $30.1
- Spread needed to break even
- 0.160%
Slippage unknown: edgeX: live order book, 35 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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, 35 min ago | 2.81 bp | 8.4 bp −$8 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.Injective0.6744cheapestPhoenix0.7025+4.168%Variational Omni0.7035+4.313%ApeX Omni0.7042+4.419%BloFin0.7052+4.567%Bybit0.7063+4.730%MEXC0.7064+4.745%Lighter0.7064+4.748%01 Exchange0.7065+4.760%Gate0.7065+4.760%BingX0.7066+4.775%Extended0.7066+4.776%Aevo0.7066+4.778%SoDEX0.7066+4.779%Binance0.7066+4.781%Reya0.7067+4.788%Pacifica0.7067+4.789%OKX0.7067+4.789%Orderly0.7067+4.789%Backpack0.7068+4.804%
Injective
Phoenix
Variational Omni
ApeX Omni
BloFin
Bybit
MEXC
Lighter
Gate
BingX
Extended
Aevo
SoDEX
Binance
Reya
Pacifica
OKX
Orderly
BackpackDeribit0.7068+4.804%
SunX0.7069+4.819%Coinbase International0.7069+4.819%GMX0.7069+4.823%gTrade (Gains Network)0.7070+4.830%KuCoin0.7070+4.834%Bitget0.7070+4.834%Aster0.7070+4.836%Polymarket Perps0.7071+4.850%Hyperliquid0.7074+4.889%Kraken Futures0.7079+4.963%
SunX
Coinbase International
GMX
gTrade (Gains Network)
KuCoin
Bitget
Aster
Polymarket Perps
Hyperliquid
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.116% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.119% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDClong | 0.000% | +0.0100% | 4h | $18K | $256K | 10x | |
| Variational Omni VIRTUAL | +0.020% | −0.0022% | 4h | $592K | $801K | — | as long as short |
| ApeX Omni VIRTUALUSDT | +0.121% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| BloFin VIRTUAL-USDT | +0.264% | +0.0340% | 4h | $838K | $777K | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.420% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| MEXC VIRTUAL_USDT | +0.434% | +0.0100% | 4h | $15.9M | $4.0M | 100x | as long as short |
| Lighter VIRTUAL | +0.437% | +0.0096% | 1h | $324K | $364K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | +0.448% | −0.0160% | 1h | $2K | $539 | 10x | as long as short |