Spread before costs (cost unknown: a leg has no order-book sample)−0.013%
7d average—if it closes, per $10,000$1funding while held, a day+$3.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended VIRTUAL-USD | 0.7070 | 0.0104 | pay 0.0013% / 1h | 12m 30s | $55K | $244K | 10x |
| Short | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7069 | L +0.0297% / S −0.0228% | get 0.0029% / 1h | 12m 30s | $30K | — | 100x |
Extended VIRTUAL-USD
GMX VIRTUAL/USD [WBTC.b-USDC]Price 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
- −$1.3
- Funding while held
- $3.73
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$14.57
- Spread needed to break even
- 0.170%
Slippage unknown: Extended: live order book, 17 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0124%
- Per $10,000 a day
- +$3.73
- 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, 17 min ago | 2.50 bp | 15.1 bp −$15 | 111.7 bp −$1,117 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective0.6744cheapestVariational Omni0.7035+4.313%edgeX0.7045+4.469%ApeX Omni0.7047+4.493%Phoenix0.7057+4.641%Aevo0.7065+4.755%SoDEX0.7066+4.770%BloFin0.7066+4.775%Deribit0.7067+4.789%Lighter0.7067+4.791%Orderly0.7068+4.804%
Injective
Variational Omni
ApeX Omni
Phoenix
Aevo
SoDEX
BloFin
Deribit
Lighter
OrderlyGMX0.7069+4.814%
BingX0.7069+4.819%SunX0.7069+4.819%Coinbase International0.7069+4.819%
BingX
SunX
Coinbase InternationalExtended0.7070+4.828%
Aster0.7070+4.834%Gate0.7070+4.834%Backpack0.7070+4.834%OKX0.7071+4.849%01 Exchange0.7071+4.849%MEXC0.7071+4.849%Pacifica0.7072+4.864%Binance0.7072+4.864%Bybit0.7072+4.864%Reya0.7072+4.867%KuCoin0.7075+4.908%Bitget0.7076+4.923%Kraken Futures0.7076+4.930%gTrade (Gains Network)0.7077+4.934%Polymarket Perps0.7077+4.941%Hyperliquid0.7080+4.979%
Aster
Gate
Backpack
OKX
MEXC
Pacifica
Binance
Bybit
Reya
KuCoin
Bitget
Kraken Futures
gTrade (Gains Network)
Polymarket Perps
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.605% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.490% | −0.0022% | 4h | $592K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.342% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.319% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.178% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.070% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| SoDEX VIRTUAL-USD | −0.055% | +0.0100% | 1h | $205 | $8K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.051% | +0.0340% | 4h | $838K | $777K | 75x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.036% | −0.0174% | 1h | $25K | $30K | 10x | as long as short |
| Lighter VIRTUAL | −0.035% | +0.0096% | 1h | $324K | $366K | 5x | as long as short |