After costs, if the gap returns to its 7d average, $10k+$18
spread now+1.217%7d average+0.308%fees + slippage, in and out−$73spread needed0.733%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended VIRTUAL-USD | 0.7027 | 0.0104 | pay 0.0013% / 1h | 39m 11s | $55K | $245K | 10x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7113 | 0.0472 | get 0.0059% / 1h | 39m 11s | $193K | $119K | 50x |
Extended VIRTUAL-USD
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
- $121.72
- Funding while held
- $11.04
- Slippage, 4 orders
- −$58.33
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $59.42
- Spread needed to break even
- 0.733%
Slippage from Extended: live order book, 45 min ago; Coinbase International: live order book, 65 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0368%
- Per $10,000 a day
- +$11.04
- 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 Extended live order book, 45 min ago | 2.55 bp | 14.8 bp −$15 | 154.0 bp −$1,540 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 65 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.Injective0.6744cheapestVariational Omni0.6999+3.779%edgeX0.7006+3.884%ApeX Omni0.7011+3.959%Phoenix0.7015+4.011%01 Exchange0.7018+4.063%Pacifica0.7020+4.093%Reya0.7020+4.094%BloFin0.7022+4.122%Polymarket Perps0.7023+4.131%KuCoin0.7025+4.167%
Injective
Variational Omni
ApeX Omni
Phoenix
Pacifica
Reya
BloFin
Polymarket Perps
KuCoinExtended0.7027+4.203%
Lighter0.7028+4.205%Bybit0.7028+4.211%BingX0.7028+4.211%SoDEX0.7028+4.219%GMX0.7029+4.222%gTrade (Gains Network)0.7029+4.226%Orderly0.7029+4.226%Binance0.7029+4.228%Aster0.7030+4.238%Gate0.7030+4.241%MEXC0.7030+4.241%Aevo0.7030+4.243%OKX0.7031+4.256%Deribit0.7031+4.256%SunX0.7032+4.270%Bitget0.7033+4.285%Backpack0.7037+4.345%Kraken Futures0.7038+4.358%Hyperliquid0.7038+4.361%
Lighter
Bybit
BingX
SoDEX
GMX
gTrade (Gains Network)
Orderly
Binance
Aster
Gate
MEXC
Aevo
OKX
Deribit
SunX
Bitget
Backpack
Kraken Futures
HyperliquidCoinbase International0.7113+5.472%
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 | −4.034% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.407% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| edgeX VIRTUALUSDC | −0.306% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.234% | −0.0073% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.184% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.135% | −0.0216% | 1h | $2K | $131 | 10x | as long as short |
| Pacifica VIRTUAL | −0.106% | +0.0100% | 1h | $72K | $41K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.104% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.078% | +0.0340% | 4h | $822K | $760K | 75x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.069% | +0.0100% | 1h | $33K | $796K | 5x | as long as short |