Spread before costs (cost unknown: a leg has no order-book sample)+1.101%
7d average—if it closes, per $10,000$110funding while held, a day−$8.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended VIRTUAL-USD | 0.7003 | 0.0104 | pay 0.0013% / 1h | 52m 52s | $55K | $244K | 10x |
| Short | Phoenix VIRTUAL | 0.7080 | −0.0181 | pay 0.0023% / 1h | 52m 52s | $11K | $43K | 5x |
Extended VIRTUAL-USD
Phoenix VIRTUALPrice 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
- $110.13
- Funding while held
- −$8.55
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $89.58
- Spread needed to break even
- 0.120%
Slippage unknown: Extended: live order book, 47 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0285%
- Per $10,000 a day
- −$8.55
- 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 | 2.32 bp | 14.1 bp −$14 | 199.6 bp −$1,996 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Injective0.6744cheapest01 Exchange0.6977+3.455%Aevo0.6986+3.586%BloFin0.6986+3.588%Reya0.6987+3.607%Orderly0.6988+3.618%Polymarket Perps0.6990+3.654%Deribit0.6991+3.663%GMX0.6994+3.704%gTrade (Gains Network)0.6994+3.711%SoDEX0.6995+3.714%Lighter0.6995+3.725%Gate0.6998+3.766%Backpack0.7002+3.826%
Injective
Aevo
BloFin
Reya
Orderly
Polymarket Perps
Deribit
GMX
gTrade (Gains Network)
SoDEX
Lighter
Gate
BackpackExtended0.7003+3.834%
Aster0.7003+3.840%OKX0.7003+3.840%Bybit0.7004+3.855%Kraken Futures0.7004+3.862%SunX0.7005+3.870%Pacifica0.7006+3.887%Binance0.7007+3.893%BingX0.7007+3.900%MEXC0.7008+3.915%KuCoin0.7010+3.944%Hyperliquid0.7013+3.986%Bitget0.7013+3.989%edgeX0.7063+4.725%ApeX Omni0.7067+4.789%
Aster
OKX
Bybit
Kraken Futures
SunX
Pacifica
Binance
BingX
MEXC
KuCoin
Hyperliquid
Bitget
ApeX OmniPhoenix0.7080+4.978%
Variational Omni0.7097+5.241%Coinbase International0.7107+5.383%
Variational Omni
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 | −3.693% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.365% | −0.0264% | 1h | $2K | $539 | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.239% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| BloFin VIRTUAL-USDT | −0.237% | +0.0340% | 4h | $831K | $740K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.219% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.208% | +0.0074% | 4h | $14K | $1.5M | 10x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.174% | −0.0712% | 1h | $30K | $778K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.165% | −0.0608% | 1h | $15K | $20K | 10x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | −0.126% | L +0.0297% / S −0.0228% | 1h | $29K | — | 100x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | −0.119% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |