Spread before costs (cost unknown: a leg has no order-book sample)+0.058%
7d average+0.027%if it closes, per $10,000$6funding while held, a day−$1.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended VIRTUAL-USD | 0.7023 | 0.0104 | pay 0.0013% / 1h | 37m 09s | $55K | $245K | 10x |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7027 | 0.0056 | get 0.0028% / 4h | 2h 37m | $14K | $1.5M | 10x |
Extended VIRTUAL-USD
Orderly PERP_VIRTUAL_USDCPrice 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
- $5.82
- Funding while held
- −$1.44
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$6.62
- Spread needed to break even
- 0.110%
Slippage unknown: Extended: live order book, 47 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0048%
- Per $10,000 a day
- −$1.44
- 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, 47 min ago | 2.55 bp | 14.8 bp −$15 | 154.0 bp −$1,540 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 Omni0.6999+3.779%Phoenix0.7015+4.011%edgeX0.7019+4.081%ApeX Omni0.7021+4.107%Lighter0.7022+4.121%
Injective
Variational Omni
Phoenix
ApeX Omni
LighterExtended0.7023+4.136%
Bybit0.7023+4.137%OKX0.7023+4.137%MEXC0.7023+4.137%Binance0.7024+4.157%Aevo0.7025+4.173%Deribit0.7026+4.181%Reya0.7027+4.195%
Bybit
OKX
MEXC
Binance
Aevo
Deribit
ReyaOrderly0.7027+4.196%
BloFin0.7027+4.196%BingX0.7028+4.211%SunX0.7028+4.211%GMX0.7029+4.224%SoDEX0.7029+4.230%gTrade (Gains Network)0.7031+4.255%01 Exchange0.7031+4.256%Gate0.7031+4.256%Bitget0.7032+4.270%Polymarket Perps0.7033+4.290%KuCoin0.7034+4.300%Pacifica0.7034+4.304%Kraken Futures0.7035+4.316%Aster0.7035+4.316%Backpack0.7036+4.330%Hyperliquid0.7039+4.379%Coinbase International0.7113+5.472%
BloFin
BingX
SunX
GMX
SoDEX
gTrade (Gains Network)
Gate
Bitget
Polymarket Perps
KuCoin
Pacifica
Kraken Futures
Aster
Backpack
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 | −3.971% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.342% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Phoenix VIRTUAL | −0.120% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.052% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.027% | −0.0016% | 1h | $40K | $241K | 50x | as long as short |
| Lighter VIRTUAL | −0.014% | −0.0160% | 1h | $319K | $389K | 5x | as long as short |
| Extended VIRTUAL-USDlong | 0.000% | +0.0104% | 1h | $55K | $245K | 10x | |
| Bybit VIRTUALUSDT | +0.001% | −0.0289% | 4h | $15.4M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.001% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| MEXC VIRTUAL_USDT | +0.001% | +0.0100% | 4h | $16.0M | $4.0M | 100x | as long as short |